About Me

Name: rycK
Biography
Loading...

Create Your Own Blog Find Other Townhall Blogs

Comments

Archives

Blog Roll

 

Krugman Receives the Ultimate Insult: The Swede's Bozo Prize for Leftist Stooges.

Krugman Receives the Ultimate Insult: The Swede's Bozo Prize for Leftist Stooges.

 The New York Times—aka the Walter Duranty Papers [1]  has a 90+ year history of apologizing for Communism, propping up losers, dictators and despots in their opinion columns and scrounging for new ways to reinvent Marxism. The Times has praised a swarm of disgusting parasites who parade as ‘leaders’ in the world and issues ‘prizes’ in many fields for practicing far leftist politics.  Today, Paul Krugman is disgraced, internationally, and anointed with the Mantle of Stooge as defined by the Swedish Academy.[2] This Academy is besotted with political choices for prizes. [3]

 The prize [le prix d'excréments] is issued according to strict  monolithic adherence to leftist dogma and not according to truth, achievement or insight. Ideology to a fault is a proper reason to splash the recipients with this phony glory in the eyes of the far left.

 Various ‘prizes’ have been given to these ‘people’ [le rouleau de papier de perdants et de pervers]. Look at this sorry list of losers, criminals and worse who got ‘prizes’ from the Ignoble Nobel Circus:

 1925: George Bernard Shaw[Fabian, yo-yo, avowed communist, anti-capitalist who called for soldiers to shoot their officers and go home.]

1962: John Steinbeck [drunk, loser]

1973: Henry Kissinger / Le Duc Tho (refused) [Idiot who groveled before the Communists and believed in their lies. Tho had more prestige and honor  when he refused this joke of a Nobel Prize]

1971: Willy Brandt [An unwitting stooge of the USSR who kept a pet spy in his government who worked for the Stasi]

1977: Amnesty International [Far left political group who favors terrorist and revolutions.]

1984: Desmond Tutu [Bigot, racist]

1988: United Nations Peacekeeping Forces [Phony group there never was any peace.]

1990: Mikhail Gorbachev [Drooling Communist who ‘believed’ in Communism.]

1992 Rigoberta Menchú Tum [Liar, some Communist  wrote this fulff.[4][5]]

1993: Nelson Mandela [convicted and confessed terrorist]

1994: Yasser Arafat [terrorist, liar and he took 500 million from his people for himself]

2001  Kofi Annan [liar and criminal who diverted billions in Iraqi petrodollars.]

2002: Jimmy Carter [Idiot, anti-Semite, Marxist stooge]

2007: Al Gore [flunky, criminal, Marxist Stooge, EcoNazi[6]]

 Here is what Krugman believes in:

 [1] Tax cuts are bad.[7] He thinks those who want to stimulate economic growth are ‘zombies.”[8]

 Fact: This is anti-capitalism and pro socialist and Marxist. The socialists think the government ought to fund new jobs.

 [2] Jobs are NOT created by tax cuts.[9]

 Fact: Bush created more than 8 million jobs since summer of 2003 with his tax cuts.[10]

 [3] He believes that a tax cut is a ‘cost.

 [4] He believes in ‘regulation’ but Fannie Mae and Freddie Mac churned out 5 trillion dollars worth of phony mortgages even with Congressional supervision in place.

 Screed: He laments the lack of regulation:

 “The real answer to the current problem would, of course, have been to take preventive action before we reached this point. Even leaving aside the obvious need to regulate the shadow banking system — if institutions need to be rescued like banks, they should be regulated like banks — why were we so unprepared for this latest shock? When Bear went under, many people talked about the need for a mechanism for “orderly liquidation” of failing investment banks. Well, that was six months ago. Where’s the mechanism?”[11]

 Fact: There was plenty of regulation by Congress as told by the New York Times:

 Federal regulators said yesterday that financial results at Fannie Mae, the nation's largest buyer of mortgages, were "illusions deliberately and systematically" created by its top executives in an $11 billion accounting scandal.”[12]-- New York Times May 24, 2006

 The finding was in a blistering report by the Office of Federal Housing Enterprise Oversight, or Ofheo, after a 27-month investigation into Fannie Mae's corporate culture and accounting practices.”[13]New York Times May 24, 2006

 This was over two years ago. Does Krugman bother to read his own paper? Is an economist or a political hack? Select the latter.

  What do we do now? Let us ask the Nobel Laureate:

 “What is the nature of the crisis? The details can be insanely complex, but the basics are fairly simple. The bursting of the housing bubble has led to large losses for anyone who bought assets backed by mortgage payments; …”

 Fact: phony mortgages issued to dead beats and 5 million aliens caused a lot of this.

 Krugmaniacal solution:

“…the solution adopted in many previous financial crises — is to deal with the problem of inadequate financial capital by having governments provide financial institutions with more capital in return for a share of ownership.

This sort of temporary part-nationalization, which is often referred to as an “equity injection,” is the crisis solution advocated by many economists — and sources told The Times that it was also the solution privately favored by Ben Bernanke, the Federal Reserve chairman.”[14]-- Gordon Does Good By PAUL KRUGMAN

In exchange for preferred shares this is government ownership. Krugman knows that.

As I said, we still don’t know whether these moves will work. But policy is, finally, being driven by a clear view of what needs to be done. Which raises the question, why did that clear view have to come from London rather than Washington.”

Fact: Krugman does NOT know what will work but when the government socializes the banks then that is good. Win or lose the government wins.

Fact: London is a socialist swamp infected with Sharia law and knee deep in  Islamo-Fascists. They grovel in fear of a revolution like the cowardly Spanish and French  do.

Question for our Laureate: What is the fate of the toxic debt from phony mortgages? This is a world-wide problem and started in Japan 15-18 years ago. Can we please blame Bush for that too?

How about this endorsement:

Luckily for the world economy, however, Gordon Brown and his officials are making sense. And they may have shown us the way through this crisis.”[15]

They showed us the way in Flanders and Tobruk too.  We are so lucky.

They also showed how to trash their banks during two world wars and once during the Great Depression. That is the kind of government intervention that Krugman likes.

Any measure that attacks capitalism and grows government will be endorsed wildly by Krugman and his socialists and applauding Marxists.

Here is a list of people who should have gotten Le Prix Nobel and their possible [more are needed] categories:

Fidel Castro [Peace and Government].

Squeaky From [Communality activism].

Willie Horton [Social Justice].

Jane Fonda. [Propaganda]

Pedro Lopez [Internal Medicine].

Jeremiah Wright [Racism and Theology]

Louis Farrakhan [Theology, Music and Space Ship Theory]

Osama bin Laden [Peace by Terrorism]

 David Berkowitz [Peace and Justice]

Juan Corona [Recycling of Humans. California’s First Citizen Medal]

Charles Manson [Ecology of Waste Management and Dumpster Theory of Food Production]

Allen Ginsberg [Drug Rehabilitation and Poetry]

Tookie Williams [Community Service]

Millard Tydings [Nonpartisan Politics]

Krugman is now decorated and hangs from iridescent strings  as a leftist stooge who conforms to the ultra left nostrums of the Idiot Swedes[16], whose economy and phony ‘neutralism’ disguised as black market arms sales is a joke.  The Swedes are in the dirty gun business and Krugman is their pet stooge.  In fact, Krugman has never produced anything ‘new’ outside of new ways to increase government and higher taxes.[17] In fact, Krugman has disgraced himself with this phony mixing and matching numbers from different lists. His theories are so much political crap.[18] He allows socialization of debt by taxpayers without complaint.[19]

 The Idiot Swedes[20] have disgraced themselves again with a political choice. They said as much when the selected Peanut Jimmy for some phony prize.

Maybe Krugman can tell us how to save California and New York from financial oblivion? Sure—higher taxes and more government. He liked the Congressional bailout plan[21]

This is a joke. He is just some political hack swimming in waters way above his head.

How about a detailed plan Paul? Let us hear your Nobel-Level stuff?

rycK

 Comments: ryckki@gmail.com

 


[1] In honor of that celebrated Communist stooge and liar and winner of the Pulitzer Prize for the NYT. The color RED is used in my essays in honor of Walter Duranty, a saint, if there could be one, in the Marxist Archives of Honor.

[3]Some economists questioned whether Krugman's politics may have somehow swayed the Swedish Academy. Its selections in the past have been viewed as politically motivated, and Krugman's selection came just weeks before a U.S. presidential election in which Bush's legacy is playing no small role.” http://www.washingtonpost.com/wp-dyn/content/article/2008/10/13/AR2008101300369.html?hpid=sec-business

 [4] http://en.wikipedia.org/wiki/Elizabeth_Burgos

[5] “[her lies]..was actually written by a French leftist, Elisabeth Burgos-Debray, wife of Marxist Regis Debray, who provided the focostrategy for Che Guevara's failed effort to foment a guerrilla war in Bolivia in the 1960s. Debray's misguided theory got Guevara and an undetermined number of Bolivian peasants killed, and as we shall see is at the root of the tragedies that overwhelmed Menchú and her family.” http://www.salon.com/col/horo/1999/01/nc_11horo2.html

[8]  Paul Krugman: The Tax-Cut Zombies December 23, 2005http://economistsview.typepad.com/economistsview/2005/12/paul_krugman_th_1.html

[9] Jobs, Jobs, Jobs By PAUL KRUGMAN Published: April 22, 2003 http://query.nytimes.com/gst/fullpage.html?res=9C05E3D8103AF931A15757C0A9659C8B63

[10]Job Creation Continues - More Than 8 Million Jobs Created Since August 2003 http://www.blogsforbush.com/mt/archives/2007/06/job_creation_co.html

[11] Krugman of the NYT Doesn’t Know What to Do About the Financial Crisis, but Wants More Regulation.http://rycksrationalizations.blogtownhall.com/2008/09/15/krugman_of_the_nyt_doesn’t_know_what_to_do_about_the_financial_crisis,_but_wants_more_regulation.thtml

 [12] Regulators Denounce Fannie Mae By ERIC DASH

[14]  Gordon Does Good By PAUL KRUGMAN OP-ED COLUMNIST

Published: October 12, 2008 http://www.nytimes.com/2008/10/13/opinion/13krugman.html?em

[16] Marxists who greedily savor the rewards from the sale of explosives and the invested proceeds from 175 continuous years of ‘neutrality’ while selling guns to all belligerents in numerous wars. They were always comfortable with Tojo, Hitler, Franco, Mussolini, Stalin, FDR, Shaw of Iran, Castro, Ho, Mao and Churchill as long as hard money was placed on the drum. They are social parasites.

[17] In 1989 Kindleberger objected to the idea that "new" trade theory and "new" international economics were, in fact, new. "As I told Krugman at Helsinki, I find it a bizarre notion that increasing returns in international trade are new." He goes on to cite parts of his 1953 textbook "based on the 1929 article of John Williams reprinted in the AEA 'Readings in the Theory of International Trade.'" (From his chapter in Colander and Coat's "Spread of Economic Ideas," Cambridge U. Press, 1993.) http://www.economicpolicyjournal.com/2008/10/on-krugmans-new-theories.html

[19] Many people on both the right and the left are outraged at the idea of using taxpayer money to bail out America’s financial system. They’re right to be outraged, but doing nothing isn’t a serious option. Right now, players throughout the system are refusing to lend and hoarding cash — and this collapse of credit reminds many economists of the run on the banks that brought on the Great Depression.”[19]-- Where Are the Grown-Ups? By Paul Krugman Op-Ed Columnist Published: September 25, 2008 Where Are the Grown-Ups? By Paul Krugman Op-Ed Columnist Published: September 25, 2008http://www.nytimes.com/2008/09/26/opinion/26krugman.html?_r=1&ref=opinion&oref=slogin

[20] The Stupid Europeans Bawl and Moan for US Help with their Phony Socialism. Let us Rescue them with our Tax Money!

http://rycksrationalizations.blogtownhall.com/2008/09/30/the_stupid_europeans_bawl_and_moan_for_us_help_with_their_phony_socialism_let_us_rescue_them_with_our_tax_money!.thtml

 [21]The Congressional plan, then, looks a lot better — a lot more adult — than the Paulson plan did. That said, it’s very short on detail, and the details are crucial. What prices will taxpayers pay to take over some of that toxic waste? How much equity will they get in return? Those numbers will make all the difference.”

Where Are the Grown-Ups? By Paul Krugman Op-Ed Columnist Published: September 25, 2008http://www.nytimes.com/2008/09/26/opinion/26krugman.html?_r=1&ref=opinion&oref=slogin

Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive