Hobbits – Won

Dems – Zeros

Yet George Will cheerfully responded that if Krugman thinks the argument that Democrats
should be making to the voters is that “government is too frugal” then Will is ready to have that election right now.

Yes, leave it to George Will to cheerfully make an idiot’s strawman argument.

The Republican have invested all of their effort in trying make our economy as bad as possible because they want America to suffer as long as a Democrat is in the Whitehouse.

Their defacto leader, Rush Limnpaugh tipped their hand early on: “I hope he fails.”

Somebody please hand this guy a tissue…

Krugman looks like a pervert and on top of that his arguments are stupid…the Obama plan has not worked…our economy is in very bad shape…we need more Obama plan… rediculous!

“We will make it so that a Democrat cannot govern as a Democrat.” ~ Grover Norquist (leader of the GOP)

Doesn’t much matter to the right if they bring down the US economy or even the world economy as long as they make sure a Democrat fails.  Destroy the opposition and win at all costs.  Unconscionable!

get off the sit-n-spin you will make yourself dizzy

wow deep thoughts.

Krugman, people quit listening to your failed economic theories years ago. Dishonest socialist politicians are your only support (cohorts). Here’s some more stimulus for you. There’s a 50/50 chance that you are going to  jail.

President Obama probably doesn’t suffer any major political fallout over this but the Tea Party has scored a major victory thru the actions of all players from both sides involved-cable viewers have seen the Democrats and the President appear so off their carefully controlled game and that is a sad statement for them.

“Krugman looks like a pervert…” Sounds like Red State gaydar to me!

Reading your very elaborate and insightful comment about economics I am sure you are one of the most prominent economists in the world. 

Wow! George Will destroyed Krugman there!

Krugman will not even admit we are in a depression.

Yeah, I would listen to this leftist mouthpiece on the economy. Hey, who is the White House going to appoint as the lead economics guru next? Another academia genius?

  Why do shows continue to book Krugman? When’s  the last time he was correct about anything?

You’re right about the American people and even the world placing this at the feet of the TEA Party.  But I think you’re mistaken that anyone but the GOP/TP see this as a victory.  When the pain gets even greater for Americans they know who fought to keep the wealthiest top % and large corporations making huge profits from sharing in that pain.

‘President Obama probably doesn’t suffer any major political fallout over this’…Seriously???  A ‘closer-assessment’ is needed…..looks to me that the fallout has only just begun!

Somebody tell this garden gnome to take a vacation.

He was absolutely correct when he said that the stimulus, which was loaded with 1/3 tax cuts at the GOPs insistence, was way too small and would not work.

yeah because it liberal policies work so good for FDR

well if you begin every assertion, as george will does, with the presumption that government intrinsically
can’t be trusted to live within its means in terms of spending….then the debate is stifled.

Michelle-in-Utah, Paulie and Tootsie from Taylor will return after they have organized a crucifixion party.

You’ve learned nothing from the Japanese Lost Decade or the British failed austerity program, have you?

how are egregious tax cuts too “liberal”?

and you have not learned from history have you?

and you have not learned from history have you?

and you have not learned from history have you?

In 2008 Krugman was awarded a Nobel Prize In Economics for his work on New Trade Theory. I’d say he has been right about quite a few things. http://bit.ly/p5mZ2b 

Technically, we are no longer in a recession since the economy is growing. For Krugman to say we are in a depression would be idiotic.

What “spin” are you referring to cjdohio1?  Have you seen any text whatsoever for the Teabagger Constitutional Amendment for their Crash, Burn and Default plan?

And does anyone really believe they’ll ever get 2/3rds of the House and 2/3rds of the Senate and 3/4ths of the States to ratify it?

America is on the brink of default with the teabaggers at the wheel and these nitwits are talking about passing a Constitutional Amendment as they’re preparing to flush our nation’s credit rating down the toilet for the first time in US history.

And for what? So they can get rid of Medicare and Social Security?

Either you’re a tool or a hypocrite. President Obama, Harry Reid, Bill Clinton, Al Gore, Nancy Pelosi, etc, the true leaders of the Democrats are all millionaires. 

The corporations that make what you’re typing on and employs you enough to afford this privilege pay all the taxes in this country. Hope you and your family never experience having to make an emergency trip to the hospital but the companies that put the oil in your tank pay more in taxes than just about any American company you can name.

What are  you whining about again?

Krugman will not even admit we are in a depression.

Please tell us how an economist determines exactly when our economy is in a depression? Do you have any clue? Do they consult Glenn Beck?

You politicians have messed up King Obama’s teetimes this weekend  and you ‘d better not louse up his big party Wednesday .

And don’t even think about interfering with his vacations this month , especially the 2 weeks on Martha’s Vineyard that will cost the taxpayers  over one million dollars .

A perfect example of the mindset I’m talking about! :)

yeah because it liberal policies work so good for FDR

America loved FDR so much he was elected four times.

The Japanese Lost Decade is not history?

The Dems got their asses handed to them…just admit it and move on.

[My bill is the "only game in town" - Harry Reid]

More deep thoughts from the right.

They’re downright saints.

It amazes me how a guy with such a prestigious educational background can still be an idiot.

If Obama was a King then this debt ceiling debate would be moot. Your gonna have to think of a more clever derogatory term for Obama.

And what are you saying here really? That the president should not take a vacation? That tax payer dollars should not be used to protect the president of the United States while on vacation or traveling? Perhaps the president should travel economy class on American Airlines.

Where’s my Nobel Prize ?

There will be no default. Stop whining. It’s only a matter of who will get more of what they want in the end.

Boehner (and America) WINS – Lunatic-left d-cRAT socialists LOSE !!!!!
Get use to it, socialist extremists – you’ll get plenty more like that in Nov 2012.

obama is at the wheel……..you first part of your first statement is just bullshit and spin……..do i think it would pass(amendment) no

This is what i see is wrong here. I think there would have been a deal made had not have been for the Tea Party holding things up. On a side note I don’t think the GOP and Tea Party are one and the same. I see the Tea Party as the 3rd party. The GOP jumped on there bandwaging to try and get more seats. In time that’s going to backfire on them.

The other thing on both sides is these BS rules in the House and the Senite. They have to have magic number or this many dems and this many GOP peolpe. Or have a gang of 6 set everything up. It all BS if you have more yea’s the nays. That’s all you need. The rules in Captal Hill need a redone. Peolpe are taking advanage of the rules. And turned this into a pissing contest. It hurts both side’s And If it’s just 10 tea party peolpe holding everything up. And if you got the most votes tell them to go to hell.

Also the Obama caving to the GOP in the frist place. The when it was found out the GOP were not going to work with him. And the Demrcrats had control of the house and Senite. He should have ramed health care as it was met to be with public option up the GOP’s you know what. And end Bush’s Tax Cut’s.

I’ll also tell you how to save money. End the wars that Bush got us in.  We got Bin Liden and he wasn’t even in the counrty’s were at war with.

And give us a real resion why were in Lyba ?

That says more about the voters than anything else.

so? people elected tea party people too. and your point?

Well, it’s true.

Which part?

is FDR not history too…….i can play your bullshit game king

Boy, if Krugmman & Obama are tually the best & the brightest the lib/socialist party as to offer today, they’re in much worse shape than we conservatives/Republicans give them credit for.

If you’re ever driving through Oslo or Stockholm , keep your windows rolled up or you might get a Nobel Prize tossed in your car .

the economy as bad as possible……….that part is spin

and the one of the first thing he did is cut veteran benefits by 40%

Political correctness allows for cults. Race-baiting cultists produce enough political capital in the form of propagandizing a lie such as tea partiers are racists to the point that the same morals and standards the rest of us adhere to are no longer held against them. Case in point:

Here’s Al Sharpton calling somebody a “Punk Faggot” about 1:38 into this:
http://www.realclearpolitics.com/video/2010/12/20/al_sharpton_yells_punk_faggot_on_morton_downey_jr_show.html

Political correctness denounces America and so do the Democrats. It supports hatred, lies and intolerance above logic, reason and morality. I think America is starting to wake up to this.

I went from trolling to comprehensive diss’ing. Look at the Al Sharpton thread on Mediaite and check out the link I gave.

The whole political ‘Left unravels more and more everyday the longer they are out their on camera. Their own words and actions ‘out them for the frauds that they are.

Exxon Mobil and GE paid no income tax in the US for the year 2009. This despite record profits. Why AREN’T you whining? You have a higher tax burden percentage than multi-billion dollar corporations!!

Exxon Mobil and GE paid no income tax in the US for the year 2009. This despite record profits. Why AREN’T you whining? You have a higher tax burden percentage than multi-billion dollar corporations!!

Exxon Mobil and GE paid no income tax in the US for the year 2009. This despite record profits. Why AREN’T you whining? You have a higher tax burden percentage than multi-billion dollar corporations!!

Exxon Mobil and GE paid no income tax in the US for the year 2009. This despite record profits. Why AREN’T you whining? You have a higher tax burden percentage than multi-billion dollar corporations!!

Exxon Mobil and GE paid no income tax in the US for the year 2009. This despite record profits. Why AREN’T you whining? You have a higher tax burden percentage than multi-billion dollar corporations!!

And yet America loved Franklin Delano Roosevelt so much that they re-elected him three more times!

Only wingnuts and teatards hate FDR.

Here’s Mediaite’s link for Al Sharpton’s ‘Punk Faggot’ comments:

http://www.mediaite.com/tv/rev-al-sharpton-no-longer-calls-people-“punk-fggots”-but-new-documentary-trailer-shows-he-did/

I’m not whining. I’m making you whine! Need any cheese? You know, government cheese! 

LMFAO! heheheheheheh.

Quote: “Basically the Republicans said we’ll blow up the world economy unless you give us exactly what we want, and the President said OK.”

The Republican position is very clear — it has been very clear since John Boehner’s January 6th response to Tim Geitner’s January 3rd letter about the debt limit.

We do not need Paul Krugman to translate the Republican policy from English into English.

In fact, I can’t think of any purpose that Paul Krugman serves. 

I think I’m a little sick of the whole “Democrats hate America” routine. Al Sharpton is an idiot, and I don’t remember electing him spokesman for the Democratic Party, so next topic please.
Tea baggers got a reputation for racism b/c many of them were (are), plain and simple. Not all, but an alarming percentage. Every side has idiots. You just have a lot of racist ones.

The $821 billion stimulus bill had about $65-85 billion in actual stimulus — the rest was pork and giveaways to the public sector unions. So it could have been just as effective had it been 1/10 as large. Making it bigger, wasting even more money, would not have helped.

You probably meant “worked” since FDR is long dead, but don’t let a little thing like grammar get in the way of your idiotic comment. BTW, bet your grandma n grandpa love(d) their social security and medicare, eh?

Nah.  They’d just raise a stink that he took a seat away from a “real American”.

hate? who hates, just pointing shit out………talk about a wingnut, you are one

Omg, what a childish and ridiculous retort. Chuckle away to yourself while your corporate masters continue to make sure your children have no possibility of improving their lot in life. Absolutely pathetic. I pity you.

and why is that?

Democrats owned slavery. I take it you’re a Democrat.

Did I t say you hate FDR?  No.

I merely said the only people who hate FDR are the wingnuts and the teabaggers.

America elected Franklin Delano Roosevelt 4 times!

Only the idiots hated him.

Did I t say you hate FDR?  No.

I merely said the only people who hate FDR are the wingnuts and the teabaggers.

America elected Franklin Delano Roosevelt 4 times!

Only the idiots hated him.

worked? really it took WWII to get us out of the depression…….sorry i am not as much a partisan hack as you, i have no problem with SS and medicare, you pay your whole life for that insurance

Jamie, according to the Wikipedia article you linked to, Krugman’s Nobel Prize was awarded for work he did in the late 1980s, culminating in an article published in 1991. 

What seems strange to me is that since he published his seminal work on international trade, he has often advocated policies that are exactly the opposite. When he is writing for a peer-reviewed journal, he says one thing; when writing for the NY Times or advising a Democratic president, he says the opposite. 

Consistency may be the hobgoblin of small minds; but an economist who reverses his positions every time a different party is in the White House has little to teach political leaders or average citizens.

Some people learned from the 1930s that Keynesian policies did not work. Others learned that message from the failures in the 1960s and 1970s. But Krugman proudly refuses to learn, even when the evidence is clear for all to see. 

If one considers the Obama economic policies as yet another laboratory experiment on the American economy, the results so far seem to be a complete failure.

Is Britain collapsing, Kook? Because they didn’t spend enough money?

Jerry Baustian claimed:The $821 billion stimulus bill had about $65-85 billion in actual
stimulus — the rest was pork and giveaways to the public sector unions.

Where do you get your information?

It’s a genetic thing for the DemoKKKrats. They hate opposition to their lies. Their freakish, confounding ignorance of what’s normal is so shocking. These people live in this country? Dr. Strangelove may actually have been right about the Russians putting something in the drinking water in the ’60′s and, oila! The American Left.

So you think the Republicans would rather see the whole world economy collapse than see a Dem elected?  Is that what you are saying?  If you really think that, then you are even dumber that we all thought. 

Poor Royal Dimwit obsesses over me even when I’m not here.   Man, your life would be empty without me.

Yes, he did- and it was a terrible move which he had to rescind not long after, as it caused deflation and helped to exacerbate the Great Depression. Why did he make such a bad move- oh, because he was more concerned with balancing the budget instead of stimulating economic growth! Deja Vu all over again.

You need a new talking point, Kitty Kat.

well i disagree with most( but no all) of his policies

He does provide article space for the Lib readers of Mediaite.

But that is about it…..

What is up with the extremist, hostage-taking terrorists?

http://tinyurl.com/3lo2s7g

These two is what the “Ivy Leage” gives us…..

They just are not too impressive.

Michelle sed:So you think the Republicans would rather see the whole world economy collapse than see a Dem elected?

Yes, of course they would. Why do you think the Republicans are trying to crash our economy by bringing our nation to the brink of default?

I say if Republicans don’t pass a clean debt limit bill without the all the crazy teabaggage by Aug 2 and it falls onto President Obama  to pick and choose which bills to pay, he should damn well NOT pay congress until every other bill is paid first.

If there’s not enough money to pay Congressional salaries, oh well. Let’s see how long they can go before they default on all of their own personal bills.

3/4 of the states, sure. Getting 2/3 of Congress will take a gun to their head. Go ahead, make my day.

Sofedupitlookslikemichaelmoorewhoisn’tfunnyeither words more psychologically incriminating evidence of the typical DemoKKKrat’s incredible hypocrisy and stupidity.

Watch Al Sharpton call someone a “Punk Faggot”. So damaging to the DemoKKKrats but they accept this:

http://www.mediaite.com/tv/rev-al-sharpton-no-longer-calls-people-“punk-fggots”-but-new-documentary-trailer-shows-he-did/

Why don’t they pay taxes? Because their tools in congress (mostly R’s but also some D’s) do as they are told (by the people/corporations who pay to get them elected) and make it that way. I can back up everything I say with viable links supported by the facts. What you and nancypants accept as “normal” is what is shocking. Living in a country where the top 1% control 40% of the wealth is what is shocking. Why are you fighting to support the super rich?? They don’t give a damn about you or your future!

Oh please. Just try to think clearly and stay focused. I’m not a Democrat or a Republican, I’m an AMERICAN who sees that all of us in the middle and lower classes are falling further and further into the abyss. What does it take to make you people wake UP???

most (R)’s  huh…..congress was control by the (D)’s for  forty year prior to 1994….it was both sides that put tax loopholes and shit in the tax code……thats whats funny that you can’t see that.. you look at (R) and (D) as good guys and bad guys…….they are all on the take

Mia wrote:What “spin” are you referring to cjdohio1?  Have you seen any text whatsoever for the Teabagger Constitutional Amendment for their Crash, Burn and Default plan?

And
does anyone really believe they’ll ever get 2/3rds of the House and
2/3rds of the Senate and 3/4ths of the States to ratify it?

Pablo sed:3/4 of the states, sure. Getting 2/3 of Congress will take a gun to their head. Go ahead, make my day.

Spoken like a true Norwegian teabagger.

Such a disturbed, pathetic little wretch with no real principles or ideas-very emblematic of the Democrats who can’t produce jobs, see their President humiliated by an Arab Colonel as well as running up twice the debt in half the time of GWB. President Obama looks bound to live in the shadows of the Tea Party and GWB. Now that’s Change.

Ok, CJ, let’s just think this through. What was it about the war that got us out of the Depression? Was it the violence and killing? No, it was the massive amounts of government spending which kick started the economy. The gov’t had to buy all the stuff needed to conduct a war, which meant jobs created, which meant ordinary Americans had money to spend, which in turn boosted the economy. In effect, a stimulus program. And I agree with you, we do pay our whole lives for that insurance. It’s a social contract we have so that when you work hard your whole life, you have the right to spend your last years not eating cat food or fearing illness will bankrupt you. So why are R’s so bound and determined to protect the tax cuts for the super wealthy by taking away from the poor and middle class? How does defaulting on our national debt help the average American? It drives up the cost of living and makes life just that more difficult!

Vitriol and insults in place of rational and factually supportable discourse. Good luck with your Koch brothers supported Tea Bagging movement. They play you for fools and you don’t have the ability to comprehend what is happening. If it wasn’t so sad, it would be funny…but the jokes on the nation as we sink further and further into plutocracy.

Obama-Garglers such as yourself and the rest of your little ‘Crupt tribe don’t understand logic or reason, why did you mention it?

Don’t know who even listens to Krugman any longer.  He’s been proven to know as much about economics as  a 6 year old bugging his parents for every new toy he sees on t.v.  

Also, is it just me, but the guy looks like a deer in the headlights.  This blank weird look on his face.  I swear he lost it and now he’s just mouthing banalities and proving that you can’t be an honest economist while in the pocket of the Pres.  The two just don’t correlate to reliability.

He keeps spewing nonsense and I really think he’s losing it (if he every had “it”).    

fed up, the difference now is we are spending so much of a percentage of the GDP now just to get by……we would have to spend 210% of GDP now for a stimulus

Why bother? It accepts complete tyranny from our political system

and just so you know….i think 95% of the politcians in washington are corrupt and just looking out for themselves

I look at D’s as the lesser of two evils. I am not defined by a political party. I am an American. Both sides do crappy things, although I think the crap the dems do is -on average- less destructive than what the Repub’s do. It is a supportable fact that over the past 30 years income disparity has soared. It is no coincidence that this coincides with the rise of Conservatism. Voo doo economics and trickle down theory has proven disastrous for the middle class and the poor, but it has been very profitable for the super wealthy. Per the Washington Post: “In 2008, the last year for which data are available, for example, the
top 0.1 percent of earners took in more than 10 percent of the personal
income in the United States, including capital gains, and the top
1 percent took in more than 20 percent”. Does this strike you as fair or right? Tax rates are the lowest they have been since the early 50′s yet the super wealthy still scream about their “tax burden” and tell us we must “sacrifice”- yet they never do.

Paul cries like a petulant child and then displays his racism toward our president.

Shameful!

The economy “grew” by 0.4% in first quarter of 2011. Do you blame that on Republicans? They must be some magically fast magicians lol

 Paul Krugman: GOP Said We’ll Blow Up Economy Unless You Do What We Want And Obama Said OK..now, imagine just how berserk krugman and his lunatic-left d-cRAT socialist extremist pals will get on Nov. 2012 when the republicans win the Senate and the presidency along with the House !!!!!

Poor little Paulie Krugman…  The president has as much as thrown him under the bus by turning his back on him and walking away from the strategic failure that has already been demonstrated in little Paulie’s plan..  Now he is reduced to whining and crying on national TV.. while talking over all others at the table in true progressive fashion…  Poor little Paulie, go dry your eyes, buff and shine that Nobel of yours..  and try to save face by keeping a low profile for a while… 

No, I didn’t make it up — it came from a Congressional Budget Office report. 

Looking at this chart, I think one could argue that the amount of stimulus was as much as $112-114 billion, assuming grants to the states were spent for the stated purposes and didn’t just pay for projects that the states would have cancelled otherwise:
http://simplecomplexity.net/wp-content/uploads/2009/03/stimulus-image.gif

The high and mighty Zakaria conveniently forgot the downgrade warning Standard & Poor’s published on April 18 of this year:

* We have affirmed our ‘AAA/A-1+’ sovereign credit ratings on the United States of America.

* The economy of the U.S. is flexible and highly diversified, the country’s effective monetary policies have supported output growth while containing inflationary pressures, and a consistent global preference for the U.S. dollar over all other currencies gives the country unique external liquidity.

* Because the U.S. has, relative to its ‘AAA’ peers, what we consider to be very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us, we have revised our outlook on the long-term rating to negative from stable.

* We believe there is a material risk that U.S. policymakers might not reach an agreement on how to address medium- and long-term budgetary challenges by 2013; if an agreement is not reached and meaningful implementation is not begun by then, this would in our view render the U.S. fiscal profile meaningfully weaker than that of peer ‘AAA’ sovereigns.

That last sentence warrants repeating: “We believe there is a material risk that U.S. policymakers might not reach an agreement on how to address medium- and long-term budgetary challenges by 2013; if an agreement is not reached and meaningful implementation is not begun by then, this would in our view render the U.S. fiscal profile meaningfully weaker than that of peer ‘AAA’ sovereigns.”

This was issued on April 18, more than three months ago. As you can see, there was nothing in this report about the debt ceiling.

In fact, it wasn’t even mentioned.Quite the contrary, S&P on that day issued a negative outlook for our debt specifically due to our “very large budget deficits and rising government indebtedness.”

Personally, I think Krugman looks more like a miniature poodle, twitching uncontrollably, as it waits for the veterinarian.

The desperation of the hard core socialists are coming out of the wood works in force as they see their last dash hopes in a re-election of their king slip away farther day after day.

God bless the Tea Party and the Gipper!!

uhhhhhh, you actually have to have a growing economy to call it growing.

2010 US Federal deficit spending was 9.6% of GDP.

Sorry, I am not buying the recovery meme the White House and every media outlet is spewing.

Deficit spending did not work in the first Depression, it is not working in this one.

The standard has always been 4 or more contiguous quarters of declining GDP.

Facts-

2010 stated GDP growth was 2.6%
2010 US Federal deficit spending was 9.6% of GDP

In my opinion and a few other economists now, we never left the recession, we entered a depression masked by the 30% increase in US Federal government spending.

Keynesians think that if the government replaces the private sector production and spending with government borrowing and spending, this will carry us over to the other side of the valley. Problem is, that NEVER worked in the history of mankind. It DID NOT work in the first depression and it is not working in this one.

If you are going to denigrate my thesis, at the least attempt to present evidence to contradict it.

I wish this tweed-jacketed academic elite would just jump off a building. For the past two years–as long as his beloved Obamo has been a president–this jerk has been a one-note anger machine.

DSS should check in on the welfare of his family.

Also as a note, not one person or economist has taken the time to respond to my comment regarding this thesis. I have emailed it to Krugman, I have commented to several of his articles with no response from him or any of his ignorant readers.

These are facts I am putting down here. It is not opinion, it is fact. The interpretation of the facts are that we are now recovering with the Trillions that were infused to the economy. THAT is the standard Keynesian belief. According to Krugman NOW, it should have been in the order of magnitude larger. Of course do you know how they came up with the number to infuse into the economy? They guessed, they just thought, hmmmmm, we need to spend a LOT of money. That was their plan. Krugman originally said it would work. Now he says it was not big enough.

The WHOLE problem is this, that infusion was NOT any way shape or form an infusion, it debased the currency. It stole from everyone by inflationary means to spread the pain. That is what happened with that stimulus. It fixed NOTHING.

Pretty much anything that disappoints Krugman with regard to economics is probably good for America. His right to wrong ratio makes you wonder how he could possibly maintain such a prestigious position in a national publication. That is, until you examine the credibility of that publication.
The delusion that this is about Obama was started by the propagandists and regardless whether it makes any sense or not, the easily manipulated parrot it as though it is gospel. All this “Tea Party extremist” rhetoric makes no sense either but the chorus of the left in the media are all singing that song.

C’mon every smurf! Spending like this IS status quo and IS the “CATASTOPHE”.It will not be stopped by any of the “good old boys” on the right OR the left so,…if not the teabaggers,…who? And if not now,…when?     The world has already made plans for an international alternative to the American dollar.   Now we can print all the money we want and it won’t be worth a crap!    

Hey, that Nobel Prize committee gave Obama a peace prize when he was only in office a month.

I give the Nobel committee as mush gravitas as the Academy Awards or pat on backs from the likes of Biden.

Krugman’s Keynesian bible has been a failed theory since it’s inception but the leftists in our Universities won’t let it die.

If you believe they are saints, you’re too far gone. That statement is pretty scary.

Agree 100%. Both sides are addicted to spending. Neither side will cut spending. We are screwed. We are to the point of just waiting for China to cut up our credit card and then the game is over.

I have posted this before and I will post it again.

2010 US Federal Deficit spending was 9.6% of GDP
2010 stated US GDP growth was 2.6%
2010 actual or effective GDP growth was a NEGATIVE 7%

Since taking office, the Obama White House and the Democratically controlled congress grew US Federal spending 30%. This increase in spending creating HUGE federal deficits created the false GDP growth rates.

FDR attempted the same thing in the first depression, how did that work out for them?

Many other countries, including Weimar and Zimbabwe did the same thing debasing their currencies, how did that work out for them?

Krugman is a LEFTWING PARTISAN HACK!

By the way, do not bring up his Nobel prize, the same committee gave one to Obama after he was in office for a month!

It’s gotten to the point that these award winners are merely a list of people not to trust.

You’d have to be dangerously gullible to trust the government or believe that it does anything better than the private sector.

If they can blame Obama for the 750,000 job losses in Feb. ’09, the month he was inaugurated, then we can sure blame for the economy.

That was hilarious, Thanks. Actually, I think the Nobel committee relies too heavily on the approval of the elitists and ruling class to have the value they once had. It has been so diminished that it really has been reduced a joke and it is a shame.

I don’t know…..I think he’s good for comedy relief.

In all seriousness, I have frequently wondered if he is a little “over medicated”.

In all seriousness, I have frequently wondered if he is a little “over medicated”.

Good reporting, thanks.

No need to be a “Prominent economist” to know why this Keynsian nonsense doesn’t work. Hell, the only reason they taught it in college 20 years ago was as an example of a failed system. That is until Comrade Krugeman and his progressive friends drudged it up. You ever heard of a ‘Weimar trap’ kid, look it up. This guy and his commie thief friends are going to jail when we unravel this economic disaster.

I think Krugman is the Frank Burns (M*A*S*H) of economics.

Cease Fire!    Budget deal reached………. OK resume firing.

Agree 100%.  Comrade Krugman has led us into a ‘Weimar trap’.  A textbook example of a bonehead economics move. Good job, thanks.

you should rent out your brain for extra cash your not using it, obama supports are something else.

You know, when the Soviets took power, immediately after there were purges based on the fear instilled in the center of power. (Kremlin, Politburo, NKVD, etc.)  The fear was caused by the knowledge that the people, compatriots, co-conspirators that surrounded each and every one of them, was/were traitors, turncoats and back stabbers.

So, Lenin looked at Stalin who looked Trotsky, etc., and they all saw the duplicitous back stabber in each other.  Hence, how could they trust each other?  LOL  That is how Trotsky died, Stalin took Power, there were pogroms and Gulags and Millions of people died.  Paranoid fear with good reason!

So, you have to wonder if Obama wins a second term and secures total power,  who among his Cabintet and immediate followers, also, we who opposed him, are going to be sent to GITMO, so to speak?  Ouch!

“A tangled web we weave”…

There are two kinds of economists in the world. The first kind understands that economics is a social science, that it is the study of people as they are, not as utopians would like to remake them.

The second kind of economist is a mathematician, who loves to work with numbers. When speaking of very large numbers of people, he attempts to substitutes probabilities for statistics and sometimes it works out. 

The Keynesian macroeconomic theories depend on certain assumptions, the most important one being the value of a variable in the equation called the multiplier. It is convenient for Keynesians such as Krugman, such as every other economist Mr Obama has ever asked to advise him, for them to assume that this multiplier is a value significantly greater than 1. And yet, since the publication of Professor Keynes’ The General Theory of Employment, Interest and Money in 1936, there is no evidence and no consensus regarding this value. 

If you want a very big government that borrows and spends lots of money, then you want an economist who believes in a big value for the multiplier; then he can tell you that there is a sound scientific reason for a very big government. 

In conclusion, here’s something to think about: 

In theory there is no difference between theory and practice. In practice there is.

Stalin had a name for them, useful idiots.

To centralize power, you have to centralize it, therefore anyone that holds any sway or perception of leadership have to be removed of their power.

Only problem is, that will not happen with the internet now. Too many people know what is going on.

By the way, have you seen the latest from the DOT? They want to force everyone that operates farm equipment to have a CDL, I am sure next, they will require it of those that operate any construction equipment. http://www.theblaze.com/stories/agenda-21-update-family-farms-are-under-attack/

Can you say, “the end of private small businesses and farms”.

Welcome to the Soviet Socialist Republic of America.

I use the humor to entertain myself and irritate the Socialists. However, inside I am very afraid. “I pledge my life, my home, my sacred honor.”

Same here, sometimes I throw way out accusations to get them sputtering, it is fun.

Keep up the great comments, you may wake up one or two that have not lost complete grip on reality.

Ready!!!!!!!!!!!!!!!!!

Fire!!!!!!!!!!!!!!!

Aim!!!!!!!!!!!!!!!!!!!

Good to see Paul playing along with the fearmongering. All of this has been political theater and partisan games from Washington. They were always going to have a deal, but went on a few selected diversions before saving us all. This was for the politically stupid who buy into these party games. Good to see yet another talking head spewing this idiocy all over the people.

Instead of letting special interests keep some of their dime(or eliminating some bureaucracy and counting their omitted taxes for some of the hand outs), lets just pump tax payer’s money directly into them! The true progressive way!So instead of giving them the amount of money they would no longer have, lets give them loads more!!!!!!!!!!111111!

@6cad688acbe5ee25073b09628133a55c:disqus you look like you are being played there just fine.

how are they not? so giving back special interest their taxed money is bad and not your ‘side’, while pumping obscene amounts more into them is good, and the ‘liberal’ way? Really?

The First slave came to America in the 1600′s. The first Democrat was Thomas Jefferson. There’s a gap.

–Cobra

I get the impression that most of the people on this blog don’t care for Paul Krugman. Out in the real world he is highly respected by probably millions of people, but then, again, they’re academics, intellectuals, serious people and, of course, readers of the New York Times. I doubt whether 90% of you armchair economists have even read what he writes. Most rightwingers are into the dribble down theories that have worked so well in the past, and I realize it’s all Obama’s fault that we’re in such a mess and cutting back on the budget is the only way to go. Of course, even thinking that the uber rich should pay slightly higher taxes and corporations and hedge funds should pay any taxes at all is anathema to the right. You’re really a bunch of mental wizards with a brilliant sense of history, never questioning how we got into such a pickle, and never questioning your motives in blackmailing Obama to do things which will, as Krugman says, not help us at all. Clearly, the rightwing’s actions have already harmed our weak economy and I suspect that’s what you want to do to your country and the rest of us. I don’t think that Americans in their anger and fear elected you rightwingers to make a bad situation worse. The way things are going they will probably toss these idiots out in 2012.

More proof straight from a soviet defector circa. 1980. Using liberals was always the plan for communists. Keep up the good work.

http://www.youtube.com/watch?v=RS8LA-5fmrs

You are right about one thing, we will through the idiots out in 2012. Krugman has been recommending the same old tax and spend ‘socialist’ economics for decades. His economic policies have failed in the past, and they are failing now.  Soon they will again be taught as failed economic policy, as they have been for the last 30 years. ”Mental wizards” such as youself, intend to follow him over the cliff. Dishonesty is similar to a lack of education and Krugman has plenty of that. But stupidity is the mark of those that follow him over the cliff.

Should read ‘throw’

You are representing a new level of dumbness I have encountered today. You want to send a Nobel Price winner to jail for being an economist. Hilarious and pathetic.

You, uneducated and misinformed fella, should first look up the name Bruning before you open your mouth. Also, it´s very likely you gonna love Heinrich Bruning. He´s one of the greatest fiscal conservatives of all times.
Memebers of the TeaParty would be proud of him if they knew who he was.

While doing some research maybe you can also do some reading on Communism.

George Will is well past his shelf life.

It´s LENIN, not Stalin, who coined the phrase “useful idiots”. I have told you before.

Guys like you prob have a poster of Bruning over their bed.

You are  the very definition of an useful idiot.

I´d say they pretend not to care. Rather they hate him for being very smart. 

Lenin, Stalin, FreeCommonSense, what is the difference. I always get leftists mixed up.

Tax Cut Memories http://community.nytimes.com/comments/krugman.blogs.nytimes.com/2011/07/31/tax-cut-memories/?sort=oldest&offset=1

Fact: Free lunch Krugman really? http://www.aspousa.org/index.php/2009/12/paul-krugmans-free-lunch-theory/

Krugman is a joke…………hahahahahahahahaaha………………

Fact:

You don’t ever make sense.

Interesting. 

 ”Uber rich,” don’t you really mean “uber” successful?  After all, in our free enterprise system, isn’t that how we “keep score,” meaning we judge success by Dollars earned?

Indulge me with another thought:  You “suspect that what you (Conservatives) want to do to your country and the rest of us,” is deliberately harmful.  I am sorry, however, your suggestion is counter intuitive as even the President recognizes the Left as the party of “Change.”  The Right is not the party of the status quo, rather, the party that looks to our very foundation for solutions.

By “Change” isn’t it “clearly” obvious that the Democrats are promoting Socialism, by definition?  Conversely, the Conservatives are simply trying to reacquire the ideals and birthright handed down to us by the Founders?  I am not pre-occupied with who made the current mess, rather, I look to Thomas Jefferson and our founding governmental treatises for the solution, NOT Karl Marx?

In conclusion, I disagree with your suggestion that the Conservative’s are deliberately sabotaging our Nation.  After all, the Conservatives are more likely to fly the Flag than a Socialist!  

LOLOops, I almost forgot to say something about Krugman.  There, I did…

Purveyor of Rhetoric

Actually, twitty, the dem’s are doing a great job on their own, they don’t need the republican’s help. Actually, I am in awe of how little of your brain you use. how much longer can the turds in Washington continue to spend with no controls in place before we go bankrupt. You guys just don’t get it, and it’s not just the “teaparty” that’s tired of the spending. Your messiah is self imploding anyway, so that’s becoming less of a worry than the hole we are heading into without real reform.

KITTY, You do have some rather interesting friends? (Likes)  As for your “picture,” the clenched fist, facing forward, representing strike, solidarity, unity, etc.  As opposed to the fist in reverse is universally recognized as a threat.

I am reminded of how simple symbols change, or morph, with the zeitgeist.  For instance, the two finger V has long been  recognized as a symbol or gesture of peace.  Then again, In 1940, Sir Winston Churchill used the same gesture to mean Victory. (usually with the hand reversed, but, that too changed)

Hmm, what is all this musing about?  Maybe the difference in the character of the conflict?  Churchill was altruistic, he simply desired to save his Nation from the NAZI peril.

As for the clenched fist and the Public Union’s, well you are defiant for the good of the children and their parents, right?  LOL

Purveyor of Rhetoric

Like you didn’t think the same thing.

Pardon me if I’m not surprised.

One need not be in order to see the obvious.

Deep for you.

Do people who really read what is going on and the financial sectors daily, really believe what Krugman puts out as economic theory.  Don’t try the Nobel crap either, afterall, Obamba won the peace prize. So——–

The “progressives” vs the “repressives, suppressives, & regressives.”

If this compromise from hell does go through, the first thing we have to do is challenge the unconstitutional and undemocratic “Super Congress.” This devious little politburo will complete our transformation into a fascist state by concentrating power into the hands of a select few politicians, answerable to nobody but the corporatocracy. This is not merely Catfood Commission II — it is shaping up to be a type of Politburo, or even a fourth branch of government. The jockeying for a seat at this totalitarian table should be a sight to behold. Look for Joe Lieberman to be jumping up and down, waving his hand, even though he is supposedly retiring.

Jerry Baustian claimed:
The $821 billion stimulus bill had about $65-85 billion in actual stimulus — the rest was pork and giveaways to the public sector unions.

Mia wrote: Where do you get your information? It sounds like you made that up Baustian

.

Baustian wrote: No, I didn’t make it up — it came from Congressional Budget Office data.

Baustin, back up for a second.

You said that out of the $821b stimulus, only $85b is “actual stimulus” leaving about $735 billion that YOU said is “pork and giveaways to the public sector unions.”

You’re saying $735 billion is “pork and giveaways to the public sector unions.” ?

Please.

Mr. Krugman…  I suppose YOU think increasing the Federal Spending over the past six year by 600% is “rational”?  And the GOP TRYING (not, in my judgement, succeeding) to CUT – not SPENDING, but merely the amount of OVER-SPENDING (over 10 YEARS – as opposed to the PRUDENT [ADULT] approach of cutting REAL SPENDING NOW) is YOUR definition of “blowing up the economy”?

Somehow (if you have kids), I DOUBT that YOU would agree to do to HIS/HER allowance, what the Government has done to spending!

In my opinion and a few other economists now, we never left the
recession, we entered a depression masked by the 30% increase in US
Federal government spending.

A few other economists?  Really?

Can you name a few who support your thesis?

fed up, the difference now is we are spending so much of a percentage of
the GDP now just to get by……we would have to spend 210% of GDP now
for a stimulus

210% of GDP? Are you sure you know what you’re talking about?

There are vastly more millionaires on the left than on the right in the political environment.  Quite a number of great examples of corruption are in the administration.  The chief examples of evil corporate manipulation are George Soros and Immelt whose invisible GE paid zero taxes last year and moved a sizable division of their company to China recently while Americans are out of work.  This is something completely ignored by people on the left.  While so-called progressives are frothing up in hatred of the free market that make it possible for poor people to become wealthy employers they advocate policies that actually keep the poor and themselves as slaves of the state.  Welcome to public education. 

Michelle wake up and smell the coffee.

Question:

In your opinion, or, in your ‘conclusion,’ based reasoned thought and study: Who or which was worse, Hitler and NAZIs, or, Stalin and the Soviets?  

Or, if you like and would probably prefer: who was better, Hitler or Stalin?  After all, both men and their peculiar forms of government, kept a lid on dissent.

PURVEYOR

Do you ever read at Zero Hedge?

Here is a link to their main site- http://www.zerohedge.com/

Do some reading. There are numerous economists and those in the markets that have stated that we are in a depression, they are NEVER given air time on the MSM.

These are the FACTS, the deficit spending is the ONLY thing keeping the US out of a Depression. Problem is, it keeps us out of a statistical Depression, not the real one.

9.6% US Federal deficit spending of GDP. That is ALL you need to know to see the truth.