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Krugman: Recession Could Be Solved In Just Two Years If We Spent More: How many times does this ass-clown have to be wrong before we stop listening to him? How many times can he use the same the same lie to justify this ongoing theft of our savings, labor and property?

Contributed on January 12, 2013 by Kip Hooker, who has submitted 1040 posts. Author's website.

{ 38 comments… read them below or add one }

Elrond Hubbard January 12, 2013 at 5:28 pm

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Damn, Bill Moyers interviewing Paul Krugman is like Fidel Castro interviewing Hugo Chavez. So yeah, let’s spend a few trillion dollars more on worthless pork barrel projects, raises to already overpaid school teachers and gifts to corporate cronies; we can borrow the money from the Chinese or rev up the government printing presses.

danybhoy January 13, 2013 at 4:59 am

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Every 1 of the people you listed are effing worthless & ZERO understanding of what makes for a sound economy.

Sidekick January 12, 2013 at 6:39 pm

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He has lost his mind and/or he is a fraud.

danybhoy January 13, 2013 at 5:58 pm

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Yes.

Ruben January 12, 2013 at 7:03 pm

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Krugman is akin to a bratty little baseball player who strikes out but refuses to return to the dugout.

jcrowley1985 January 12, 2013 at 7:41 pm

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Ruben January 12, 2013 at 8:56 pm

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Not without federal spending reforms.

jcrowley1985 January 13, 2013 at 2:04 am

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danybhoy January 13, 2013 at 5:05 am

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Do you know why I don’t have a Ferrari? Or NHL season tickets? Or take a month off to travel overseas? Or why I don’t live in a big house on a private course?

BECAUSE I CAN’T EFFING AFFORD IT.

Dude, we are broke, we don’t have the money any more to sustain all of the entitlement programs that are unconstitutional, but cannot be cut. Corporate greed has nothing to do with the fact that our gov’t cannot live within it’s means like I have to.

jcrowley1985 January 13, 2013 at 5:32 am

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danybhoy January 13, 2013 at 6:03 pm

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No, it’s called living within my means.

I buy what I can pay for, rather then piling up large amounts of debt. Do you watch daytime TV? Like Montel or Maury? Take note of the types of ads running. Debt releif & payday loan survices are running spots nostop. Connect the dots, & you will see it’s corporate greed. But it could be about PERSONAL RESPONSIBLITY, think about it.

Not so silent January 12, 2013 at 9:21 pm

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I love your posts, all of them are a complete fail and it just shows how much you don’t know….Dumber than a box of rocks Creepy Crowley…dumber than a box of rocks….Momma must be so proud she is spinning circles on her lark scooter and spilling her Cheetos….

6 November 2012 January 13, 2013 at 11:35 am

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Crowley is doing it on purpose.

jcrowley1985 January 13, 2013 at 12:04 pm

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Not so silent January 13, 2013 at 2:03 pm

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You are a joke, an unintelligent, sophomoric, welfare collecting weasel, who seems to think we actually give a shit about what you say, your tooooooo dumb to figure out that we all make fun of you because your insane bullshit posts mean nothing….In the old days people would have called you retarded, now we just refer to you as developmentally disabled…..and collecting welfare on our dime while trying to lecture us with the worldly knowledge that you do not posses, add to the fact you have a fetish for old white wrinkled guys……

flashingscotsman January 13, 2013 at 4:37 pm

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He HAS taught me one thing about economics, though.

Liberal idiots can’t understand economics.

jcrowley1985 January 13, 2013 at 4:49 pm

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Kip Hooker January 13, 2013 at 5:31 pm

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@John

A classical liberal would. But you’re not one of those. You are the other sort. The kind that believes in a centrally planned economy, minimum wage laws, laws to stop business from outsourcing and the kind that has given praise to communism when ‘it is done right’. You are also the sort that guarantees the domination of the feds and the federal reserve over our economy. You see without them their wouldn’t be enough fiat currency to meet the demands of your greed and avarice. And they can’t exist without the sanction that has been born of your “need” to usurp our labor and property instead of getting a job.

sa_rose January 14, 2013 at 9:03 am

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NOBODY voted for Ron Paul. Nobody with a brain, that is.

ooddballz January 14, 2013 at 8:13 am

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In the old days people would have called you retarded, now we just refer to you as developmentally disabled…not entirely true, I STILL call him a retard . But only when I am feeling generous.

danybhoy January 14, 2013 at 6:48 am

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6 Nov,

I personally like the fart posts over the Ron Paul/Corporate Greed posts.

poppajoe49 January 14, 2013 at 7:00 am

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I don’t think we’ll be seeing any more of the fart posts though.

jcrowley1985 January 14, 2013 at 8:24 am

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Kip Hooker January 13, 2013 at 6:37 am

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Help us stamp out corporatism John. Get a job and stop giving your system an excuse to steal our property so that you don’t have to pay your own way, much less your fair share. Also don’t forget that Ron Paul is tired of supporting you.

http://www.ihatethemedia.com/we-are-already-over-the-cliff-were-just-wondering-how-were-going-to-land

Navyvet2 January 13, 2013 at 7:35 pm

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Nope, it could be solved if we ended politicians greed.

Navyvet2 January 13, 2013 at 7:38 pm

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Opps. Dunno what happened. That post was supposed to respond to any number of Crowley’s corporate greed posts. I just substitute Union or Politician for Corporate, and he actually makes sense once in a while.

ThatOtherGuy January 13, 2013 at 12:45 am

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The solution to a debt crisis is….
……more debt!
It takes a No-brains Prize winner to get to that point.

Water for downing victims, beer for alchoholics- more is better!!!!

Sure, dumping money in the economy can bump GDP, can’t help but do it, but eventually you have to pay back the money, and it won’t be at the current low rates, it will be at higher rates because we dumped all this cash into the economy.

We need to bring down the debt below near parity with GDP to make spending like Krugman’s to work- even a true Kensyian would say so

Plainsman January 13, 2013 at 5:12 am

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Exactly! At some point we have to pay back the principal, and because there isn’t ever going to be enough in our collective tax payor pockets to do so, our lenders, many of whom are our enemies, will require that we forfeit our national sovereignty.

Sidekick January 13, 2013 at 5:30 am

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That’s just Krugman’s point in most of his columns on this topic. He continually states that we don’t have to repay the debt; we just need to service the interest. In his world of computer models and theory it all makes sense to him. Problem is reality is far less predictable but history is a good guide.

poppajoe49 January 13, 2013 at 6:08 am

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Exactly how long does he thing our debtors will stand for getting only a percentage of their money back?
Eventually, they will demand payment of the principal, and then we’re totally screwed!

ThatOtherGuy January 13, 2013 at 10:08 am

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My point is that even just paying back the interest will become onerous when interest rates rise- never mind paying down the debt. But yes, if people dislike of our debt, either at current low interest rates, or for our debt at any rational interest rate happens, we’re Greeced. I don’t like it, but some outstanding govt debt is not a bad thing, but the level of debt we have now just limits anything we can do fiscally.

A little ‘junk in the trunk’ is OK, making spandex scream and a muffin top isn’t good.

The problem is that Krugman doesn’t even understand his own fiscal system- he is too busy basking in the glow that is a NY Times editorial writers birth right.

sa_rose January 14, 2013 at 9:05 am

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Better start polishing up your Madarin and Cantonese Chinese, since China will (does?) own us in a default.

poppajoe49 January 13, 2013 at 4:52 am

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Hmmm, let’s see.
We’re broke, we have to borrow nearly 50 cents of every dollar we spend.
So what’s the solution?
SPEND MORE!!!
Why, that’s the ticket! The more we spend, the more we have to borrow.
If we borrow more, then our credit rating will go up because we have such a good borrowing record!

Unfortunately, we don’t have such a good repayment record. We give away a large amount of money to people that hate us, in an attempt to buy their friendship, which has worked so well in the Arab countries, that we are in an unending war with them. Why do we send aid to people that are shooting at us and blowing up out airliners? Have we completely lost our minds?
Our social programs are a complete failure. We have generational welfare and lifetime takers, living on our largesse, and giving us nothing in return except crack babies and abused women.
If we don’t do something fast, we will be hitting the reset button and flushing this once great country down the drain.
This won’t be completed however, until Obama confiscates all our guns so that we will be unable to defend ourselves from the inevitable invasion from Hati!

Sorry, rant over.
Krugman just gets me wound up.

Plainsman January 13, 2013 at 5:14 am

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Poppa, your “ranting” is simply truth-telling. No apologies necessary.

jacksman January 13, 2013 at 5:00 am

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Let me ask the folks i owe money? Bet they say HELL NO PAY ME NOW!!!

Progressive Hemrrhoid January 13, 2013 at 5:37 am

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I believe Kludgeman’s economic strategy is covered under the “Definition of Insanity”

6 November 2012 January 13, 2013 at 12:13 pm

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It is how this system actually works, it has to go faster to avoid crashing but the higher the speed, the harder the crash is going to be.

They would try to do just that if they could.

I blame liberal greed, liberal greed and ineptitude

deepthinker January 13, 2013 at 12:36 pm

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Spending is what got us in the mess that we are currently in. It’s time to stop spending and start cutting. Until then, it will be more misery and less for those of us that are suppose to be the ones that everyone claims to have their best interest. If you have my best interest, cut my damn taxes and cut out the spending and pass a balanced budget amendment.