Call It Krugmanfreude. Not everyone is overjoyed with 7.2 percent GDP.

NRO ^ | November 03, 2003, 1:21 p.m. | Donald Luskin

[.cnI redruM]

Krugman is an Energizer Bunny of negative sentiment. If we were to rate negativity on a scale of 1 to 10, and we made 0 zoloft and 10 Pat Buchanon, 'Kruges' would be up to about an 8.5.

[Coop]

He focuses on the "payroll" survey produced by the Department of Labor, which shows 2.6 million jobs lost since Bush took office. But the DOL's alternate jobs statistics — the "household" survey that is used to compute the unemployment rate — shows that the economy is down only 273,000 jobs.

[MEG33]

Does anyone in the know take Krugman seriously?

[martin_fierro]

"Krugmanfreude." LOL!

[Diogenesis]

[johnb838]

Well, this is only because of people spending up the money they got from the tax cut. Well, no, we never said that only the rich would get money from the tax cut and they would save it not spend it.

Besides, a 7.2% economic growth rate is a risky Republican strategy that will lead to hyper-inflation.

(/sarc)

[finnman69]

I think Krugman would be a Spinal Tap 11 on a scale of 1 to 10.

[Semper Paratus]

Besides, a 7.2% economic growth rate is a risky Republican strategy that will lead to hyper-inflation.

My liberal friend claims that Reaganomics ran the economy 'too hot'.

[Paladin2b]

Schadenfreude — that's that word for taking pleasure in the other guy's failure. But what's the word for that feeling you get when you've been hoping for the other guy to fail, but he ends up succeeding . . . spectacularly?

Um, typically in the English language we call that "sour grapes"...

[Coop]

But I bet the Clinton porridge was just right! :-)

[.cnI redruM]

If you're as much of a flat tire as Paul Krugman, I doubt hyper-inflation would have much effect.

[MediaMole]

One of my colleagues has been so taken in by Krugman that he sold all his stock and has bought gold as a hedge against the coming economic collapse.

[backhoe]

http://www.freerepublic.com/focus/f-news/924778/posts
The lies of Paul Krugman- ( BLAIR, BRAGG, DOWD ... KRUGMAN? )
various FR links | 06-07-03 | The Heavy Equipment Guy

[CAR913]

Does anyone in the know take Krugman seriously?

It's hard for me to imagine anyone to the right of Mao taking Krugman seriously.

[Akira]

Well, the boys at NRO have a rating similar to that...the Krugman Cat Index.

[Redbob]

You won't hear many places that a high percentage of those jobs "lost" were lost due to increased productivity, generally perceived to be a good thing.

Productivity, that is, not job losses.

[MEG33]

I know someone with wealth who spent thousands for Y2K provisions.There is no accounting for the reactions to uncertainty and to fearmongers.

[TheBigB]

"This is a RISKY RECOVERY SCHEME!" </Gore>

[Lonesome in Massachussets]

All these blogs completely ignore the effects of 9/11. 9/11 dealt the economy a huge blow, which it is just now overcoming. This slowdown obviously effected the national debt and destroyed millions of jobs. 9/11 occasioned an expensive series of military actions which further tipped the deficit.

The jobs destroyed by 9/11 might more fairly be charged to Bill Clinton, whose feckless and irresolute foreign policy encouraged terrorist to attack the United States.

An intellectually honest critic of the President must account for the effects of 9/11. The set of intellectually honest critics obviously excludes Krugman.

[gridlock]

Besides, a 7.2% economic growth rate is a risky Republican strategy that will lead to hyper-inflation.

You know, I read the 7.2% number last week, and I thought it was time for the NYTimes to shift seamlessly from "the economy is stagnant" to "the economy is overheating".

Give it time. Not even the intellectual whores at the NYTimes can turn on a dime. By the first of December we'll be hearing about the dangers of hyperinflation.

In the mean time, start ringing those Christmas cash registers! You just know the story in three weeks will be about how retailers are not meating their "expectations" of a 25% increase in sales this Holiday season. That's one story that can be filed a year in advance.