Paul Krugman Steps In It (Again)

Another Fail by the Left’s “economist” (see my TAG for all the posts on Krugman via RPT) — via TWITCHY.

OTHER FAILED PREDICTIONS (short list):

Remember when Nobel Laureate economist Paul Krugman made the call two and a half years ago now that global stock markets would collapse because of newly elected President Trump? The political novice and general societal delinquent would trigger a recession, Krugman wrote in The New York Times. The only thing triggered was Krugman himself and countless others who have been predicting the Apocolypse since November 2016(FORBES)

Even if he’s a one-term president, Trump will have caused, directly or indirectly, the premature deaths of a large number of Americans. Some of those deaths will come at the hands of right-wing, white nationalist extremists, some will come from failures of governance, like the inadequate response to Hurricane Maria. Some will come from the administration’s continuing efforts to sabotage Obamacare. BUT THE BIGGEST DEATH TOLL IS LIKELY TO COME FROM TRUMP’S AGENDA OF DEREGULATION.

Yes, doomsday is truly upon us. We’re all being led to the slaughter by a tangerine-hued Antichrist. An evil scum-bucket hellbent on putting lead in our tap water and denying us the skyrocketing premiums under Obamacare. This is all our fault for having to audacity to believe in individual rights.

According to lefties like Krugman, a centralized government is the only thing which can save us from ourselves. We must dispense of our individual desires and prostrate ourselves at the altar of the almighty state. I don’t think I’ve ever seen a more wimptastic doucheburrito dying to be told what to do (STEVEN CROWDER)

Krugman predicted in 1998 that the Internet would have little effect on the economy and commerce, with “no greater impact than the fax machine”. That’s Paul, always out for laughs, endless entertainment.

In 2003, he claimed California’s taxes are “now probably below average”, when California’s taxes were then ranked eighth-highest among 50 states, and headed higher. In 2010, Krugman falsified a quote by Newt Gingrich, deceived his readers about Obamacare by misrepresenting data contained in a report he quoted, and in 2011 praised Veterans Affairs Administration as a triumph of “socialized medicine”. Krugman ignored the glaring truth about U.S. debt in 2014 by calling it “distinctly non-alarming”.

When America’s oil-fracking industry started up, he predicted that the U.S. was going to be “just a bystander” in global energy markets. In 2012, “Wrong-Way” Krugman opined that the soon-to-default economy of Argentina will be “a remarkable success story”. He predicted in 2015, “the Puerto Rico story is one (that will) fall well short of utter disaster”, and said what will save their economy is “the saving grace (of) big government” (BIZPIC)

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