Paul Krugman, Nobel Prize winning ‘economist’, far to the left of John Maynard Keynes, won Trump’s Fake News Awards for the biggest whopper of the year: “The Economy will never recover from Trump’s election!”
Cartoon by Ben Garrison
Once upon a time, there was a
Communist Democrat from Delaware who called himself ‘a bearded Marxist.’ The New York Times plays host (because no serious outlet would have him) to the bearded Marxist Economist, Paul Krugman, the man for whom no amount of government spending (and regulation) is ever enough. This genius believes that OBAMA did not spend enough, so we shouldn’t be surprised if he thought the anti-Obama candidate would crash the economy. Trouble is that Krugman is so wrong, so often, that even a broken clock is right more frequently.
In 2017, reduced regulation, an improving business climate, and real tax cuts, literally consigned Krud-man’s prediction to the trash heap of history. Unfortunately, like so many statist ‘economists’, he still has his job, but then, accuracy was never a requirement at the NYT. Even Keynes would laugh at Krud-man, because Keynes believed in government running a surplus during good times and using deficit spending during recessions: Modern
Communists Democrats believe in deficit spending in good times, and even more deficit spending during bad times, which leads directly to Jimmy Carter MALAISE.
Good Riddance to Obama’s policies and Krud-man’s credibility!