Paul Krugman: "I won the Nobel Prize, just like Al Gore! So shut up and listen to my genius!"
Posted on 07/01/2009 9:59:16 AM PDT by Lorianne
Nobel-Prize winning economist Paul Krugman said the nation is on course for a "prolonged jobless" economic recovery unless the Obama administration steps in with a second round of government stimulus money.
"The fact of the matter is that the unemployment rate is much worse than the administration contemplated or that most people expected," Krugman told ABC News. "So the economy is much weaker than we thought it'd be, meaning, in fact, it could use more stimulus."
Krugman: 'I'm Trying to Move the Debate' Criticizing the president's policies are nothing new for Krugman, 56, a frequent Roundtable guest and contributor on "This Week with George Stephanopoulos."
The Princeton University economist and New York Times columnist has become one of the leading voices of the left critiquing the Obama administration's handling of the economy, the financial industry bailout, health care reform and climate change.
"I'm trying to move the public debate in a better, more sensible direction," Krugman said. "There were not a whole lot of voices at least in the public eye saying what a lot of economists had concluded, which was that the Obama stimulus plan was, if anything, too small."
(Excerpt) Read more at abcnews.go.com ...
He’s correct on the jobless part and wrong on the cure.
The Baraqqi stampede to socialism is wrecking the business outlook.
I think Krugman is making EVERY BIT of it up.
But only $85 billion (12%) of the first stimulus bill has even been distributed!
Krugman is certifiably deranged.
we better listen to him.....he’s a “frequent roundtable guest”
This could be known as Mr. Krugman’s “No Sh*t, Sherlock” moment.
Something we don’t need is more “stimulus.”
Mr. Obama is a banana, so is Herr Krugman.
there will be no recovery!!! we are headed for economic armegeddon. if you people own banking stocks you will loose everything. ive been studying the banks for 1 year hours a day! its all going to be over soon. and i dont want to tell my fellow freepers i told you so.
Paul Krugman: "I won the Nobel Prize, just like Al Gore! So shut up and listen to my genius!"
Krugman’s job is to provide cover for Ubama. His problem is that nobody with a clue takes him seriously.
And writing for a dying, dishonest toilet tissue like the NY Times? That’s a killer.
Krugman looks like a Geitner relative...scary and a blank stare.
They(gov) is actually attempting to bribe us into spending more than we have, and living on credit now. ARG!!!
So, we’re in a recession because too many people borrowed too much money... and the solution is to BORROW MORE MONEY.... What the hell school of economics did this twit graduate from?
U.S.: Krugman/NYT headed for ‘Jobless’
is it me, or to the ‘experts’ ALWAYS predict ‘jobless recoveries” when the economy is down?
A jobless recovery, what a joke. These money grubbing a-holes should be hung!
Hey, have some respect, he’s a Nobel Prize winner ...
His last name fits his looks.
Krudman disagrees with Resident Obamah only when he feels the administrations policies aren't liberal enough!
Fantastic! So we can now expect that $1 trillion deficit per year to approach $1.5 trillion. Yep, that’ll save us... /s
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