#MIGRAINE: Paul Krugman Made to Look Like a Fool Comparing Biden to Reagan

NewsBusters ^ | 1/22/2024 | Joseph Vazquez

[JV3MRC]

The New York Times’ bumbling economics writer Paul Krugman continues to beclown himself the more he tries to defend the Bidenomics monstrosity.

Krugman took to X (formerly Twitter) to once again downplay the inflation crisis brought on by President Joe Biden’s off-the-rails spending and stimulus policies that helped send price hikes into overdrive. His new excuse? Biden’s inflation battle is similar to President Ronald Reagan’s. “For people who say that Americans care about the level of prices, not the inflation rate, note that cumulative inflation under Biden so far is close to the number under Reagan. Which is why Reagan lost the 84 election in a landslide. Oh, wait.” No, you didn’t misread that. But as usual with Krugman’s takes, he left out crucial context that ended up obliterating his argument.

Manhattan Institute Senior Fellow Brian Riedl pointed out to Krugman that the “obvious difference [was] that Reagan inherited a 13.5% inflation rate, so voters gave him more slack to gradually bring it down to 3.2%.” Krugman didn’t bother mentioning that at all. “Biden inherited a 1.2% inflation rate and low inflation expectations, so the subsequent inflation spike to 8.0% was seen as his creation,” Riedl continued. Effectively, Krugman just set himself up to take another massive “L” like the glutton for punishment that he is.

[NWFree]

Like oil and water

[Eccl 10:2]

Suggested title correction:

#MIGRAINE: If It’s Even Possible, Paul Krugman Made to Look Like a More Of A Fool Than He Already Is Comparing Biden to Reagan

[leaning conservative]

This guy is the writer’s version of Hillary.....he will never stop writing inane columns.

[SteelPSUGOP]

Krug is an idiot. Always has been, emphasis on has been

[T.B. Yoits]

Let no one forget the genius of Paul Krugman. Yes, he actually said this publicly.

[Worldtraveler once upon a time]

One rather militant Freeper cited Paul Krugman to me as justification for increasing debt. As was said in a comment to me, "US National Debt doesn't need to be paid off. Just serviced. Ample abilities to do that."

This was proof positive that some Freepers are NOT conservative. They merely play them on these threads.

Paul Krugman is a jackass, and rapidly growing nation debt is a millstone around our coming generations' necks and/or a threat to the very fiscal health of this nation.

[silent majority rising]

“US National Debt doesn’t need to be paid off. Just serviced. Ample abilities to do that.” Just like a credit card, it doesn’t need to be paid off as the new debt is added to the old debt, and it is serviceable. Until you declare it in the bankruptcy court..//sarc// Krugman uses the same argument as credit card companies. In fact, all you have to do is go out get get new credits to service the first one..LOL. Works the same as National debt, doesn’t it?

[chuckee]

Krugman will say anything to advance the Democrat political agenda. The only subject he knows less about than public policy is economics

[Pete Dovgan]

“Paul Krugman is a jackass, and rapidly growing nation debt is a millstone around our coming generations’ necks and/or a threat to the very fiscal health of this nation.”

That about sums it up from my perspective. The real question for me is: Is Paul Krugman really that stupid or just paid now to support the Democrat agenda, or both?

[Rappini]

Krugman is counting on all the dummies that will believe him.

[dhs12345]

The left are like playing power ball. They toss of their ideas into a bucket and then randomly pull out one or two together and then that becomes their story or mantra.

Next, they will be claiming that Reagan was a lesbian feminist, school teacher from Iowa.

[DennisR]

Krugman IS a fool, not just appearing to be one. 🙄

[sauropod]

.

[Organic Panic]

Democrats, their bobble heads, illegal immigrants, government workers....

“Everyone I know is doing great. i don’t know what all those MAGA creeps are complaining about.”

[jurroppi1]

Manhattan Institute Senior Fellow Brian Riedl pointed out to Krugman that the “obvious difference [was] that Reagan inherited a 13.5% inflation rate, so voters gave him more slack to gradually bring it down to 3.2%.” Krugman didn’t bother mentioning that at all. “Biden inherited a 1.2% inflation rate and low inflation expectations, so the subsequent inflation spike to 8.0% was seen as his creation,” Riedl continued. Effectively, Krugman just set himself up to take another massive “L” like the glutton for punishment that he is.

Add to that, the CPI-U and CPI-W were actually tied to something more realistic than what we have now as indicators, as well as the basket of goods items staying constant (not being substituted to decrease the impact of the obvious inflation) and no shrinkflation per se.

[jurroppi1]

lemmie guess. The poster’s screen name begins with an O and ends with an N.

[Pearfect]

Not look like a fool, HE IS A FOOL.

AND A LIAR.

[Worldtraveler once upon a time]

--- "lemmie guess. The poster’s screen name begins with an O and ends with an N."

No. Not this time. Best wishes.