Posted on 09/03/2011 7:56:47 PM PDT by SeekAndFind
Late this week, President Obama stunned the EPA and environmentalists by dropping plans to tighten Bush-era ozone standards.
His logic?
Tighter rules would increase the "regulatory burden" that Republicans blame for the crappy economy.
Paul Krugman says this is yet another example of Obama wimping out in the hopes that Republicans will stop attacking him. He also argues that the move will actually hurt the economy.
Why will not tightening ozone rules hurt the economy? Because tighter rules, Krugman argues, would have forced companies to spend money to improve their pollution control equipment. This spending would have boosted the revenue of companies that make the pollution control equipment, encouraging them to pay their people more and hire more people. The people hired would spend some of the money they made. And that, in turn, would help pump some life back into the economy.
And it's not as if companies can't afford to upgrade their pollution-control equipment, Krugman points out. They're sitting on mountains of cash.
Krugman's view on this is based on his belief--which is becoming more self-evident by the day--that the problem with the economy has nothing to do with businesses being throttled by excessive regulation. The problem in the economy is that the biggest spenders in the economy, consumers, are broke, so there's no customer demand. And that means that the spending necessary to revive the economy needs to come from somewhere else--the government and the rich companies themselves.
(Excerpt) Read more at businessinsider.com ...
0bama already tried Cash for Clunkers
Another diaster!
Ideology always trumps reality in the land of the left an unicorns.
The sword that skewers Krugman:
Small business is the job engine of America, and they are the ones that can least afford these new regs, because they are NOT sitting on mountains of cash.
Stupid freaking douchebag.
Krugman is wrong 100% of the time. There must be some kind of odds against that.
I liked the post at the link that compared this to the “broken windows” theory. Same deal. By passing this legislation we provide “jobs” to administrators and regulators. Nothing is actually produced. In fact, LESS is produced so that liberal environmentalists can pat themselves on the back about how much they’ve saved Americans from pollution. The result is higher power bills for everyone (which hits the poor and minorities hardest). But Krugman probably thinks THAT is a good thing, because now we need more bureaucrats helping the po’ folks get their heating bills paid for by the taxpayer. Thus JOBS are created!
A market wise friend of mine says Obama doesn’t understand Krugman. Krugman belongs to the “salt water school” of economists, and Obama seems to be more influenced by the “fresh water school” of economists
What next, all that solar boondoggle rat holes were actually good for the economy?
Pray for America
Krugman has gone off the deep end lately.
Obama wants to keep Collins and Snowe happy.A paper mill in Rumford Maine on the verge of closing and the loss of 790 jobs.
Obama wants to keep Collins and Snowe happy.A paper mill in Rumford Maine on the verge of closing and the loss of 790 jobs.
I see Krugman lives in Bizarro World with Nancy Pelosi. That’s the place where every dollar spent on unemployment benefits is like two dollars put into the economy.
I can’t believe this hack has a Nobel Prize. Wait, Obama has a Nobel Prize. So, yeah, I can believe it.
Hey Paul.....just let the aliens that are coming to rebuke us humans take care of the ozone, ‘kay?
Paul Krugman opened his mouth and removed ALL questions as to his stupidity.
Utility giant AEP says it will close five coal plants to comply with EPA regs
Libs always assume that utilities and companies can be forced to spend money and hire employees they don't need when the only real option is outright closure.
The only amendment required to return control of our government back to the people.
Amendment XXVIII (28th.)
The government of the people, and by the people, shall not write or allow any law, directive, or regulation that shall cause, or require , any citizen or entity to purchase or utilize the products, methods, or services of any entity or individual.
D.C.H 1998
Paul Krugman, High Priest of the Broken Windows Cult.
Our local library (IL) in a bid for funds had a presentation claiming that every $1 spent on libraries created $6 for the community.
I suggested we shut down all government spending and invest in libraries at the $6 to $1 payback. Sadly, they thought that was a good idea, too.
Small business generates jobs 25 to 1 versus big business, IIRC.
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