Posted on 07/27/2022 7:16:49 AM PDT by JV3MRC
The New York Times economics columnist Paul Krugman went from admitting he completely botched his “transitory” inflation calls to gaslighting readers over the possibility of a recession.
Krugman took to Twitter to promote his new column that aligns with the White House’s latest strategy to cast confusion over the meaning of a recession just before the Bureau of Economic Analysis (BEA) is set to release dreaded second-quarter GDP numbers tomorrow. The economy contracted an unnerving 1.6 percent in the first quarter. “Ignore the two-quarter rule,” Krugman bleated. “We might have a recession, but we aren't in one now.”. That’s despite the fact that even the leftist Washington Post noted in a July 25 piece that two quarters of negative GDP growth is “generally understood to mean a recession” and that it is “rare for there to be two consecutive quarters of negative GDP without a recession.”
It’s humorous that the so-called economist is currently engaging in this level of stupidity. It was Krugman himself who arbitrarily proclaimed we were “very probably” staring down “a global recession, with no end in sight” after former President Donald Trump’s election in 2016.
(Excerpt) Read more at newsbusters.org ...
Krugman is allowed to go forth and say stupid stuff at this time, because he recently wiped his slate clean by admitting that he said stupid stuff in the past. Having admitted his past transgressions, he can now start fresh.
And in October we’ll be told three quarters doesn’t count either.
“That warm, yellow liquid I’m shooting onto your leg is rain. Global warmed rain. Trust me, I have a Nobel Prize ‘n everything!”
The “LEFT” all read from the same blast e-mail every morning.
Just as they changed the definition of vaccine when the facts went against them they want to change the definition of recession for the same reason. This is Soviet style gaslighting.
The guy is a complete joke.
If this had happened while Trump was in office, the media would be screaming about the Great Recession 2.0. They would already have a name for it, and would be having special reports, while Congress would hold select committee hearings. And Pelosi would probably try to impeach Trump again, just for being president during a recession. The double standard here is glaring.
Krugman is off his meds more than he is on them.
I can't think of anyone who has been as consistently wrong. He isn't only wrong, but wrong as wrong can be.
Krugman is a putz. My dog knows more about economics.
AGAIN, the liberals changing the lexicon.
Weather becomes Global Warming/Climate Change
Jungle becomes Rain Forest
Women become men and men become women, hence rags and plugs in the men’s room.
The definition of “vaccine” is changed to allow the deadly/useless COVID vaxxines to be approved for “emergency use”.
And many more...
NOW, because a recession is immanent, they are changing the definition of “recession”. There is NO recession, we just whisked it away with a word/definition change.
The question is... Are we going to let them get away with ANOTHER one.
Probably.
If Krugman says we’re not in a recession, you better believe we are.
The only people dumber than Krudman are those that listen to him
Biden has special rules.
Oh fudge.
We are SO all going to die.
I agree with Biden, we’re in a transition period.
We’re skipping over the whole recession thing and headed straight for a depression under this ass.
They realize that even though Biden and Democrats have created a colossal mess of everything, Kamal Harris is even less lucid.
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