How many times do the Trump haters get to be wrong
and still get paid (or invited on CNN)?
If Mark Zuckerberg is going to ban anyone he should delete the paid advertisement that comes across our Facebook feed here at the Policy Werkes: “Paul Krugman teaches economics.”
The man shouldn’t teach school recess. This New York Times columnist is a clock with no hands; he’s not even right twice a day. Your average on-line palm reader is more clairvoyant.
Stand aside, Hillary Clinton. Donald Trump is living rent-free in Paul Krugman’s head, so blinded is his hatred.
Krugman, Nobel-winning economist, got Donald Trump very wrong in what is supposed to be the columnist’s wheelhouse: economics. In October 2016, a month before the presidential election, Krugman peered into his economic crystal ball and saw this static:
“If the unlikely event happens and Trump wins, you will see a market crash of historic proportions, I think. … (The markets) are terrified of him.”
After the voters had decided, Krugman doubled down.
“So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.”
So records Charles Gasparino in the NY Post in “Experts predicted economic Armageddon under Trump — where are they now?” (H/T Ann of Althouse)
Some economic recession!
To refresh our memories, the stock market took off like a sky rocket immediately after the election.
The market, as measured Friday (05-04-19) by Morningstar’s broad U.S. market index, has returned a hearty 14.95% over the last three years, 17.08% as measured by the Dow Jones industrial average.
The economic numbers released Friday show the U.S. economy added 263,000 jobs in April, while the unemployment rate dropped from 3.8% to 3,6% — the lowest since December 1969. Average hourly wage growth rose 3.2% on an annual basis.
Forbes observes that Household debt of equivalent income was over 144% 10 years ago and is now at 99%, according to Federal Reserve data.
Krugman is no economist (here he is calling for a housing bubble several years before the collapse of 2008-09); he is the rankest partisan. Give him his bucket of Kentucky Fried. A sampler of his recent columns:
- “Survival of the Wrongest; Evidence has a well-known liberal bias” (written apparently without irony or self-awareness)
- “The Great Republican Abdication; a party that no longer believes in American values”
- “Republicans Are the Real Extremists; Conspiracy theorists and enemies of democracy”
- “The incredible shrinking Trump boom” (this on 3-30-19!) and his pièce de résistance:
- “Donald Trump Is Trying to Kill You.”
Blaska’s Bottom Line: Just remember that when our friends at The Capital Times quote Krugman as if he were Paul writing to the Ephesians. BTW: Was that James Clapper we saw last night (05-04-19) on Anderson Cooper? Yes it was! Some intelligence chief!