Paul Krugman is an Idiot

September 11, 2011
By

Krugman’s contribution to the 10th anniversary 9/11 observations is this predictably despicable screed. This man should be forced to resign, even from the New York Times. In his paradoxically titled blog, The Conscience of a Liberal, he proves that he has no conscience at all. He is actually living proof of my previous post.

The Years of Shame

Is it just me, or are the 9/11 commemorations oddly subdued?

Actually, I don’t think it’s me, and it’s not really that odd.

What happened after 9/11 — and I think even people on the right know this, whether they admit it or not — was deeply shameful. The atrocity should have been a unifying event, but instead it became a wedge issue. Fake heroes like Bernie Kerik, Rudy Giuliani, and, yes, George W. Bush raced to cash in on the horror. And then the attack was used to justify an unrelated war the neocons wanted to fight, for all the wrong reasons.

A lot of other people behaved badly. How many of our professional pundits — people who should have understood very well what was happening — took the easy way out, turning a blind eye to the corruption and lending their support to the hijacking of the atrocity?

The memory of 9/11 has been irrevocably poisoned; it has become an occasion for shame. And in its heart, the nation knows it.

I’m not going to allow comments on this post, for obvious reasons.

I’ll tell you the main reason that there are no comments allowed, he is a fool and a coward.

Via Drudge.

Please comment here.

60 Responses to Paul Krugman is an Idiot

  1. Mad Dog on September 13, 2011 at 4:36 am

    As I predicted, our little MikeyW (better known as Sky King, the nonveteran poster/poseur), had no response to any of the following:

    9.2% — unemployment rate for June.

    0.1% — increase since May.

    16.2% — underemployment rate for June.

    0.4% — increase since May.
    8% — conventional wisdom for the maximum allowable unemployment rate to win reelection.

    15 — remaining BLS reporting months before Election Day.

    255,000 — net jobs that must be created each and every month to reach 8%.

    18,000 — net jobs created last month.

    44,000 — downward revision to April and May job creation.

    3,825,000 — total net jobs needed before Election Day.

    2,100,000 — jobs created in the last fifteen months.

    11.2% — unemployment rate if the labor participation rate was as high as it was in January, 2009.

    290,000 — best monthly net jobs gain during Obama administration.

    231,000 — real best gain, minus temporary Census hiring.

    14 — months since best monthly gain.

    1% — decrease in DJIA in the opening minute of trading, day that jobs figures released.

    $1,200,000,000,000 — cost of ARRA “stimulus,” with interest.

    1,900,000 — net jobs lost since ARRA was signed.
    2 — quantitative easing programs since 2008.

    $2,000,000,000,000 — total of first QE program during Great Recession.

    $600,000,000,000 — total of second QE program, just ended.

    40% — increase in federal debt since January, 2009.

    30% — increase in annual federal spending since January, 2009.

    20% — decrease in federal revenues since January, 2009.

    12% — decline in value of US dollar since January, 2009.

    37% — increase in number of Americans on food stamps since January, 2009.

    62% — increase in Misery index since January, 2009.

    800 — days since the Senate passed a budget.

    1.9% — last quarterly GDP increase.

    2.5% — consensus projection for last quarterly GPD increase.

    2.7% — official White House projection.

    3.0% or better — GDP growth needed to dent unemployment.

    3.6% — official White House GDP growth projection for 2012.

    2.7% — IMF GDP growth projection for 2012.

    30% — federal debt held by public as percentage of GDP, 2005.

    60% — federal debt held by public as percentage of GDP, 2010.

    180% — federal debt held by public as percentage of GDP, CBO estimate, 2035.

    0% — odds of current path being sustainable.

    Consider the results thus far of the Obama presidency:
    Two million-private sector jobs have been lost.
    Unemployment jumped from 7.8 to 9.2 percent with a simply terrible 2011 first-quarter economic growth rate of just 0.4 percent.
    A record 1 in 7 Americans is on food stamps.
    Gasoline prices more than doubled, from $1.83 to $3.74 per gallon.
    National debt increased 35 percent, to $14.5 trillion, or $137,000 for each taxpayer.
    National unfunded liabilities increased 47 percent, to $114.9 trillion, or a cool $1 million for each taxpayer (and this does not yet include Obamacare).
    America is on the verge of losing its AAA credit rating.
    Some critics have trouble with even the most basic facts. George W. Bush was indeed president for eight years. But do Brown and her colleagues remember that Congress was fully controlled by Republicans just four of those eight years? The GOP ran the House from 2001 to 2007, Bush’s first six years in office, while Republicans only controlled the Senate from 2003 to 2007. (In Bush’s first three months, the Senate was divided 50-50 until the May 2001 defection of Republican Sen. James Jeffords gave Democrats control.)

    As far as tax cuts are concerned, Bush did indeed cut taxes for the wealthy — along with everybody else who paid income taxes. But does Brown remember that tax revenues actually increased in the years after the Bush tax cuts took effect?

    Revenues fell in Bush’s first two years because of a combination of the tech bust and the start of the tax cuts. But then things took off. After taking in $1.782 trillion in tax revenues in 2003, the government collected $1.88 trillion in 2004; $2.153 trillion in 2005; $2.406 trillion in 2006; and $2.567 trillion in 2007, according to figures compiled by the Office of Management and Budget. That’s a 44 percent increase from 2003 to 2007. (Revenues slid downward a bit in 2008, and a lot in 2009, when the financial crisis sent the economy into a tailspin.) “Everybody talks about how much the Bush tax cuts ‘cost,’” says one GOP strategist. “We’re saying, no, they led to a huge increase in revenue.”
    And deficits shrank. After beginning with a Clinton-era surplus in 2001, the Bush administration ran up deficits of $158 billion in 2002; $378 billion in 2003; and $413 billion in 2004. Then, with revenues pouring in, the deficits began to fall: $318 billion in 2005; $248 billion in 2006; and $161 billion in 2007. That 2007 deficit, with the tax cuts in effect, was one-tenth of today’s $1.6 trillion deficit.

    Deficits went up in 2008 with the beginning of the economic downturn — and, not coincidentally, with the first full year of a Democratic House and Senate.

    Finally, there’s the national debt. When Bush took office in January 2001, the debt was about $5.7 trillion, according to Treasury Department figures. When Bush was sworn in for his second term in January 2005, the debt stood at about $7.6 trillion. When Bush left office in January 2009, the debt was $10.6 trillion. He had increased the national debt almost $2 trillion in his first term and $3 trillion in his second, for a total increase of nearly $5 trillion over both terms. (Of that $3 trillion increase in Bush’s second term, $2 trillion came under a Democratic Congress.)

    The debt stood at $10.6 trillion when Barack Obama took office in January 2009. Now, it’s about $14.4 trillion. The president has increased the national debt nearly $4 trillion in his first two and a half years in office. By the time Obama finishes his first term, he will have increased the national debt by somewhere in the $5 trillion-to-$6 trillion range — more than Bush did in two terms.

    None of this is to say that George W. Bush had a good record on spending. He didn’t, and he’s fair game for criticism. But is it honest to condemn reckless spending in “eight years of Republican rule” when Democrats controlled the Senate for four of those years and the House for two? Is it honest to talk about the “cost” of the Bush tax cuts when federal revenues increased significantly while they were in effect? And is it honest to refer to Bush’s ballooning deficits when deficits actually trended down for much of his presidency — at least before Democrats won control of Congress?

    Records set on Obama’s watch so far (September, 2011)

    (1) U.S. soverign deabt downgrade—first in American history

    (2) Federal spending, at 25% of GDP, is the highest since WW II

    (3) The federal budge deficit of 10% is the highest since WW II

    (4) The federal debt, 67% of GDP, is the highest since just after WW II

    (5) Employment, in terms of the percentage of the population working, 58.1% is the lowest since 1983

    (6) Long-term unemployment of 45.9% is the highest since the 1930’s.

    (7) We currently have the slowest job growth after the official end of a recession since WW II

    (8) Home ownership has plunged to the lowest level since 1965.

    (9) The percentage of Americans paying income tax, 49%, is the lowest level in the modern era.

    (10) Individual dependency on government handouts, those receiving one or more federal benefit payments, is the highest in U.S. history.

    Two final points. First, I think it’s clear from the foregoing that The Obama Messiah has put us in the express lane for both economic and societal ruin. I have my doubts, though, that MikeyW and his ilk will be the last ones standing. Second, it’s my understanding that MikeyW’s problems do not stem from a severe inferiority complex–but rather from the fact that he is, indeed, severely inferior.

    • RTR on January 12, 2013 at 6:49 am

      Your are mad because he is not a Republicam National COMMUNIST!

  2. Steve on September 13, 2011 at 8:51 am

    Mikey, the history revisionist liar: ”Fiction. But keep repeating it if it makes you feel better.”

    Uhm – moron, …the only “Fiction” going on is that you liberal progressive liars can be so utterly delusional as to think 0bama, who firmly OPPOSED all of Bush’s counter terrorism measures when he was a Senator, should be magically credited 100% for tracking down and killing UBL???????
    :lol: Wow! …you believe in lies.
    ————

    Mikey, the history revisionist liar: ”Obama had no love for Bush’s counter-terrorism measures”

    Uhm – Idiot, you are aware that 0bama DID keep practically ALL of Bush’s counter terrorism measures in place (as well as MOST of Bush’s strategic military appointments) after 0bama became POTUS, right?? Or have you blocked those FACTS from your mind as well, you pathetic liar?

    Look, 0bama gets credit for giving the order…
    …and he’s been credited on this blog many times for that

    But, 0bama did NOT build the infrastructure of war against terrorism
    …Bush & Cheney did (and you know that’s a fact!)
    it’s also a FACT that 0bama OPPOSED all of what’s working and he sought to dismantle it (you just don’t want to acknowledge the FACTS from history, because they prove that 0bama did not put the post 9/11 counter terrorism measures in place and Bush did). But once again, 0bama DID quietly keep ALL of Bush’s counter terrorism measures in place – and you know it.

    WHY did 0bama embrace Bush’s war model when he’d previously opposed it????

    Maybe because 0bama learned very quickly (once he was POTUS) that there was NOT any acceptable alternative (that the left could envision anyway), to the military & intelligence infrastructure / counter terrorism measures that Bush & Cheney put into place. 0bama would have CHANGED EVERYTHING if it was so bad
    …But INSTEAD, 0bama embraced Bush’s previous war model and he is still using it to this very day, moron!
    ————

    Mikey, the history revisionist liar: ”Amazing what can happen when serious people are in charge”

    Yeah, nearly 15 TRILLION in debt, 9-10% Unemployment, U.S. downgraded and the worst defeat for Democrats in over 70+ years.

    Oh Yeah — That’s a real “bang up” job your dimwits are doing!!

    LMAO!!!!!!!

    :lol: :lol: :lol:

    • this guy on June 19, 2012 at 5:28 pm

      obama did vote for the debt increases as a senator…kinda hypocritical to say he inherited that debt.
      he also pushed the date of withdraw from iraq as far as he was allowed (going off bush’s original must withdraw date)
      he also promised to close guatanimo, decriminalize marijuana, protect the constitution, end the debt the first year, then said end by the third year….hasn’t happened yet
      said prices would not go up for health insurence by mandating obamacare (foundation of which is romney care…go figure). turns out it hasn’t gone through yet and prescription costs have multiplied by 8.
      he blames congress for “not being able to get proposals through”, yet has gotten through obama care, NDAA, and hr 347. some protection of the constitution.
      obama is a liar plain and simple.

      look up the speech where he tells the audience his uncle in ww2 was one of the first in auschwitz…..except the russian’s liberated auschwitz and his uncle wasn’t in the war. if you didn’t know all this than you’re just blindly following any shepherd. if you did know this than you dont value the constitution or our economic wealth and should seriously consider looking into socialism to see if that’s REALLY what you believe…because it sure sounds like it.

  3. Mad Dog on September 13, 2011 at 11:05 am

    Now, now Steve–we can only expect so much from MikeyW–afterall, his IQ is not even up to room temperature.

  4. Mad Dog on September 14, 2011 at 3:35 am

    It comes as no surprise that MikeyW is now MIA. To paraphrase Jack Nicholson in A Few Good Men, he can’t handle the truth.

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