Paul Krugman Actually Thinks His Readers Can’t Tell Which Party He Favors

Paul Krugman must definitely be up there as one of the leaders when talking about delusional liberals.

as a Times columnist, I can’t do endorsements, so you have no idea which party I favor in general electionsn -Paul Krugman


Paul Krugman Actually Thinks His Readers Can’t Tell Which Party He Favors

by Joe Concha | 5:13 pm, January 1st, 201516

Screen-Shot-2015-01-01-at-4.56.34-PM-650x242.png


If you were to guess which candidates Paul Krugman of the New York Times favored over the past 11 elections since becoming eligible to vote back in 1971, almost anyone would say the list reads like this:

1972 – McGovern
1976 – Carter
1980 – Carter
1984 – Mondale
1988 – Dukakis
1992 – Clinton
1996 – Clinton
2000 – Gore
2004 – Kerry
2008 – Obama
2012 – Obama



As a random coincidence, the New York Times has endorsed all of those Democratic candidates as well during that time. No issue there: the paper is liberal, as are many of its columnists, with Nobel winner and Princeton Economics Professor Paul Krugman being its most hard-left op-ed writer. (Note: the hard-left characterization isn’t a criticism, it’s just who the 61-year-old Yale and MIT graduate is. In fact, he even titled one of his 20 books and his New York Times blog: The Conscience of a Liberal. )

All of that said, it is patently hilarious to see Krugman trot out this line to the follow-up-question-challenged Ezra Klein in a recent interview in Vox when previewing the 2016 election (emphasis mine):

But I don’t think Hillary Clinton is going to try and make it 1999 again. I remember in 2008 —as a Times columnist, I can’t do endorsements, so you have no idea which party I favor in general elections — but I was skeptical of Obama at a time when a lot of people on the Left were very, very high on him.

Yup, we have zero clue which party Krugman favors in a general election. It’s almost a crime to think we have to wait 22 months before getting a decent idea if Hillary Clinton or Elizabeth Warren will receive positive ink, or if John Kasich orJeb Bush or Ted Cruz or Rand Paul or Mitt Romney (or insert name here) will receive a pat on the back. So let’s go back and look at the most recent contest between President Obama and the aforementioned Romney, as perhaps he wrote an op-ed somewhere that may have tipped whether he was voting Democratic or Republican leading up to that November:

On the GOP challenger (one of 534 criticisms by Krugman that year): “Mitt Romney isn’t seeking a debate on the issues; on the contrary, he’s betting that your gullibility and vanity will let him avoid a debate on the issues, including the issue of his own fitness for the presidency.

Yup, hard to tell there. So what did he think of Romney’s running mate, Paul Ryan?

“He is, in fact, a big fraud, who doesn’t care at all about fiscal responsibility, and whose policy proposals are sloppy as well as dishonest. Of course, this means that he’ll fit in to the Romney campaign just fine.”

Krugman must be one hell of a poker player, because it’s simply impossible to tell whether he’s wearing a blue or red uniform here. Sarcasm mercifully aside, the examples are endless through the years regarding which way he leans (OK — bends over backwards) to support a Democratic party his readers apparently can’t tell he supports. It’s no different from Rachel Maddow‘s line to Bill Maherwhen confronted to take a side on a particular issue: “Listen, my job is to cover these things, not to tell you how I like them or not.” Just like Rachel does exactly that (tell you how she likes them or not), Krugman does the same when it comes to presidential candidates in overwhelmingly obvious fashion. And while he’s shoveling this out, there’s the smartest guy in the room — just ask him — in the form of Ezra Klein who doesn’t even bother to even challenge him on it. Perhaps the echo during the discussion made it too hard to hear for the former Journolist founder to register the comment.

Journalism is more polarized than ever. Battle lines are drawn, sides are taken. And intelligence gets insulted when one member of one of its most prominent publications thinks you’re actually dumb enough to believe he’s somehow non-partisan.

http://www.mediaite.com/online/paul...-his-readers-cant-tell-which-party-he-favors/
 
krugman is the warning sign of what is happening to academia.


Yeah exactly, they are all blinded by their own bias, and they dont even think it exists, they simply believe that their viewpoints are the correct ones, and that they represent the middle of the road.
 
Paul Krugman must definitely be up there as one of the leaders when talking about delusional liberals.

as a Times columnist, I can’t do endorsements, so you have no idea which party I favor in general electionsn -Paul Krugman

Paul Krugman Actually Thinks His Readers Can’t Tell Which Party He Favors
by Joe Concha | 5:13 pm, January 1st, 201516

Screen-Shot-2015-01-01-at-4.56.34-PM-650x242.png


If you were to guess which candidates Paul Krugman of the New York Times favored over the past 11 elections since becoming eligible to vote back in 1971, almost anyone would say the list reads like this:

1972 – McGovern
1976 – Carter
1980 – Carter
1984 – Mondale
1988 – Dukakis
1992 – Clinton
1996 – Clinton
2000 – Gore
2004 – Kerry
2008 – Obama
2012 – Obama



As a random coincidence, the New York Times has endorsed all of those Democratic candidates as well during that time. No issue there: the paper is liberal, as are many of its columnists, with Nobel winner and Princeton Economics Professor Paul Krugman being its most hard-left op-ed writer. (Note: the hard-left characterization isn’t a criticism, it’s just who the 61-year-old Yale and MIT graduate is. In fact, he even titled one of his 20 books and his New York Times blog: The Conscience of a Liberal. )

All of that said, it is patently hilarious to see Krugman trot out this line to the follow-up-question-challenged Ezra Klein in a recent interview in Vox when previewing the 2016 election (emphasis mine):

But I don’t think Hillary Clinton is going to try and make it 1999 again. I remember in 2008 —as a Times columnist, I can’t do endorsements, so you have no idea which party I favor in general elections — but I was skeptical of Obama at a time when a lot of people on the Left were very, very high on him.

Yup, we have zero clue which party Krugman favors in a general election. It’s almost a crime to think we have to wait 22 months before getting a decent idea if Hillary Clinton or Elizabeth Warren will receive positive ink, or if John Kasich orJeb Bush or Ted Cruz or Rand Paul or Mitt Romney (or insert name here) will receive a pat on the back. So let’s go back and look at the most recent contest between President Obama and the aforementioned Romney, as perhaps he wrote an op-ed somewhere that may have tipped whether he was voting Democratic or Republican leading up to that November:

On the GOP challenger (one of 534 criticisms by Krugman that year): “Mitt Romney isn’t seeking a debate on the issues; on the contrary, he’s betting that your gullibility and vanity will let him avoid a debate on the issues, including the issue of his own fitness for the presidency.

Yup, hard to tell there. So what did he think of Romney’s running mate, Paul Ryan?

“He is, in fact, a big fraud, who doesn’t care at all about fiscal responsibility, and whose policy proposals are sloppy as well as dishonest. Of course, this means that he’ll fit in to the Romney campaign just fine.”

Krugman must be one hell of a poker player, because it’s simply impossible to tell whether he’s wearing a blue or red uniform here. Sarcasm mercifully aside, the examples are endless through the years regarding which way he leans (OK — bends over backwards) to support a Democratic party his readers apparently can’t tell he supports. It’s no different from Rachel Maddow‘s line to Bill Maherwhen confronted to take a side on a particular issue: “Listen, my job is to cover these things, not to tell you how I like them or not.” Just like Rachel does exactly that (tell you how she likes them or not), Krugman does the same when it comes to presidential candidates in overwhelmingly obvious fashion. And while he’s shoveling this out, there’s the smartest guy in the room — just ask him — in the form of Ezra Klein who doesn’t even bother to even challenge him on it. Perhaps the echo during the discussion made it too hard to hear for the former Journolist founder to register the comment.

Journalism is more polarized than ever. Battle lines are drawn, sides are taken. And intelligence gets insulted when one member of one of its most prominent publications thinks you’re actually dumb enough to believe he’s somehow non-partisan.

http://www.mediaite.com/online/paul...-his-readers-cant-tell-which-party-he-favors/

Paul Krugman belongs to the let's party party, Also known as the Keynesian party. Max those credit cards out and when they hit their limit go to daddy the Federal Reserve and ask for more money.

As a disciple of Keynes his economics says lower interest rates to zero or lower and when that fails increase government spending to ward off the economic bad times. And that is Keynesian/Krugman economics in a nutshell. The theory is delusional just like Krugman. Think of Krugman as the grasshopper in Aesop's story about the The Ant and the Grasshopper.

So you can always figure out which party Krugman is at by which one advocates more government stimulation/bubbles for the economy to improve it. I suspect he applied this same talent in college by going to which ever party was serving the most booz.
 
Economist Jeffery Sachs gives a good overview of the effects of so called "fiscal austerity" and why we need to stop chronic budget deficits.

What Paul Krugman got wrong on the Obama recovery
http://www.marketwatch.com/story/wh...bama-recovery-2015-01-05?mod=mw_share_twitter

For several years, and often several times a month, the Nobel laureate economist and New York Times columnist Paul Krugman has delivered one main message to his loyal readers: Deficit-cutting “austerians” (as he calls advocates of fiscal austerity) are deluded.

Fiscal retrenchment amid weak private demand would lead to chronically high unemployment. Indeed, deficit cuts would court a reprise of 1937, when Franklin D. Roosevelt prematurely reduced the New Deal stimulus and thereby threw the U.S. back into recession.

Well, Congress and the White House did indeed play the austerian card from mid-2011 onward. The federal budget deficit has declined from 8.4% of gross domestic product in 2011 to a predicted 2.9% of GDP for all of 2014. And, according to the International Monetary Fund, the structural deficit (sometimes called the “full-employment deficit”), a measure of fiscal stimulus, has fallen from 7.8% of potential GDP to 4% of potential GDP from 2011 to 2014.

Krugman has vigorously protested that deficit reduction has prolonged and even intensified what he repeatedly calls a “depression” (or sometimes a “low-grade depression”). Only fools like the United Kingdom’s leaders (who reminded him of the Three Stooges) could believe otherwise.

Yet, rather than a new recession, or an ongoing depression, the U.S. unemployment rate has fallen from 8.6% in November 2011 to 5.8% in November 2014. Real economic growth in 2011 stood at 1.6%, and the IMF expects it to be 2.2% for 2014 as a whole. GDP in the third quarter of 2014 grew at a vigorous 5% annual rate, suggesting that aggregate growth for all of 2015 will be above 3%.


(More at above url)
 
Economist Jeffery Sachs gives a good overview of the effects of so called "fiscal austerity" and why we need to stop chronic budget deficits.

What Paul Krugman got wrong on the Obama recovery
http://www.marketwatch.com/story/wh...bama-recovery-2015-01-05?mod=mw_share_twitter

For several years, and often several times a month, the Nobel laureate economist and New York Times columnist Paul Krugman has delivered one main message to his loyal readers: Deficit-cutting “austerians” (as he calls advocates of fiscal austerity) are deluded.

Fiscal retrenchment amid weak private demand would lead to chronically high unemployment. Indeed, deficit cuts would court a reprise of 1937, when Franklin D. Roosevelt prematurely reduced the New Deal stimulus and thereby threw the U.S. back into recession.

Well, Congress and the White House did indeed play the austerian card from mid-2011 onward. The federal budget deficit has declined from 8.4% of gross domestic product in 2011 to a predicted 2.9% of GDP for all of 2014. And, according to the International Monetary Fund, the structural deficit (sometimes called the “full-employment deficit”), a measure of fiscal stimulus, has fallen from 7.8% of potential GDP to 4% of potential GDP from 2011 to 2014.

Krugman has vigorously protested that deficit reduction has prolonged and even intensified what he repeatedly calls a “depression” (or sometimes a “low-grade depression”). Only fools like the United Kingdom’s leaders (who reminded him of the Three Stooges) could believe otherwise.

Yet, rather than a new recession, or an ongoing depression, the U.S. unemployment rate has fallen from 8.6% in November 2011 to 5.8% in November 2014. Real economic growth in 2011 stood at 1.6%, and the IMF expects it to be 2.2% for 2014 as a whole. GDP in the third quarter of 2014 grew at a vigorous 5% annual rate, suggesting that aggregate growth for all of 2015 will be above 3%.


(More at above url)

Hello gwb-trading:

Thanks for your post. I read the Sachs article. Sachs does give some excellent criticisms of Krugman, for example saying about Krugman:

“The recovery, according to Krugman, has come not despite the austerity he railed against for years, but because we “seem to have stopped tightening the screws: Public spending isn’t surging, but at least it has stopped falling. And the economy is doing much better as a result.”

That is an incredible claim. The budget deficit has been brought down sharply, and unemployment has declined. Yet Krugman now says that everything has turned out just as he predicted.”


But then Sachs later says “Krugman is a great economic theorist — and a great polemicist. But he should replace his polemical hat with his analytical one...”

If our Nobel prize winning economist Krugman cannot analyse the economy correctly then there is nothing great about him. Kind of makes me wonder about Sachs too if he still thinks Krugman is a great economic theorist after so clearly criticizing Krugman’s delusional fantasies about how economics works.
 
I love this bit:

"Yet, rather than a new recession, or an ongoing depression, the U.S. unemployment rate has fallen from 8.6% in November 2011 to 5.8% in November 2014. Real economic growth in 2011 stood at 1.6%, and the IMF expects it to be 2.2% for 2014 as a whole. GDP in the third quarter of 2014 grew at a vigorous 5% annual rate, suggesting that aggregate growth for all of 2015 will be above 3%."

When we're criticizing Krugman the data is valid, but when we're praising Obama (or the stimulus, or the Fed) the same data is "cooked".
 
they are both off base. this economy is not better for the people by any significant measure.

the economy may have grown in mostly nominal nominal terms because the the massive inflation and low interest caused by the fed electronically printing trillions of dollars and buying bonds.

in good jobs terms, the economy still sucks.
in terms of growing opportunity for all... we really have not seen that type of economy since Reagan or Clinton.

we should be cutting or eliminating income taxes on companies and the 99.5%. And letting the economy boom on its own.
We should therefore not penalize anyone from working.

we should have policies to encourage private sector manufacturing jobs and national security.
we should not be importing labor to compete against our own.
 
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