Posted on 11/23/2022 10:32:44 AM PST by JV3MRC
New York Times economics columnist Paul Krugman has a knack for propping up President Joe Biden's atrocious economy at the expense of making himself look foolish.
Krugman belched up another word salad worth 846 words with a blaring headline: “How Democrats Can Fight This G.O.P.” After haranguing Republicans for supposedly not having “policy ideas,” Krugman bleated that a GOP-controlled House of Representatives with a narrow majority will be more “destructive” in part because the “economic environment, which was a headwind for Democrats this year, will probably (although obviously not certainly) begin to look better heading into 2024.” Inflation, praised Krugman, “seems set to fall substantially.” It’s unclear given Krugman’s abysmal track record on inflation under Biden why he’s arguing like he has any serious authority on the subject.
Barron’s magazine reported Nov. 11 that historical trends suggest that “when year-over-year inflation rises above 8%, as has happened with the CPI this year, it doesn’t recede quickly but tends to accelerate 70% of the time.” The outlet’s story was headlined: “Inflation Isn’t Going Anywhere. History Says It Could Take a Decade to Get Back to Normal.” This context was apparently lost on Krugman. His latest drivel read like he psyched himself into a state of denial. He claimed Republicans will “wreak as much havoc as they can” and “undermine what might otherwise look like successful governance by the Biden administration.” Yikes.
(Excerpt) Read more at newsbusters.org ...
Golly. democrats blaming republicans for their failures? No way.
That’s the whole idea, Americans don’t like being “governed”.
Liberals like governing, another reason Americans don’t like being governed.
“The MSM-Democrats will blame everything bad that happens from now on”
And that is frightening. They are going to drop the pain HARD. Wait until Chomo Joe stops the Strategic Reelection Reserves and fills it up taking all that oil off the market (not saying it should have been done). Every EO the chomo signs will be one paper cut after another. And of course ‘IT’S THE REPUBLICANS’
Paul Krugman?
Is he still around?
He and Tom Friedman have written countless books that aren’t ever read!
His opinion is meaningless.
i don’t think he knows what “successful” means.
From Krugman’s point of view, the 0’Biden -Pelosi -Schumer Regime has been very successful....
The destruction of the Nation, the destruction of the Middle Class, the destruction of the economy in general is and has been their goal, and they have been extremely successful in achieving it despite their setbacks during the Trump Presidency.
Wrong again Krugman ... Biden will undermine Biden.
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