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Paul Krugman: For Whom the Economy Grows; G.D.P. only part of the story, we need to know the rest.
New York Times ^
| 08/31/2018
| Paul Krugman
Posted on 08/31/2018 7:44:51 AM PDT by SeekAndFind
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HE THEN GOES ON TO SAY:
A similar disconnect between overall growth and individual experience seems to lie behind the publics lack of enthusiasm for the current state of the economy and its disdain for the 2017 tax cut. G.D.P. numbers have been good in recent quarters, but much of the growth has gone to soaring corporate profits, while median real wages have gone nowhere.
THEN RECOMMENDS THIS INSTEAD:
We need distributional national accounts that track how growth is allocated among different segments of the population.
To: SeekAndFind
Didn’t this guy predict a total collapse of the economy under Trump?
2
posted on
08/31/2018 7:47:09 AM PDT
by
Pollard
(If you don't understand what I typed, you haven't read the classics.)
To: SeekAndFind
So I wonder why he wasn’t offering this wisdom to Obama? Probably because he knew Obama likely had his mother and his grandparents writing his teacher notes to excuse him from doing his homework and other ordinary school activities that were below the young Messiah’s level.
3
posted on
08/31/2018 7:49:08 AM PDT
by
OttawaFreeper
("The Gardens was founded by men-sportsmen-who fought for their country" Conn Smythe, 1966)
To: SeekAndFind
Why wasn’t this necessary during the Obama administration, when the economy was growing at 1% annually?
4
posted on
08/31/2018 7:50:20 AM PDT
by
Cowboy Bob
("Other People's Money" = The life blood of Liberalism)
To: OttawaFreeper
Paul your IYI...intelligent yet idiot..
Maybe just an idiot
5
posted on
08/31/2018 7:52:26 AM PDT
by
Hojczyk
To: SeekAndFind
Problem: Traditional, long-standing Statistics show that Trump is much better for the economy than Obama was.
Solution: Make up new statistics and game them to tell a sad story.
6
posted on
08/31/2018 7:52:29 AM PDT
by
ClearCase_guy
(The MSM is in the business of creating a fake version of reality for political reasons.)
To: Pollard
RE: Didnt this guy predict a total collapse of the economy under Trump?
When confronted with this, his response was — GIVE IT TIME.
7
posted on
08/31/2018 7:52:36 AM PDT
by
SeekAndFind
(look at Michigan, it will)
To: Pollard
8
posted on
08/31/2018 7:55:27 AM PDT
by
silverleaf
(A man who kneels for the national anthem doesn't stand for much of anything)
To: SeekAndFind
More proof of fake news. :-/
9
posted on
08/31/2018 7:55:58 AM PDT
by
RayChuang88
(FairTax: America's Economic Cure)
To: SeekAndFind
Over 4% GDP; record low unemployment; mines reopening; factories reopening; factories being moved to the US
But we need to know the rest. Ok Paul!
To: Cowboy Bob
Because in the World of Krugman trickle down poverty is acceptable but trickle down wealth never happens
11
posted on
08/31/2018 7:57:57 AM PDT
by
silverleaf
(A man who kneels for the national anthem doesn't stand for much of anything)
To: SeekAndFind
Between 2008 and 2016 the media did a good job explaining how bad news was really good news. I wondered “but is good news ever bad news?” Thankfully since Nov 2016 they’ve been doing a fantastic job explaining how really good news is actually terrible scary news.
12
posted on
08/31/2018 7:57:59 AM PDT
by
pepsi_junkie
(Russians couldnt have done a better job destroying sacred American institutions than Democrats have)
To: Pollard
Yup. And anyone who made that claim should be removed of their right to talk about it. Yet no one questions their credibility when they are proven completely wrong.
13
posted on
08/31/2018 7:58:14 AM PDT
by
dhs12345
To: SeekAndFind
What ever university gave this asshat a degree in economics should be shut down!!!
14
posted on
08/31/2018 7:59:11 AM PDT
by
ontap
To: Pollard
“Didnt this guy predict a total collapse of the economy under Trump?”
Yeh..he’s trying real hard to garner - The Duranty / Blair Award for this year.....
15
posted on
08/31/2018 8:00:31 AM PDT
by
litehaus
(A memory toooo long.............)
To: SeekAndFind
Standard Democrat tactic.
When they lose, they change the standard.
Trump won the electoral vote which is the established standard. But since Hillary won the popular vote, we should go by the popular vote count.
They get you coming and going.
To: ontap
RE: What ever university gave this asshat a degree in economics should be shut down!!!
.... And what to make of the Nobel Committee? He won a Nobel Prize in Economics.
17
posted on
08/31/2018 8:05:17 AM PDT
by
SeekAndFind
(look at Michigan, it will)
To: Hojczyk
Just an idiot.
Left always looking to create numbers that hide their abject stupidity. Like they need another excuse to divide the people.
18
posted on
08/31/2018 8:10:16 AM PDT
by
Cannoneer
( "..raise a standard to which the wise and honest can repair.." GW)
To: SeekAndFind
to produce estimates telling us who benefits from growth for example, how much is going to the middle class.
Marxists now want to use GDP to divide us.
19
posted on
08/31/2018 8:16:51 AM PDT
by
slumber1
(Islam delenda est)
To: SeekAndFind
Someone needs to search Krugmans’ archives and see how many times he praised Obamas’ and Clintons’ GDP numbers.
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