Tuesday, January 17, 2012
Question for Paul Krugman 1
So, dude, is it ever possible to have a stimulus package that is TOO massive? I mean, seriously, that doesn't seem to be what you're saying. Of course, I also have to give you some credit for constructing such a fool-proof argument. I.E., if the stimulus package succeeds, you tell everybody, "See, I told you so", and if it doesn't work, you say, "Oops, it just wasn't big enough." Kind of brilliant (albeit, in a sleazeballish kind of way), if you're asking me.
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16 comments:
If you're going to insult someone you'd think you'd want to get your facts straight... otherwise you'll end up looking quite foolish when you asert something that is categorically false... which is exactly what happened here.
Paul Krugman NEVER said "oops it should have been larger" after the fact. He said it should be larger beforehand. BEFORE the stimulus was passed he said the dollar figure should be 1 trillion (at least).
Actually, here's the smoking gun. A post-stimulus column by Krugman in which he argues after the fact that the stimulus should have been larger.
The facts support Will, and not WD on this.
WD,please name thre times Krugman has been proven correct?
dmarks: The facts support Will, and not WD on this.
The article I linked to is pre-stimulus. Look at the date. Krugman argues that the stimulus isn't big enough. The facts are on my side.
Date of Article in which Paul Krugman says, "I'd like to see it bigger"... 2/11/2009
Date the Stimulus was signed into law by President Obama... 2/17/2009
wd, he may have said that the Obama stimulus should have been bigger beforehand (this, in an effort to hedge his bets a bit - that way, AGAIN, he couldn't be wrong) but his explanation of the multiple failed stimulus packages in Japan were clearly ex post facto.............And just for the record, I kind of agree with you that we shouldn't do heavy cuts during a recession/weak recovery, and so, too, do Simpson, Bowles, Rivlin, and Domenici. Most of the decreases in spending of their 2 proposals are down the road and structural.
So... no retraction of your obviously incorrect assertion? I guess your hatred of Paul Krugman is blinding you to the fact that he was clearly right about this.
We don't need any structural changes. What we should really be looking at is lowering the retirement age and increasing benefits.
I was talking about Krugman in general, the fact that he's always saying that the spending is never enough.............Increasing benefits and lowering the retirement age? You mean turning by SS into yet another welfare program? Oh, yeah, that's a superior idea, wd.
Will: I was talking about Krugman in general...
No, you made a specific charge. I rebutted it. Now you're tap dancing away from that claim.
Will: You mean turning by SS into yet another welfare program?
No, I'm opposed to turning SS into yet another welfare program... you're the one who wants to do that (with means testing).
Dude, I know what I was asserting more than you do. And what in the hell difference does it make if in this one instance he made his "it wasn't big enough" argument before the fact? All that that shows is that he was hedging his bets.............No, you're wrong, wd, means-testing would NOT make it into a welfare program. People who continued to get full benefits would still be getting roughly commensurate to what they were putting in. Only the really wealthy would get a percentage less.............Compare this to your ludicrous scheme of certain people putting far less in and getting significantly more back - the absolute essence of welfare.
Will Hart is a total dumbass.
By the way, what I'm asserting with that comment is that I do not often agree with Will Hart. One should not attempt to spin that comment as an attack on Mr. Hart's intelligence. I know more what I'm asserting then you!
Is Krugman a member of the Douche Bag team?
He's one of the founding fathers in fact.
He's a member of the "Heroes of the American People" team in my book.
The paper-pushers and bureaucrats seem to like him a lot, too.
"He's a member of the "Heroes of the American People" team in my book"
As long as the American People excludes the middle class. Krugman went on record as opposing Obama's middle class tax cut proposals.
dmarks: As long as the American People excludes the middle class.
I said Paul Krugman is a member of the "Heroes of the American People" team in MY book.
It's MY book dmarks. You can't place conditions on who I want to put in it.
dmarks: Krugman went on record as opposing Obama's middle class tax cut proposals.
Not as far as I know. I suspect you're imagining this.
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