Posted on 12/17/2023 5:08:25 AM PST by MtnClimber
Do you feel better now?
In addition to being an insufferable leftist, Paul Krugman is a world-renowned economist. He even has a Nobel Prize to prove it.
I’m just a retired engineer who refuses to keep my opinions to myself. I shouldn’t be able to ridicule him on economic matters, but he just makes it so danged easy. It’s seems clear that our Nobel laureate is either economically illiterate or just plain dishonest. I doubt he’s economically illiterate, but I’ll let you decide.
Krugman recently ran an article entitled “The Progressive Case for Bidenomics.” Apparently, he didn’t get the memo. The left isn’t attaching old Joe’s name to the economy anymore. They seem to think it may be unhelpful next year. I however, continue to use “Bidenomics” with reckless abandon, as I think it will be extremely helpful.
I knew Krugman’s piece was going to be a doozy, right from the first paragraph.
There are two big questions right now about the U.S. economy. One is why it’s doing so well. The other is why so many Americans insist that it’s terrible.
That must be why Joe’s sycophants are backing away from the whole “Bidenomics” thing, because the economy is doing so darned well. Maybe Joe doesn’t like to brag. We need only ignore little things like mortgage payments doubling in the last three years, and loan defaults reaching a ten-year high, to see the genius behind Bidenomics.
Krugman gets to the meat of his case by noting that conservatives are slaves to their emotions, while progressives (i.e., commies) are receptive to reasoned arguments. Try to hold your laughter for a moment. You really need to read his next statement about progressives...
(Excerpt) Read more at americanthinker.com ...
Whenever I see the name Paul Krugman I know something wrong is about to follow.
For those who are too young to know or remember we are now in Jimmah Cahtah 2.0.
Real late ‘70’s, early ‘80’s kinda stuff.
This is the crap that should have been taught in schools, but it interfered with the mind control operation that our schools have become.
Listen to the boomers.
Ask them about the conditions back then, and how the hell we got out of it.
Ask them how the bushes have put us back on this road and are the cause of this crap.
Ask them.
But beware, they will answer you, and you will not like the answer
Look at the home mortgage rates in the Jimmy Carter years. The average mortgage rate hit 18.63% on 10-08-1981, just after the Carter term ended.
When was the last time Krugman had to buy gas or groceries for himself and his family? Paid utility bills that are soaring ≈ 20%/year?
People who claim “Bidenomics” is working are the very ones that have everything done for them and have no idea how the rest of us has to plan and live within a budget - that is being busted regularly by Bidenomics.
But he just makes it so danged easy
Indeed just like the climate control issue damned the facts we have a program to pimp.
Krugman was an advisor to Enron.
Did they ever let him take off the ankle bracelet?
Annnnd, Obama got a nobel. BFDeal.
Bidenomics is not designed to produce economic success; it’s a “Progressive” political program to redistribute wealth, and therefore power, to Democrat constituencies.
For Krugman, the “success” of Bidenomics, resides in the political program. Small wonder the rest of us perceive it as failure: Bidenomics’ intent is to impoverish the middle class by destroying the value of their life savings, and making it difficult for ordinary people to accumulate wealth via home-ownership and prudent savings. Bidenomics seeks to lower the standard of living for most people, shifting wealth to government insiders and super rich elites (plus foreign entities that have paid off Biden and other Dems). Since political power follows economic power, the Dems do not want “ordinary” people having either.
So as Paul sees it, Bidenomics is a big success. The general population just isn’t Progressive enough to enjoy being impoverished and disempowered for the, er, “common good” of leftist elites.
"Build Back Better" means destroying first. And Joe's real good at destroying things.
No mention of the fact that Biden had already written $6 trillion in debt despite increasing taxes and despite the fact that we are not in a recession. I remember Krugman trashing Bush for running a $100 billion deficit when we were coming out of a recession.
Krugman is just about always wrong.
I bought my first house in ‘81.
Assumed someone’s mortgage (another thing that doesn’t happen today) that was at 12%!
A virtual bargain!!!!
Ahhh... to be young again!!!
The economy IS doing well — for people like Krugman. And that’s ALL they care about. That it’s terrible for the rest of us gives libs great pleasure. They revel in the harm they do.
“It’s seems clear that our Nobel laureate is either economically illiterate or just plain dishonest.”
Clearly, both. In his case, they were accidents of birth.
Who's "him"? I hope you mean Krugman.
is this guy still a thing.
pfl
later
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