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1 posted on 06/05/2012 5:17:50 AM PDT by IBD editorial writer
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To: IBD editorial writer

Insanity is doing the same thing over and over again and expecting different results. Krugman is clearly a lunatic. Since he is a public figure and has a bizarre influence on public policy, it would be appropriate for him to divulge just what medications are influencing his thoughts.


2 posted on 06/05/2012 5:22:43 AM PDT by allendale
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To: IBD editorial writer

Gov’t/Krugman’s (read: statists) understanding of Keynesian economics: “Government spends now, saves never.”


3 posted on 06/05/2012 5:24:07 AM PDT by taxcutisapayraise (Making Statism Unpopular)
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To: IBD editorial writer

We have been getting one bad economic report after another on a daily basis. What will it take for these fools to stop defending the indefensible? Eventually, they are going to have to face the fact that their first black “president” well — no he couldn’t.


5 posted on 06/05/2012 5:27:53 AM PDT by jersey117
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To: IBD editorial writer

According to Krugman, the reason we are in this hole is because we did not dig it deep enough.


6 posted on 06/05/2012 5:28:16 AM PDT by N. Theknow (Kennedys=Can't drive, can't ski, can't fly, can't skipper a boat, but they know what's best for you.)
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To: IBD editorial writer

7 posted on 06/05/2012 5:31:56 AM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: IBD editorial writer; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; Gilbo_3; NFHale; ..
RE :”Case in point is Krugman’s latest campaign to argue that, despite an $830 billion stimulus and trillion-dollar-plus annual deficits, President Obama has been an austerity-driven tightwad. At the same time, Krugman says President Reagan — whose supply-side, free-market economic policies powered a huge recovery after the 1981-82 recession — was a closet Keynesian.
“If you actually look at the actual track record of government spending (and) government employment,” Krugman said this weekend, “Reagan is the Keynesian and Obama ... has been the anti-Keynesian.

The writer accepts the premise that Krugman believes the theories he preaches, that somehow (huge) temporary deficit based stimulus spending will jump-start the economy which will then sustain itself someday. I see no reason to believe he is serious when he repeats this.

His economic theories always align themselves with progressives economic social justice objectives, You run up huge debts getting voters addicted to government spending and eventually they will support taxes, especially progressive ones. He said the trick to national health care is to expand the entitlement and the rationing will come later because of budget contraints.

He is a Marxist dressed up as an expert economist by the liberal MSM, nothing more.

8 posted on 06/05/2012 5:31:56 AM PDT by sickoflibs (Romney is a liberal. Just watch him closely try to screw us.)
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To: IBD editorial writer

Krugman just makes stuff up.


9 posted on 06/05/2012 5:33:42 AM PDT by y6162
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To: IBD editorial writer

Blind Faith?

Try economic ignoramus and socialist-loving political hack...


11 posted on 06/05/2012 5:59:35 AM PDT by Common Sense 101 (Hey libs... If your theories fly in the face of reality, it's not reality that's wrong.)
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To: IBD editorial writer

Krugman clings tenaciously to leftist dogma regardless of how economically destructive it is: the ends of social redistribution of wealth justify the means of tortured reason and academic Doublethink.


13 posted on 06/05/2012 6:22:30 AM PDT by Spok
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To: IBD editorial writer
There was a reason that the Brits had the extreme punishment of ‘Hanging, Drawing and Quartering.’

It Punished
It Killed, with no chance of resurrection
It acted as a Warning to others.

Krugman! Step forward.

16 posted on 06/05/2012 7:53:47 AM PDT by I am Richard Brandon
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To: IBD editorial writer
There are few scientific results more useful or more uniformly covered than Newton's Laws of Motion. These are still taught to the vast majority of Americans, because they are both fundamental and useful. Yet, on November 6, 1919, when Sir Frank Watson Dyson reported to a joint meeting of the Royal Society and the Royal Astronomical Society concerning "A Determination of the Deflection of Light by the Sun’s Gravitational Field, from Observations Made at the Total Eclipse of May 29, 1919", scientists seriously reconsidered the accuracy of Newton's Laws. They eventually accepted Einstein's theory of General Relativity, which had been supported by the measurements during that eclipse and was confirmed with increasing accuracy by later measurements through the 1970s. That's how real scientists and other real thinkers react to information that does not match the theory. We still teach Newton's Laws, because they are useful in many situations, but educated Americans know better.

Global Warming "scientists" and Keynesian economists have a different approach:


17 posted on 06/05/2012 7:54:21 AM PDT by Pollster1 (A boy becomes a man when a man is needed - John Steinbeck)
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