His experience in the open sewage pit formerly known as the New York Times would be useful in that role as well.
The good news keeps coming:
Posted on 09/01/2006 4:20:52 AM PDT by governsleastgovernsbest
by Mark Finkelstein
September 1, 2006 - 07:01
I kept waiting. Dutifully wading through Paul Krugman's prolonged subscription-required kvetch over the economy, The Big Disconnect, I figured I'd eventually be rewarded for my perseverence with his proposed solutions - if only to be able to critique them. But the New York Times columnist's economic nostrums never came.
Krugman's basic complaint is that workers haven't shared in the fruits of the extended economic expansion. This is Krugman being late to the MSM party noted here, here, and here. Even so, he chooses to ignore the reporting in his own paper that flatly contradicts his own allegation that "most workers have seen their wages lag behind inflation and their benefits deteriorate." As Ken Shepherd of NB and MRC noted yesterday, the New York Times itself has acknowledged that, as per recently released data, wages are actually increasing at a 7% annual rate even when adjusted for inflation!"
But that pesky fact didn't stop Krugman from alleging that "although G.D.P. growth has been pretty good for the last few years, most workers have seen their wages lag behind inflation and their benefits deteriorate."
Krugman naturally hopes this will inure to the Dems' political benefit: "The disconnect between overall economic growth and the growing squeeze on many working Americans will probably play a big role this November."
And by the way, look for a brawl to break out in the hallowed halls of the Times between Krugman and fellow columnist Tom Frank. Frank made his authorly bones with his book 'What's the Matter With Kansas?' It's condescending thesis is that red state Americans have been too naive to understand that it would be in their economic interest to vote Democrat.
Krugman in contrast claims that working Americans are in fact smarter than the experts: "Ordinary American workers seem to understand the long-term disconnect between economic growth and their own fortunes better than most political analysts."
In any case, I waited in vain for anything approaching a specific proposal from Krugman. To the contrary, he meekly acknowledges that "wages may be difficult to raise." The closest Krugman comes is to clamor for "smart, bold populism" - whatever that means. Gripes Krugman: "all we need now are some smart, bold populist politicians."
Wasn't Krugan hired to be a "smart, bold populist" economist? Is kicking the can down the road while waiting for a politician to come along to solve things for him the best Krugman can do?
NY Times/NewsBusters Krugman-kvetch ping to Today show list.
You mean to tell me Paul Krugman lied? And on the pages of the NYTimes at that? Who knew?
Morning glgb. Thanks for the ping...
My pleasure, Rob. This was really one of those man-behind-the-screen moments.
Krugman can't see reality, but reality can see him.
If one wants to do something tangible to reduce disparities in wealth, transitioning to a fully funded, individually owned, investment based Social Security System is a very powerful, albeit longterm, solution.
Not that liberals will ever connect the dots.
This nut case Krugman is a a ranting lunatic.
Krugman is the kind of guy that would be put in charge of the Central Planning Department if the Democrats are ever able to realize their utopia of replacing the Congress with an American Politburo. he would get to crank out the 5 Year Plans for our continued prosperity...
Well said, IMHO.
Krugman is beginning to remind me of that other NYSlimer - Adam Clymer!
Coffee hasn't kicked in yet, I thought your comment said Central Plumbing!
I stopped reading Krugman years ago (well I usually read the first paragraph or so, anyway). The steady drumbeat of 'Bush is killing the economy' hasn't panned out.
Since he has no credibility as an economist, I'm guessing the only reason that he's given a column is that he is a rabid Bush-basher. Since there are plenty of those out there, I have no reason to waste my time reading the rantings of yet another dime store liberal.
Would this be former Enron adviser Paul Krugman? That one?
The same!
His experience in the open sewage pit formerly known as the New York Times would be useful in that role as well.
The good news keeps coming:
What a useless twit this guy is.
I mean, as far as I can tell, he has been wrong about EVERYTHING.
Is that his real hair?
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