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 weren’t 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.
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 don’t (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.
So what's your point, Professor?
Constant stimulus? Stimulus as far as the eye can see?
What a dope...
Keynesianism has FAILED every time it has been tried. What a complete and utter fool !
The stimulus's didn't kill us (only maimed us), so lets now double the bet. That will surely do it this time.
Insanity: Repeating the same action over and over again while expecting different results.
if he came out for motherhood, the G.O.P. would declare motherhood un-American.
What a laugh. What a true fool, what a true idiot this guy is.
I heard that Obama came out in favor of gay fathers — that was his gift to the nation for Father’s Day.
So this idiot Krugman thinks that throwing more money and spending more money is the solution to all problems?
Trillions and trillions and trillions of dollars spent by the government — how could this ever cause any progress in the economy? How can this supposedly Nobel prize winner not understand that government spending doesn’t create businesses or inventions or computers or telephones or jobs — it just wastes money... and boy does he ever want to waste our money.
Did everyone read about the repair jobs on the highways —how the contractor breaks up the road every few miles, thereby blocking the highway for over 100 miles, because this is the way he can ensure that the government will finish the contract and he can get all this money for the job? This is the way people think when they’re playing with other people’s money.
Krugman is a fool. He just keeps saying the same thing over and over and over — spend more spend more spend more. Hasn’t he been listening to China? Hasn’t he been listening to anything anyone else says?
...how in the world did this laugh of an economist ever get the Nobel Prize? How in the world did this laugh, this joke of a thinker ever get such an exalted position at the New York Times? Don’t you get the feeling that they only hire racists, haters, fools, socialists, communists, and people who have never ever had a job in their entire lives?
The economy is staggering on with Zer0, Geithner, Summers, Pelosi and Reid in hot pursuit of gunning it down and tanning it’s hide.
academy = arrogant twerps pulling down inflated salaries for propagating clever-sounding ideas
reality = 17% of normal people unemployed or underemployed because of the above
It doesn't matter what he says ...