Skip to comments.John Kerry, Al Gore, Paul Krugman and Other Unreasonable Liberal Facsimiles
Posted on 12/29/2013 6:54:24 AM PST by Kaslin
Jonsey wrote: John, Merry Christmas (God forbid, I should say Happy Holidays or Sarah P might have a heart attack). In your article, you forgot one thing: Paul Krugman won a Nobel prize for economics and you didn't. He is one smart gentleman. Do have a glorious Christmas and may your heart be softened may you speak of and about the President. Happy Christmas Eve. Maybe I'll say a prayer for you at Midnight Mass. Who Made Krugman the Expert? Cronies Did
Dear Comrade Jones,
I dont forget that Krugman has a Nobel prize. I discount the award to present value:
The sum of which equals BS.
Youre talking about the same anti-Semites who only awarded only ONE Nobel prize to Albert Einstein the greatest physicist ever; who gave Yasser Arafat, Jimmy Carter and Al Gore a Nobel prize and... a Nobel prize to Barack Obama?
Come on. Explain to me why Obama deserved a Nobel prize?
I still havent heard a credible explanation about how he earned that prize.
It seems more like he got one for making a cameo appearance as a black man in the government of the United States. Liberals have no shame that way.
If you told me he got an Academy award for best supporting actor, Id believe it. But Nobel prize? Come on.
The Nobel prize thus has no meaning for me.
So, if you want to remind people that Krugman has a Nobel then go ahead.
This is what I know: Despite following Krugmans recipe for economic success more money, more money, more moneyObamas produced an economy that is sending corporate profits up and job creation down.
There has never, ever been more money than there is today. Ever. The rate at which money travels through the system has never, ever been as slow. Ever.
Both the money supply and the money velocity is something that can be helped or hurt by government policy.
And despite this unprecedented money supply, regular folks arent benefiting.Rather the government is benefiting big time. Being located near enough to D.C. to know how much the city has swelled since the 1970s, it should be obvious to you who has benefited the most from increased government spending.
Assuming our GDP is somewhere around $16.5 trillion this year, government spending-to-GDP will come out at about 39 percent of GDP. From 1938 through 1944, the height of the New Deal AND the war effort, federal government spending was only 26.5 percent of GDP.
And what do we have for it?
As of 2012, according to the most recent figures reported by the Census Bureau, median (midpoint) income for all U.S. households was $51,017, writes Obamas friends at FactCheck.org, which was 4.9 percent lower (in inflation-adjusted dollars) than it was in 2008, the year before Obama took office The number of persons living in poverty also worsened again in 2012, according to the most recent Census figures. As of last year, 46,496,000 persons lived in households with income below the official poverty line, an increase of nearly 6.7 million since 2008 and 249,000 since 2011. The total poverty rate remained unchanged in 2012 at 15 percent of the total U.S. population. So for the second straight year, the poverty rate was 1.8 points higher than it was in 2008.
According to a report by Intrest.com, there is only one major city where the average household income is sufficient to buy a new car.
You guessed it: Washington, DC.
According to the 2013 Car Affordability Study by Interest.com, says CNBC via Yahoo Finance, only in Washington could the typical household swing the payments, the median income there running $86,680 a year. At the other extreme, Tampa, Fla., was at the bottom of the 25 large cities included in the study, with a median household income of $43,832.
Only the countries of Lichtenstein and Qatar enjoy higher per capita income than DCs median income of $86,680 a year.
Thank goodness. All this time, I thought that the runaway federal spending was just fueling a sense of entitlement, privilege and contempt for us commoners amongst the people who run our government.
So whatever else Krugman knows about, he doesnt know nothing about how an actual economy works.
Even he admits as much, although he doesnt even realize it:
On both the healthcare and inflation fronts, Krugman wrote in early December what you have to conclude is that there are a large number of people who find reality the reality that governments are actually pretty good at providing health insurance, that fiat money can be a useful tool of economic management rather than the road to socialist disaster just unacceptable. I think that in both cases it has to do with the underlying desire to see market outcomes as moral imperatives.
If thats the kind of result that wins you a Nobel prize, then I would discourage Nobel prizes.
I see it as the economic equivalent of peeing in the well from which you drink.
That said: I wouldnt worry about Sarah Palin if I were you. She seems to be doing OK, without interfering at all in your life.
When youre at church you can thank Jesus for being the reason for the season, and while youre at it you can explain to him why you tell people happy holidays instead of Merry Christmas.
And since youre a hypocritical Catholic, who thinks that he can preach to me about how Jesus was a socialist, let me tell you that I ALWAYS pray for you.
Every night I do.Every night.
There is no maybe for me.
Robert wrote: I wish you were gay. You send shivers up and down my leg. How's "Tingle Down" Economics Working for You Comrade Chris Matthews?
Yeah! And Obama got a “Peace Prize” and we have been at war ever since.
And that is a fact
Every time I see that pic, it makes me want to throw up. The very Idea that ANY US OFFICIAL would ever give this morally bankrupt, gangster rapper, POS, recognition of even being alive is repulsive, but it is John Kerry and he did serve in Vietnam. Un Frickin Believable, we really do live in a TRUE BANANA REPUBLIC now.
And people ask why I don’t watch TV
According to Krugman and Krew, a rising tide raises all boats, but it has to rise big Gummint’s boat first to be any good.