Posted on 10/29/2010 4:37:42 AM PDT by blam
Krugman: If The GOP Wins, Historians Will Look Back At It As An Event That Lead To Disaster
Joe Weisenthal
Oct. 29, 2010, 7:07 AM
Not that the electorate will ever be swayed by a NYT op-ed (or any op-ed for that matter), but Paul Krugman is trying one more time to warn voters: DON'T DO IT! DON'T VOTE FOR THE REPUBLICANS!
It's probably his most over-the-top, alarmist piece yet, and that's saying something.
The gist is that this is not 1994 all over again. The economy is deflating, and gridlock means serious issues won't be resolved.
...future historians will probably look back at the 2010 election as a catastrophe for America, one that condemned the nation to years of political chaos and economic weakness.
He notes, convincingly actually, that the GOP is clearly focused on one thing, and that is to take down Obama in 2012, and so there's absolutely no hope that we'll get some kind of rejuvenated DC politics, and cooperation. Senator Mitch McConnell is quoted pretty damningly on this front.
And as for economics:
The economy, weighed down by the debt that households ran up during the Bush-era bubble, is in dire straits; deflation, not inflation, is the clear and present danger. And it’s not at all clear that the Fed has the tools to head off this danger. Right now we very much need active policies on the part of the federal government to get us out of our economic trap.
But we won’t get those policies if Republicans control the House. In fact, if they get their way, we’ll get the worst of both worlds: claiming to be worried about the deficit, while simultaneously increasing long-run deficits with irresponsible tax cuts — cuts
Read the whole thing >
[snip]
(Excerpt) Read more at businessinsider.com ...
Only his poodle and his illegal alien houseboy listen to hysterical krugman. Take your menopause pills, krugman. More people listen to the drunk on the corner than you. You’re a has-been. Go back to China and tell your Marxist masters that you failed.
This moment isn’t the “texting while driving” that caused the potential wreck, it is the moment of looking up and seeing the tree coming at you...brakes! Wheel! Close eyes! Hope it isn’t to late to “correct” stupidity. That’s Nov 2 to most of us.
Well, as a former economic adviser to Enron, Krugman ought to be an authority on disaster.
Oh, come on. Professors at Princeton can occasionally be wrong. Krugman, however, is infallible because he is a columnist for the NYT. Hope that helps ;-)
Krugman is giving us the media’s plan to report on financial news after the election.
The marxist party has set up so many financial booby traps that will kick in starting January. A whole new pile of taxes are going to be lumped on an already weak economy. The Bush tax rates will all go up because the demonrats will not extend them or make adjustments to the AMT. And the VAT is out there in the wings just waiting for obama’s signature. The will completely disregard any events that happened from Jan 2007 to the present that got us in this financial jabberwocky.
Wasn’t Krugman also the Economic Advisor to Mugabe in Zimbabwe???
Sorry Paul, the disaster happened in 2008 when Obama got elected.
LOL And Tom Friedman, the guy with the flat earth fixation. Freidman and Krugman think they are towering intellects. But instead of towers, I see them both as being more like the ladders you can use anywhere. Like some guy like Billy Mays used to sell (RIP). You know, on the stairs, on uneven terrain, in the yard, in the driveway, in the garage, and well, just about anywhere!!!
Ubiquitous, yet mundane.
LOL And Tom Friedman, the guy with the flat earth fixation. Freidman and Krugman think they are towering intellects. But instead of towers, I see them both as being more like the ladders you can use anywhere. Like some guy like Billy Mays used to sell (RIP). You know, on the stairs, on uneven terrain, in the yard, in the driveway, in the garage, and well, just about anywhere!!!
Ubiquitous, yet mundane.
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If The GOP Wins, Historians Will Look Back At It As An Event That Lead To Zero's impeachment!
The Rats are shovel-ready for the dust bin of history.
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