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It was most enjoyable seeing Paul Krugman throw yet another temper tantrum because people smarter than he is are mounting a successful effort to stop bad policies he happens to support.
To Krugman an effort to oppose a policy he supports is evidence of vast conspiracies (right wing and otherwise), medieval thought processes and/or ironically enough bitter people lashing out.
Paul, you really should look up the word "projection". It will help you understand all those feelings you've been having since the 2000 election.
Current Mood : amused 
Tags : hypocrisy, paul krugman
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Don't you get tired of him being wrong so often about so many things?
I mean, sure, in his role with the Ministry of Propaganda he has to say what they tell him to say but he's looking more and more like Baghdad Bob every day.
Current Mood : amused
Tags : paul krugman
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Details at Poor and Stupid.
It has become obvious to everyone that Krugman long ago stopped caring that he would be proven wrong on almost everything he says. He is simply spouting talking points to the gullible masses his employers are targeting. Lying is simply part of his job description.
Current Mood : amused
Tags : big lie, paul krugman
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Paul Krugman is once again railing against free markets. He is again claiming that free markets and health care do not mix.
Krugrman is wrong. Take for example the situation for the ultra-wealthy, who can pick and choose when and where to go for health care and pay cash (and usually self-insure): there really aren't any services they can't obtain.
Another market that works well is the "over the counter" medication market. Prices are driven downward by competition and generics and companies must either build brand loyalty or compete on price/performance. My Kroger generic allergy medicine is 1/10th the cost of Zyrtec, for example, and works just as well.
Show me a bureaucracy (government or private) that can achieve costs savings of 90%!
Krugman's other claims are wrong as well. The "uncertainty" about health care needs is only on a personal level. The providers don't deal with us as individuals but as large groups which do experience a need for services on a predictable level. His bread example is a bad one: we each desire bread on differing levels but as a group we purchase it at predictable levels.
As for "must be purchased with insurance" that's also hooey. We over-insure, asking insurance to pay for things that should be out of pocket expenses. We don't expect our home insurance to pay for paint or light bulbs or our car insurance to cover gasoline or oil changes yet we expect health insurance to cover everything, sometimes, as even Obama is claiming is good thing, with no copayment whatsoever.
His claim that we don't rely on word of mouth for medical care is simply not credible. The first thing a (reasonable) person does when looking for a (new) doctor is ask their friends and family and coworkers who they go to. It's not like health care professionals (are allowed to) advertise! Yet Krugam expects people to believe that we would eschew advice from people we know and trust yet happily receive orders from a government bureaucrat about who to see and when to see them? Seriously? We're not that stupid, and neither is he. (Despite all appearances.)
The current situation removes the doctor-patient link in establishing cost of services and forces a third party to bargain with a health care provider using arbitrary standards. Removing that roadblock (again through freer markets) and relying on insurance as insurance and not an attempt to normalize costs across a population will go a great distance toward rectifying that situation. There's a reason why all other businesses post their prices. Heck, even lawyers do it. :P
Ironically, Krugman's Nobel Prize is for detailing how free market trading, even among nations, allows for specialization and efficiency. Funny how that no longer works if the subject is health care, eh?
Current Mood : amused
Tags : economics, free market, health care, paul krugman
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Remember when the Democrats pretended to be worried about $1 trillion in debt?
Remember when the Democrats pretended to be worried about the paltry deficits of the Bush era?
Too bad, because deficits are so yesterday! Today's Democrat knows that deficits don't matter. After all, if someone like Paul Krugman, who used to rant and rave about Bush's deficits bringing about disaster, is not worried about Obama's significantly higher deficits (six times as much!) then why should we worry? (And Obama isn't even through spending for this year.)
Have I mentioned lately how good it is to be deeply into gold at this point?
Current Mood : amused
Tags : democrats, federal deficit, hypocrisy, obama administration, paul krugman
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All that is needed to refute this is to consider the source.
Krugman blaming anyone is like Enron trying to advise people on corporate accounting.
Oops, too close to home for former Enron adviser Paul Krugman?
Current Mood : amused
Tags : paul krugman, ronald w. reagan
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Certain leftists just can't help but be wrong at the wrong time in a huge way. So it is with Paul Krugman, famous for being wrong more often than any other person in history.
Yesterday, for example, Krugman was mocking Heritage for promoting lasers. Krugman avoided the salient point: whether lasers can be used effectively and simply went for a laugh (perhaps he's in close communication with Al Franken?) by citing Austin Powers in an attempt to mock Heritage about lasers. (Really!)
Then today this article appears, pointing out a breakthrough in laser technology.
SAN FRANCISCO (AFP) – A US weapons lab on Friday pulled back the curtain on a super laser with the power to burn as hot as a star.
The National Ignition Facility's main purpose is to serve as a tool for gauging the reliability and safety of the US nuclear weapons arsenal but scientists say it could deliver breakthroughs in safe fusion power.
"We have invented the world's largest laser system," actor-turned-governor Arnold Schwarzenegger said during a dedication ceremony attended by thousands including state and national officials.
"We can create the stars right here on earth. And I can see already my friends in Hollywood being very upset that their stuff that they show on the big screen is obsolete. We have the real stuff right here."
Wouldn't you really hate to be Paul Krugman right now? Well, heck, any time at all for that matter!
Current Mood : amused
Tags : paul krugman, science
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Paul Krugman sure is having trouble with his economic stances ever since he sold his soul to the Democrats.
All those tirades about the "awful" Bush budget deficits left a wealth of material to point to when he did an about face and claimed the Obama deficits, which are at least three times worse than the worst of Bush's budgets, are no problem whatsoever.
Krugman's explanation? "This is different." His claim was that there was a "global savings glut" (what?) and that there would thus not be any ill-effects from Obama's incredible deficits, especially not higher inflation.
Well guess what we have? Yep, higher inflation. The T-bill yield on 30-year notes is up 61% in just a few months. Remarkably, that corresponds to the period of time that Obama has been spending like he's been offered a "super affordable adjustable rate mortgage!" for a home he can't afford.
It will be amusing to see the lengths to which Krugman contorts reality in an attempt to explain this away. (Other than simply denying there is any inflation, which he apparently did yesterday!)
Current Mood : amused
Tags : inflation, paul krugman
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I'll be happy to take the same bet from any suckers liberals out there!
Team Obama says that real GDP in 2013 will be 15.6 percent above real GDP in 2008. (That number comes from compounding their predicted growth rates for these five years.) So, Paul, are you willing to wager that the economy will meet or exceed this benchmark? I am not much of a gambler, but that is a bet I would be happy to take the other side of (even as I hope to lose, for the sake of the economy).
I think we all know the dismal state of Krugman's predictive powers. I doubt anyone, including the master snake oil salesman himself, will accept this bet.
Current Mood : amused
Tags : economic growth, greg mankiw, paul krugman
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Paul Krugman, et al, have been claiming that "free markets" (i.e., companies not linked to the government) were primarily (if not wholly) responsible for the current financial scandals revolving around subprime loans.
However, the folks at Option Armageddon expose the myth.
Fannie Mae and Freddie Mac engaged in “an orgy of junk mortgage development” that turned the two mortgage-finance giants into vast repositories of subprime and similarly risky loans, a former Fannie executive testified on Tuesday…
The former executive, Edward J. Pinto, who was chief credit officer at Fannie Mae, [said] that the mortgage giants now guarantee or hold 10.5 million nonprime loans worth $1.6 trillion — one in three of all subprime loans, and nearly two in three of all so-called Alt-A loans, often called “liar loans.”…
Such loans now make up 34 percent of the total single-family mortgage portfolios at Fannie Mae and Freddie Mac, a level that will link them to eight million foreclosures, or one in six, in coming years.
So much for "it's all the free market's fault!" If we had a free market all those companies would be bankrupt and not taking taxpayers for hundreds of billions in bailout money.
Current Mood : busy 
Tags : banking, big lie, economy, paul krugman, scandals
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Paul Krugman is predicting that the domestic auto manufacturing industry will die off. He points to his own research (you know, before he sold his soul to pimp for liberals in the NY Times) about how some regions will specialize in production and trade as a reason why this will happen.
Left unsaid is the fact that his pimping for liberals and their policies on labor has encouraged the development of a situation where it is unprofitable for companies based in the US to make cars here.
And they give away Nobel prizes for that these days....
Current Mood : ammoyed 
Tags : economy, liberals, paul krugman
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I'm not surprised the committee admitted it was an award given for "earlier" work. All Krugman has done for the past ten years is lie about Republicans and their policies.
Current Mood : revolted 
Tags : paul krugman
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This guy is worse than Joe Biden when it comes to self-debunking:
PAUL KRUGMAN
Okay, not as many as I thought. Okay, of those of you who are not on the panel who are Canadians, how many of you think you have a terrible health care system. [PAUSE] One, two—
JOHN DONVAN
We see—almost all of the same hands going up. [LAUGHTER]
PAUL KRUGMAN
Bad move on my part. [APPLAUSE]
That's what happens when you stop being an economic and start being a shill for the Democrats!
Current Mood : amused
Tags : paul krugman
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Bill O'Reilly turns Paul Krugman into the Black Knight.
Krugman’s the liar, not O’Reilly. It’s just too bad O’Reilly didn’t have a quotation at hand to prove it. Among dozens of possible examples, Krugman wrote in his April 22, 2003, New York Times column that
Aside from their cruelty and their adverse effect on the quality of life, these cuts will be a major drag on the national economy. … it’s clear that the administration’s tax-cut obsession isn’t just busting the budget; it’s also indirectly destroying jobs by preventing any rational response to a weak economy.
O’Reilly followed up by cleverly asking Krugman — since Krugman was claiming not to have predicted a deeper recession after the tax cuts — whether he instead predicted the economic growth of the last year? Krugman was so flustered — no doubt knowing he was checkmated — that he stammered out this remarkable confession:
Compare me … compare me, uh, with anyone else, and I think you’ll see that my forecasting record is not great.
Read the full transcript for even more fun!
It warms my heart to see Krugman finally matched with someone who calls him on his lies.
Current Mood : amused
Tags : bill o'reilly, paul krugman
Location : Ohio
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Paul Krugman, who long ago stopped pretending to be an economist, yaps that Milton Friedman is to blame for your recently rotten tomatoes.
Real economists skewer him with data.
That must have been quiet a deal Krugman struck with the devil Democrats. He's had to endure being exposed as a fraud ever since.
Current Mood : amused
Tags : paul krugman, scandals
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Again? Geez. He should really get a new act, right?
What about this time? Ronald Reagan? Again? Holy cow, someone is obsessed!
Yes, our favorite "I sold my soul to the Democrats" opinionist is at it again, trying to rewrite the history of the Reagan Era.
I'll reduce his shrill claims to a nice table for your convenience.
| Krugman's lie | The truth |
|---|
| The economy under Reagan was a "failure" and a "one-hit wonder" | The Reagan economy set a record for peacetime expansions, lasting almost the entire duration of his two terms and averaging growth higher than any expansion since then. |
| Poverty increased. | Poverty decreased. |
| The economy didn't recover until 14 years after the 1981 tax cuts. | The economy went from recession to expansion sixth months after Reagan's tax cuts were passed by Congress. |
| Incomes were "barely" higher when Reagan left office. | Median household income increased from $27,425 in 1981 to $30,468 in 1989 (constant dollars), an increase of 11% after inflation. |
Sources: The President Reagan Information Page and the JEC report Taxes and Long-Term Economic Growth
Krugman lies so often I should just make this a recurring post!
Current Mood : amused
Tags : paul krugman, ronald w. reagan
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