Posted on 10/24/2023 3:58:00 PM PDT by JV3MRC
Paul Krugman, New York Times economics columnist and chronic escapist, can’t help making himself look even more clownish by casting Bidenomics as anything other than the inflation-stimulating mess that it is.
“The Secret of America’s Economic Success,” read Krugman’s Oct. 23 piece of propaganda. Krugman regurgitated his ridiculous flapdoodle that America has somehow beaten the scourge of high inflation. He pointed to a graph by blockchain-based firm Truflation purporting to give a more accurate inflation depiction to proclaim a “steep decline in inflation over the past year.” But there’s a problem. The graph Krugman pointed to just shows a slowing inflation rate, not a “decline” as Krugman deceptively insinuated.
In fact, ongoing inflation has caused prices to skyrocket more than 17 percent higher on average since President Joe Biden first took office. That trend has not reversed. But Krugman went right ahead and attributed this illusion of economic success largely to Biden’s absurd pursuit of an “aggressively expansionary fiscal policy.” Despite Americans showing profound disapproval for the Biden economy in recent surveys due to their current struggles, Krugman still chose to double down: “[O]ne thing is clear: We have been remarkably successful, even if nobody will believe it.”
(Excerpt) Read more at newsbusters.org ...
Printing money makes us all rich.
I see the tactic for 2024 now. Simply manufacture an alternative reality
There has been no “decline” in inflation. Slowing the rate of growth is not a decline. Nothing Biden did has slowed anything. It is slowing because working Americans have exhausted their saving and their credit trying to keep making ends meet
what planet does this creep live on?
What a treasonous whore. Not one shred of professional integrity. Throw aside your reputation to prop a catastrophic nation killing Presidency.
Mental illness is huge in this one.
“You are getting very sleepy...”
C’mon, it’s not like we’re in real debt or anything. 33 trillion is manageable and sustainable.
It’s the dogs JB... they just won’t eat it!
They are saying Americans are richer because the value of their homes are going up.
Yeah that’s great. Try selling your home, and trying to get another home with the money you got from the sale.
I look very successful as well charging to credit cards.
Federals spent $1,400,000,000,000 more than they took in taxes. It is buy now pay later more.
Yeah, that’s the ticket!
They managed to convince a sizable portion of Americans that a man in a dress is a woman but can they fool enough people that the economy is going well?
Krugman has to say this because he doesn’t want to spoil his record of always being wrong when it comes to economics.
What a doofus.
Well, there may well be a decline in the rate of inflation, but that is small comfort to all those people putting food and gas and utilities on their overburdened credit cards just to stay afloat.
He lives an alternate reality in an Ivory Tower.
Krug hasn’t purchase fuel or been to the market to buy food.
It’s amazing what those magic mushrooms can do...
Yeah I tried that with the property tax office
When they sent me my latest valuation I told them “try to sell it at that price”. They were not amused
Of course. Inflation is licked. The border is secure. Biden has led the free world to protect democracy. Every foreign capital respects America now. China is not an enemy, but a friendly competitor. We are militarily secure, and could fight two wars at a time if we have to. Who would not be proud to run on such a record.
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