Skip to comments.Krugman To Colbert: "Ireland Is America's Future If Romney Is President" (Watch Video)
Posted on 06/19/2012 5:40:47 PM PDT by SeekAndFind
Forget turning Japanese, an anxious-looking Paul Krugman appeared on Stephen Colbert last night to hawk his book and suggested that "Ireland is Romney economics in practice". Noting that Obama "inherited a Depression" but has unfortunately not taken us out of it due to a "whole lot of opposition from 'the other guys'".
The Kaped Keynesian Krusader went on to note that "a recession is when things are going down but a depression is when things are down" and suggests an Obama campaign slogan "It's Not As Bad As The Great Depression" to which Colbert retorts that electing Romney would seem to be the path to 'ending this depression now'.
While Krugman opines that if we would just re-hire all the government workers who have been laid off over the past few years then all would be well in the world, we suspect Colbert is closer to the truth when he comedically adds that "obviously the way to end the real depression is a war in Europe" and while USA is not Greece (or Uganda), it appears we will be Ireland if Romney gets elected.
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The Kaped Keynesian Krusader went on to note that “a recession is when things are going down but a depression is when things are down” and suggests an Obama campaign slogan “It’s Not As Bad As The Great Depression” to which Colbert retorts that electing Romney would seem to be the path to ‘ending this depression now’.
A better description of these econonmic terms would be this:
A recession is when your friend is out of work.
A depression is when you are out of work.
Recovery is when Barack Obama is out of work.
And Kenya is America’s future if bambi wins.
Has Krugman ever been right about anything? He’s like a less oily Dick Morris, wrong every time.
As opposed to being Zimbabwe with obama...
Ireland! -> Free Guinness!
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