Posted on 03/28/2009 7:27:04 PM PDT by tlb
Paul Krugman has emerged as Obama's toughest liberal critic. He's deeply skeptical of the bank bailout and pessimistic about the economy. Why the establishment worries he may be right.
(Excerpt) Read more at newsweek.com ...
Nobama is losing friends at an alarming rate! We tried to tell them it would be a huge mistake to elect him.
I’m thinking Krugman got so much crap from other economist’s, including macroeconomist’s, that he realized that his cheerleading for 0 would result in further professional humiliation. Peer pressure sucks, huh Krugman.
Hmmmmm....I was in the doctor’s office last week. Every dog-eared Newsweak had HNIC on the cover.
Blow it out your @ss Krugman.
Blow it out your @ss Krugman.
Amen.
OOPS.
If Krugman is against it then I’m wondering if the Messiah might be on to something.
Krugman= Major League Clymer.
Yeah, there comes a point in some careers where you have no choice to bet everything on Red. If Krugman is right, he is a genius. If not, he will be lumped in with a whole lot of other nay sayers. It’s a win win for him.
My, my. Ain't the MSM fickle?
Attempt to comment there failed as I have no accoutn there ...
my thoughts ...
There are other wise and solid critiques of Obama’s economic policies - policies that will lead to the fiscal ruin of the United States, will destroy job creation, and which are focussed in completely the wrong direction (the problem is most definitely NOT a lack of Govt spending that needs to be remedied with higher Govt outlays).
In 2002, Krugman was lamenting $200 billion deficits under Bush as too high. Obama proposes for next year deficits of almost $2 TRILLION or almost 10 times bigger, and further, Obama is creating structural deficits.
Rather than focus on the personality of the critics, it would be better for Newsweek to admit that they were WRONG to join the media gaggle in trying to shut up dissent over Obama’s economic policy just last month, and talk about ALL the critics of Obama’s economic policies across the board - Thomas Sowell, CNBCs Cramer, Steve Moore, Cato Institute, Peter Schiff, Marc Faber. Or maybe turn it around and ask: Which economist IS endorsing Obama’s dangerous debt bomb budget plans? I know of NOBODY! the debt is likely to increase from about 40 percent of GDP today to close to 100 percent of GDP by 2018. It’s insane to consider this a good or necessary thing.
Krugman probably knows the Obama plans will be ineffective.
but
#1 he wanted/wants MORE deficit-spending ‘stimulus’ which is junk
#2 his ‘cure’ is nationalizing banks.
The agreement on bailout makes sense: I think libs and conservatives can agree on not wanting taxpayers to get stiffed while the bankers and their creditors get off the hook.
Amen, Brother! (Or Sister!)
If the ‘establishment’ is just figuring out it’s been had, these people are so far gone they’re beyond redemption-screw ‘em.
Guess that 50%+ tax on your income is starting to suck. Right, Paul? Even commies want money to buy nice stuff. Giving your money to the fat welfare momma for more beer, drugs, satellite TV and a flop for their drunk boyfriends doesn’t look so good now, does it, Paul?
What’s that old saw about mugged liberals?
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