Posted on 10/14/2019 6:18:09 AM PDT by Mr. Mojo
Between globalization and Obama’s domestic policies the American middle class has taken the biggest hit in the history of the country.
Yeah, it was impossible to see, huh Paul, you ignorant twit.
Many of us saw it, with far less formal schooling. It wasn’t rocket surgery.
I had many heated exchanges here at FR over similar issues.
Ross Perot was the beginning of Trump-ism
For Krugeman, there was no way to know, because he is incapable of opening his mind rather than talking down to people with different opinions.
Krugman turned stupid into an art form.
The key question is WHY Krugman was forced to issue this “mea culpa”.
My guess is he’s convinced Trump will have another 5 years in office as China is getting ready to sign a deal with Trump.
Pretty soon, Krugman figured, his attack on Trump’s policies could not be sustained without losing readership.
Better to eat some crow now and still remain a popular columnist in 2021.
Models—garbage in, garbage out.
Piled Higher and Deeper.
One would have to be a complete idiot to not know what would happen with free trade between nations where one nation’s labor costs were 10% to 20% of the other’s.
Globalists have lied about this to the American public for decades. This admission from Krugman is really surprising, and suspicious.
Wrong! ... Perot worked for Bill Clinton ...
I learned “free trade” from day one as an Econ/business major.
I think they’ve concluded that their only chance of beating Trump is to try and be more populist than Trump, hoping to win back the Rust Belt Democrats who voted for him last time.
It failed quality assurance too. Everything overseas is shoddily produced.
“Free Trade” isn’t. That was the point. I know, because I heard them espouse their BS loudly, and often. They’ll talk about a “Trade War”, though the US has been in a Trade Surrender for decades.
The whole point was to offshore production, move the “polluting” factories overseas, and import low wage, unskilled workers. It absolutely destroyed manufacturing in this country. We were to become a “service economy”, instead of those icky manufacturing and factory jobs. Tens of thousands of factories shut down, unable to compete with tariff-free communist slave labor. In retrospect it looks like the idea was somebody dusted off the post-war Morgenthau Plan to de-industrialize America.
Yeah, Paul. Who could have known? It was obviously unknowable, especially by the smart set in the rarefied air of academia.
What’s amazing is how they paid off Union leadership to look the other way. Have to at least pay some respect or have grudging admiration for that operation. A few months ago some UAW head or somebody was talking about he had no problems with illegal aliens taking American jobs, driving down wages.
That alone, to me is astonishing.
As an American, to be seen as a trained rodent in a science lab by a two bit economist who knows so little: certainly falls short of enhancing any ego whatsoever.
Americans are NOT lab rats. We are not to be used and abused.
“Lizzie Warren took an axe,And gave the economy forty whacks;When she saw what she had done,She gave the American people forty-one.”
Well I guess to realize and admit that one is wrong is something to be recognized as a start. Now that you have done so, bow out of the public arena as a mea culpa, until you become a real economist.
Sometimes they did it anyway. It was hard to have a lot of sympathy.
What happens when you give six support dogs total control of a 747 after it's in flight? That analogy describes how America gave total control of itself over to the flower children of the 60s. Viz. we're going down in flames.
I wouldn’t exactly call Krugman a “free trader”. His economics is basically Leftist.
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