Posted on 09/04/2010 6:34:06 AM PDT by SeekAndFind
How many times in a row can this guy be wrong and still stick to his guns? Everyone is entitled to do something stupid now and again - this guy is abusing the privilege.
yeah if I didn’t spend myself out of debt last week at the mall, I think I’ll try again at the car lot this week
Krugman observes that after the original stimulus:
* Interest rates DID NOT rise as many feared. He argued that the stimulus was too small. Temporary deficits werent a problem as long as the economy remained depressed; we were awash in savings with nowhere to go.
* Inflation did not rise as many feared. Key measures of inflation have fallen from more than 2 percent before the economic crisis to 1 percent or less now, and Japanese-style deflation is looking like a real possibility.
* GDP Growth DID accelerate last year, as the stimulus reached its predicted peak impact, but has fallen off just as some of us feared as the stimulus has faded.
IN OTHER WORDS, THE STIMULUS WORKED, BUT IT DID NOT WORK BECAUSE IT WAS NOT APPLIED IN A SUFFICIENT SCALE !!!
ERGO : WE NEED ANOTHER ROUND. A BIGGER ONE AT THAT !!
That’s this Nobel Economics Laureate’s take.
None is so blind as they that will not see. No point in arguing with this guy.
This guy is a complete fool. Why don’t they try using the 80% they still have from the last one? Nobody seems to realize that most of the last stim. money hasn’t even been used. IDIOTS!!!!!!!!!!!! God we have a lot of stupid people running around in this country.
I smell another Pulitzer and a Nobel for this guy..
“.. the Republicans will oppose him regardless if he came out for motherhood, the G.O.P. would declare motherhood un-American.”
This drivel discredits Krugman as a serious debater and is compeletely unworthy of a Nobel prize winner. Not that the Nobels have any credibility left after the peace prize being bestowed on the Soetero by euroliberal bromantics.
Read his arguments. He does NOT concede that he is wrong. In fact he insists he was right.
Krugman observes that after the original stimulus:
* Interest rates DID NOT rise as many feared. He argued that the stimulus was too small. Temporary deficits werent a problem as long as the economy remained depressed; we were awash in savings with nowhere to go.
* Inflation did not rise as many feared. Key measures of inflation have fallen from more than 2 percent before the economic crisis to 1 percent or less now, and Japanese-style deflation is looking like a real possibility.
* GDP Growth DID accelerate last year, as the stimulus reached its predicted peak impact, but has fallen off just as some of us feared as the stimulus has faded.
IN OTHER WORDS, THE STIMULUS WORKED, BUT IT DID NOT WORK BECAUSE IT WAS NOT APPLIED IN A SUFFICIENT SCALE !!!
ERGO : WE NEED ANOTHER ROUND. A BIGGER ONE AT THAT !!
Thats this Nobel Economics Laureates take.
Also, Krugman has lectured that you CANNOT compare a trillion dollar economy to a household budget. That is trying to compare apples with oranges. They are two different things, both in scale and in scope ( not saying I agree with him, just paraphrasing his arguments ).
don’t you wonder what’s in Krugman’s personal retirement portfolio?
Is Krugman on the same page as Christina Romer?
Christina Romer: My Plan Failed (Outgoing Obama Economic Adviser Admits Fiscal Stimulus Failed)
http://www.freerepublic.com/focus/f-news/2582151/posts
Christina Romer’s True Confessions
http://www.freerepublic.com/focus/f-news/2582325/posts
Romer: We had no clue and still dont (On Economy)
http://www.freerepublic.com/focus/f-news/2582253/posts
It’s a lot easier to write columns if you can misstate the opposition’s position, and lie about what you said before.
I don’t remember worrying about inflation during the 1st stimulus. I remember worrying about deflation because of rising unemployment.
It was the low interest rates that were said to possibly cause inflation if they were kept low too long.
So what's your point, Professor?
Constant stimulus? Stimulus as far as the eye can see?
What a dope...
I don’t know much about inflation, but I do know that just about everything I buy at the grocery store costs more than it did a year ago.
And just because inflation isn't back yet doesn't mean it won't be.
I know. He misses the whole point of a stimulus, it’s to “stimulate the economy”, not to “be the economy”.
It’s like saying that you should keep giving someone CPR forever, because you are doing it wrong and every time you stop they are still dead.
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