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Keyword: paulkrugman

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  • ‘Divorced From Reality’: Paul Krugman Claims ‘Election Deniers’ Are Also ‘Economy Deniers’

    01/10/2023 4:10:33 PM PST · by JV3MRC · 50 replies
    NewsBusters ^ | 1/10/2023 | Joseph Vazquez
    The often wrong but never in doubt New York Times economics columnist Paul Krugman is clearly neck-deep in denial about how bad the Biden economy really is. He whipped out a new catch-all to accuse so-called “election deniers” of also being “economy deniers.” Krugman railed in his Jan. 9 column, “Election Deniers Are Also Economy Deniers,” that “G.O.P. economic views are almost as divorced from reality as their political fantasies are.” It’s a mystery how Krugman can legitimately bellyache about people being “divorced from reality” in the face of his own dirty laundry list of terrible “transitory” inflation calls and...
  • Return Your Nobel: Top 4 Worst Paul Krugman Economic Hot Takes of 2022

    12/30/2022 12:12:00 PM PST · by JV3MRC · 10 replies
    NewsBusters ^ | 12/30/2022 | Joseph Vazquez
    The past year has been a rough one for the wild hot takes of The New York Times’s phony economics savant Paul Krugman. His ridiculous record on the state of the economy under President Joe Biden makes it hard to see how he still takes himself seriously. Krugman used 2022 to praise the inflation and labor-shortage-rattled economy as “amazing,” double down on his imaginary “Biden Boom” and convince the masses that skyrocketing inflation was a transitory phenomenon. Despite admitting in July that he was “wrong” on the inflation crisis, Krugman continued to spew his flapdoodle with hubris and impunity on...
  • Full of Hot Air: Paul Krugman Cries GOP Will ‘Undermine’ Biden’s ‘Successful Governance’

    11/23/2022 10:32:44 AM PST · by JV3MRC · 28 replies
    NewsBusters ^ | 11/23/2022 | Joseph Vazquez
    New York Times economics columnist Paul Krugman has a knack for propping up President Joe Biden's atrocious economy at the expense of making himself look foolish. Krugman belched up another word salad worth 846 words with a blaring headline: “How Democrats Can Fight This G.O.P.” After haranguing Republicans for supposedly not having “policy ideas,” Krugman bleated that a GOP-controlled House of Representatives with a narrow majority will be more “destructive” in part because the “economic environment, which was a headwind for Democrats this year, will probably (although obviously not certainly) begin to look better heading into 2024.” Inflation, praised Krugman,...
  • FLASHBACK: 3 Paul Krugman Rules for ‘Bidenomics’ That Self-Destructed in 2022

    09/27/2022 3:55:58 PM PDT · by JV3MRC · 5 replies
    NewsBusters ^ | 9/27/2022 | Joseph Vazquez
    The New York Times economics columnist Paul Krugman’s so-called “rules” for Bidenomics that he preached just days before President Joe Biden took office aged like spoiled milk. Krugman published a blog six days before Biden’s inauguration where he established “Rules That Should Guide Bidenomics.” Among Krugman’s garbage heap of ideas, he argued that Biden shouldn’t worry about national debt or inflation and should spend taxpayer monies like a madman. He summed up his trainwreck of suggestions for Biden: “damn the torpedoes, full speed ahead.” How brilliant! Just over a year into the Biden presidency, the American economy is now reeling...
  • Condescending Paul Krugman Bleats ‘Biden Boom’ Great for Workers ‘Whether They Know it or Not’

    09/08/2022 9:48:58 AM PDT · by JV3MRC · 24 replies
    NewsBusters ^ | 9/8/2022 | Joseph Vazquez
    New York Times economics columnist Paul Krugman apparently tried to strong-arm struggling American workers into believing that they have been ignorant of an ongoing “Biden Boom." Krugman’s latest op-ed of pro-Biden drivel didn’t make much of an argument. “[W]hile the Biden boom was and is real, has it been good for U.S. workers? Ask many American workers, and they’d probably answer in the negative,” Krugman wrote. “After all, hasn’t inflation eaten up all their wage gains and then some?” But Krugman then took a nutty shift into pure condescension: “Bidenomics has been good for American workers, whether they know it...
  • Jingle Bells in His Head: Paul Krugman Monikers Biden’s Insane Climate Bill a ‘Christmas Tree’

    08/17/2022 10:08:25 AM PDT · by JV3MRC · 5 replies
    NewsBusters ^ | 8/17/2022 | Joseph Vazquez
    New York Times economics columnist Paul Krugman just stepped on another rake by likening President Joe Biden’s insane $740 billion Inflation Reduction Act to Christmas. Biden signed his eco-utopia bill into law yesterday, which allocates $369 billion in taxpayer dollars to new climate spending. Right on cue, Krugman released a new op-ed slobbering how he “wrote back in that 2019 thread, ‘If we’re going to pass anything that helps avert [climate] catastrophe, it will have to be a Christmas tree.’” Krugman’s arbitrary usage of “Christmas tree” was in reference to a “bill that offers a lot of specific payoffs to...
  • ‘The Big Zero:’ Delusional Paul Krugman Twists Himself into a Pretzel Salvaging Biden’s Zero Inflation Hoax

    08/12/2022 8:38:20 AM PDT · by JV3MRC · 14 replies
    NewsBusters ^ | 8/12/2022 | Joseph Vazquez
    Disgruntled New York Times economist Paul Krugman is clearly willing to sink his career further into the reputational abyss by mudding semantics to save President Joe Biden’s hoax that we had zero inflation in July. The failed “Team Transitory” apologist Krugman published a new op-ed spinning that “President Biden declared, accurately, that we had zero inflation in July.” He whined that “many on the right accused [Biden] of lying, because prices in July 2022 were 8.5 percent higher than they were in July 2021. Do they not understand the difference?” To be “fair, sloppy business reporting may have contributed to...
  • Buffoonery: Paul Krugman Suggests Dems May ‘Save’ Civilization with Insane Inflation Bill

    08/10/2022 12:16:38 PM PDT · by JV3MRC · 19 replies
    NewsBusters ^ | 8/10/2022 | Joseph Vazquez
    New York Times economic columnist Paul Krugman is now pretending to be a climate expert since his economic record on inflation is just awful. Now, he’s celebrating Democrat senators for allegedly trying to “save” civilization from a supposed eco-disaster with their $740 billion Inflation Reduction Act, projected to worsen inflation. The Democrat-controlled House of Representatives is currently considering the legislation. Krugman was tickled pink in his latest drivel headlined: “Did Democrats Just Save Civilization?” In the lead of the story, he fawned: “They really did it.” He continued: “This is a very big deal. The act isn’t, by itself, enough...
  • 'What Does It Matter?' Paul Krugman Shrugs Off Concerns About Whether US Is in a Recession

    08/01/2022 11:26:51 AM PDT · by lowbridge · 52 replies
    townhall.com ^ | August 1, 2022 | Leah Barkoukis
    Economist Paul Krugman argued on Sunday the United States is not in a recession and it doesn’t matter anyway. “None of the criteria that real experts use says we’re in a recession right now, and what does it matter?” he dismissively told CNN’s Brian Stelter. “The state of the economy is what it is. Jobs are abundant, although maybe the job market is weakening. Inflation is high, although maybe inflation is coming down. What does it matter whether you use the “r” word or not?” The Left has been fiercely pushing back on the definition of a recession, commonly accepted...
  • Biden White House talking points redefining recession quickly embraced by media outlets

    07/27/2022 11:41:47 AM PDT · by BenLurkin · 23 replies
    | Fox News ^ | July 27, 2022 12:06pm EDT | By Joseph A. Wulfsohn
    Some liberal media outlets are beginning to fall in line with the Biden administration's spin on redefining what a recession is ahead of the release of potentially devastating economic stats. New York Times columnist Paul Krugman told readers "there’s a pretty good chance" that GDP shrank in the second quarter, which will trigger "breathless commentary" about there being a recession. But he insisted "we won’t be." His assurances about a recession not taking place came just days after he offered a mea culpa for wrongly predicting in 2021 that the country wouldn't face severe inflation. He also predicted in 2016...
  • Same Krugman Who Foretold ‘Global Recession’ Under Trump Says ‘Ignore’ Two-Quarter Rule for Biden

    07/27/2022 7:16:49 AM PDT · by JV3MRC · 23 replies
    NewsBusters ^ | 7/27/2022 | Joseph Vazquez
    The New York Times economics columnist Paul Krugman went from admitting he completely botched his “transitory” inflation calls to gaslighting readers over the possibility of a recession. Krugman took to Twitter to promote his new column that aligns with the White House’s latest strategy to cast confusion over the meaning of a recession just before the Bureau of Economic Analysis (BEA) is set to release dreaded second-quarter GDP numbers tomorrow. The economy contracted an unnerving 1.6 percent in the first quarter. “Ignore the two-quarter rule,” Krugman bleated. “We might have a recession, but we aren't in one now.”. That’s despite...
  • ‘I Was Wrong’: Paul Krugman Kicks Himself For His Awful Inflation Takes

    07/21/2022 10:06:56 AM PDT · by JV3MRC · 55 replies
    NewsBusters ^ | 7/21/2022 | Joseph Vazquez
    The New York Times Opinion actually published a shocking project where eight of their columnists admitted they were wrong about either economics, tech, foreign affairs or politics. At the top of the list was none other than “transitory” inflation gaslighter Paul Krugman. The Times’s economic columnist published an op-ed with a headline that didn’t beat around the bush – for a change – and acknowledged how bad his unrealistic takes on the inflation crisis were for the past year. “I Was Wrong About Inflation,” says the headline. The disgruntled economist actually conceded that Biden’s irresponsible $1.9 trillion stimulus package was...
  • FLASHBACK: Remember When Clinton Stooge Robert Reich Claimed Biden’s Stimulus Wasn’t Inflationary?

    06/29/2022 12:43:09 PM PDT · by JV3MRC · 15 replies
    NewsBusters ^ | 6/29/2022 | Joseph Vazquez
    Clinton stooge Robert Reich has just as much of a sordid record in his coverage on the inflation crisis as leftist economist Paul Krugman. The former Secretary of Labor tried to swat down any concerns that President Joe Biden’s gargantuan $1.9 trillion stimulus was rife with inflationary pressures that could send the economy off the rails. “Larry Summers is dead wrong that Biden's plan would be inflationary. The economy has huge unused capacity,” Reich squealed against former President Barack Obama’s former National Economic Council director in a Feb. 5, 2021 tweet. Summers sounded the alarm bells about a potential inflation...
  • PAINFUL: Paul Krugman Admits He ‘Badly Underestimated Inflation Risks’

    06/27/2022 7:50:57 AM PDT · by JV3MRC · 81 replies
    NewsBusters ^ | 6/27/2022 | Joseph Vazquez
    New York Times economics columnist Paul Krugman made another damning admission this past week about his sordid record analyzing economics as inflation continues to bite chunks out of Americans’ wallets. Krugman conceded in a June 23 op-ed that “[i]n 2021, U.S. policymakers, like many economists, myself included, badly underestimated inflation risks.” But Krugman attempted to shield his loss by wokescolding analysts who predicted economic calamity arising from President Joe Biden’s leftist stimulus policies. “Sado-monetarism is having a moment,” Krugman wrote. “[S]uch people have just had a good year: the inflation they’ve always warned about finally materialized.” Krugman defined his arbitrary...
  • NYT’s Paul Krugman Triggered That Voters Blame Biden for Sky-High Inflation

    06/06/2022 8:10:57 AM PDT · by JV3MRC · 23 replies
    NewsBusters ^ | 6/6/2022 | Joseph Vazquez
    New York Times economics columnist Paul Krugman continued his downward spiral into parody by letting voters know he’s triggered over them blaming President Joe Biden for the inflation monster eating their wallets. Krugman’s latest drivel harrumphed that “[v]oters don’t care about economists’ estimates of underlying inflation.” Instead, mourned Krugman, “they care about the prices they pay, especially the prices of highly salient goods they buy on a regular basis.” Krugman pivoted off of a bad European inflation report to lecture Americans that the “lesson” was that “these are precisely the prices over which President Biden, or actually any president, has...
  • Paul Krugman Shows He Still Doesn’t ‘Understand What the Hell Has Been Going on’ with Inflation

    03/29/2022 9:38:16 AM PDT · by JV3MRC · 23 replies
    NewsBusters ^ | 3/29/2022 | Joseph Vazquez
    New York Times economist Paul Krugman seems to be a glutton for punishment to his already pathetic track record of atrocious economic predictions. Krugman is back trying to gaslight Americans over the 40-year high inflation crisis — again — in an op-ed headlined, “How High Inflation Will Come Down.” Krugman gave credence to the asinine view of the Federal Reserve that “high inflation will be a temporary phenomenon. Furthermore, the Fed believes that it can bring inflation down relatively painlessly.” Even Krugman needed to slightly hedge from that ridiculous position: “The landing probably won’t be as soft as the Fed...
  • How Not to Have a Putin Recession

    03/15/2022 3:12:19 PM PDT · by conservative98 · 23 replies
    New York Times ^ | March 14, 2022 | PAUL KRUGMAN
    Kevin McCarthy, the Republican House minority leader, said something cynical and transparently dishonest the other day. To be fair, that’s sort of an evergreen remark; you could have said the same thing about him just about any week over the past few years. But this particular statement seemed important, because it involved a lie that has a direct bearing on how America will respond to Russia’s invasion of Ukraine. Here’s what McCarthy tweeted: “These are not Putin gas prices. They are President Biden gas prices.” Now, that’s just false. You can argue about how much responsibility Biden’s policies bear for...
  • Freedumb: Krugman Condemns Canadian Truckers While Downplaying BLM Violence

    02/15/2022 9:04:25 AM PST · by JV3MRC · 12 replies
    NewsBusters ^ | 2/15/2022 | Joseph Vazquez
    New York Times economist Paul Krugman spewed bile at the so-called “vandalism” by Canadian truckers protesting the country’s draconian COVID-19 policies. He did this while dismissing the 2020 Marxist Black Lives Matter riots across the U.S. that reportedly caused at least around $2 billion in damages. Krugman flailed that the Canadian truckers were engaged in “economic vandalism and intimidation,” and compared the movement to “a slow-motion Jan. 6, a disruption caused by a relatively small number of activists, many of them right-wing extremists.” His hyperbole-laced rant of an op-ed, headlined “When ‘Freedom’ Means the Right to Destroy,” buried the extent...
  • When ‘Freedom’ Means the Right to Destroy

    02/15/2022 4:14:08 AM PST · by Kriggerel · 22 replies
    New York Times ^ | February 15, 2022 | Paul Krugman
    ...So this isn’t a grass-roots trucker uprising. It’s more like a slow-motion Jan. 6, a disruption caused by a relatively small number of activists, many of them right-wing extremists. At their peak, the demonstrations in Ottawa reportedly involved only around 8,000 people, while numbers at other locations have been much smaller.
  • VIDEO: The Same Krugman Who Said He Was ‘Wrong’ on Inflation Now Says 40-Year High Inflation ‘Not a Crisis’

    02/14/2022 10:13:20 AM PST · by JV3MRC · 26 replies
    NewsBusters ^ | 2/14/2022 | Joseph Vazquez
    New York Times economist Paul Krugman must be a glutton for punishment. He’s gone from spending months downplaying the surging inflation threat, to admitting he was wrong on inflation, to now dismissing it altogether as a crisis. Krugman appeared on the Feb. 11 edition of Bloomberg TV’s Balance of Power to discuss how the Federal Reserve shouldn’t use “shock therapy” when it comes to finally raising interest rates from zero. After conceding that there was “underlying overheating” in the economy that demands the Fed consistently raise rates to fight off inflation, Krugman then spiraled into spewing utter nonsense: “It’s not...