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Same Krugman Who Foretold ‘Global Recession’ Under Trump Says ‘Ignore’ Two-Quarter Rule for Biden
NewsBusters ^ | 7/27/2022 | Joseph Vazquez

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 ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: blogpimp; donaldtrump; joebiden; paulkrugman; recession
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1 posted on 07/27/2022 7:16:49 AM PDT by JV3MRC
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To: JV3MRC

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.


2 posted on 07/27/2022 7:22:56 AM PDT by ClearCase_guy (We are already in a revolutionary period, and the Rule of Law means nothing. It's "whatever".)
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To: JV3MRC

And in October we’ll be told three quarters doesn’t count either.


3 posted on 07/27/2022 7:23:50 AM PDT by Glenmore
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To: JV3MRC

“That warm, yellow liquid I’m shooting onto your leg is rain. Global warmed rain. Trust me, I have a Nobel Prize ‘n everything!”


4 posted on 07/27/2022 7:31:46 AM PDT by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: JV3MRC

The “LEFT” all read from the same blast e-mail every morning.


5 posted on 07/27/2022 7:34:48 AM PDT by Don Corleone (leave the gun, take the canolis)
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To: JV3MRC

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.


6 posted on 07/27/2022 7:40:23 AM PDT by circlecity
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To: JV3MRC

The guy is a complete joke.


7 posted on 07/27/2022 7:42:58 AM PDT by ealgeone
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To: JV3MRC

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.


8 posted on 07/27/2022 7:46:15 AM PDT by Repealthe17thAmendment
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To: JV3MRC

Krugman is off his meds more than he is on them.


9 posted on 07/27/2022 7:47:24 AM PDT by allendale
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To: JV3MRC
Some people think Paul Krugman is an actual economist. He even got a Nobel Prize.

I can't think of anyone who has been as consistently wrong. He isn't only wrong, but wrong as wrong can be.

10 posted on 07/27/2022 7:48:32 AM PDT by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
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To: JV3MRC

Krugman is a putz. My dog knows more about economics.


11 posted on 07/27/2022 7:48:39 AM PDT by EQAndyBuzz (DJT24)
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To: JV3MRC

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.


12 posted on 07/27/2022 8:00:58 AM PDT by faucetman (Just the facts, ma'am, Just the facts )
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To: JV3MRC

If Krugman says we’re not in a recession, you better believe we are.


13 posted on 07/27/2022 8:01:17 AM PDT by beethovenfan (The REAL Great Reset will be when Jesus returns. )
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To: Vigilanteman
I've been told that Krugman is an acknowledged expert (in academia) on the economics of international trade. That's what he got the Nobel Econ Prize for. The person who that told me this (Note: This person claimed to me to be a professional economist!) also said that Krugman is a hard-core leftist ideologue on everything else. (No kidding!) So, you would think at some point his econ training and his leftist world view would be at odds. I guess not, after all the Soviet Union had economists too .
14 posted on 07/27/2022 8:02:18 AM PDT by Reily
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To: JV3MRC

The only people dumber than Krudman are those that listen to him


15 posted on 07/27/2022 8:03:17 AM PDT by NWFree (Somebody has to say it 🤪)
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To: JV3MRC

Biden has special rules.


16 posted on 07/27/2022 8:12:04 AM PDT by BigEdLB (Let’s go Brandon!)
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To: JV3MRC
Krugman is telling us things are not so bad?

Oh fudge.

We are SO all going to die.

17 posted on 07/27/2022 8:12:18 AM PDT by Harmless Teddy Bear (The nation of france was named after a hedgehog... The hedgehog's name was Kevin... Don't ask)
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To: JV3MRC

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.


18 posted on 07/27/2022 8:13:27 AM PDT by maddog55 (The only thing systemic in America is the left's hatred of it!)
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To: BigEdLB
1-A8-CEF0-A-030-D-4-F4-A-BABF-D4-EC36-AF9923

Remember how we were constantly being told about a 25th amendment move against Trump?


Biden’s Brain is gone, and you can’t Find anyone willing to talk about the 25th amendment now

19 posted on 07/27/2022 8:21:23 AM PDT by AnthonySoprano (Lindsey Graham: How can anyone be Mad at Joe Biden)
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To: AnthonySoprano
Biden's Brain is gone, and you can't Find anyone willing to talk about the 25th amendment now

They realize that even though Biden and Democrats have created a colossal mess of everything, Kamal Harris is even less lucid.

20 posted on 07/27/2022 8:23:52 AM PDT by 1Old Pro
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