Averting the Worst in Liberalism as Contrasted by Paul Krugman. Tax and Spend our way to Prosperity.

Abstract: Krugman of the New York Times announces the heroic escape from another Great Depression and we can show gratitude for Big Government for its expertise in averting this disaster from clever and massing printing of money.  There is cautious praise for the lever pullers in Washington, but no mention of spending cuts or debt in this article. It seems that massive spending projects are still the only way out for a Krugman type to suggest to fix the economy. More spending and bigger government is the Eternal Pair of Solutions for any leftist government plan. He thinks we should spend more. I think he wants to wreck the economy and provide an excuse for a socialist takeover.

The manufacture of propaganda pieces,[1][2][3][4] a fine art espoused and daily demonstrated by the New York Times, and other avenues of disinformation  such as Pravda and The Nation, are usually designed to sway the reader with some raving histrionics and disinformation about the evils of capitalism and how socialism or one of its variants can us up from the Brink of Disaster. Wonderful promises are made and the criminals on the right are exposed and condemned as we turn the crank on another episode.

Today, for our amusement and political education, our esteemed non-economist from the New York Times, that is known affectionately as the Walter Duranty Papers, we present Dr. Paul Krugman[5][6] or Mr. Nobel Laureatte, as he squeezes off another propagandistic offalette[7] proving that Big Government has saved us all from Depression!! Let’s spend more! We can solve our problems with the printing press and higher taxes on productive people.

We are thrilled to learn this!

“So it seems that we aren’t going to have a second Great Depression after all. What saved us? The answer, basically, is Big Government.”[8]-- Averting the Worst By Paul Krugman Op-Ed Columnist Published: August 9, 2009 [Emphasis is mine in all quotes.]

We can be so thankful.  Now, we wonder who and how:

“Just to be clear: the economic situation remains terrible, indeed worse than almost anyone thought possible not long ago.”-- Averting the Worst By Paul August 9, 2009

Really? Isn’t this an excuse to blame Bush? But Obama was going to rescue us with his stimulus and hold unemployment below 8%. He promised! Did he lie or is he just some hack politico from the sewers of Chicago? They have produced a few outstanding criminals in that town and a few top shelf governors for our amusement in the past. Maybe we will have a mini depression or a micro depression? Let us think about the unemployment rate now pushing 10% using the old method and this level actually approaches several numbers all bigger than %10: %15.8[9] or perhaps %13-15[10] or according to Merrill Lynch it is 13.9%.[11] Why does the government pick the smaller number? To keep them from looking like losers and jerks?

The truth, even from CNBC [08 Jun 2009]:

“President Barack Obama promised Monday to deliver more than 600,000 jobs through his $787 billion stimulus plan this summer, with federal agencies pumping billions into public works projects, schools and summer youth programs.

The administration's predictions that unemployment would rise no higher than 8 percent already have been shattered, leaving Obama's advisers to caution that job growth takes time, even as recovery spending intensifies.”-- Obama Promises More than 600,000 Stimulus Jobs By: AP |08 Jun 2009. [Emphasis is mine in all quotes.]

This was a month ago. Other views on unemployment:

“Most forecasts predict that Americans are in for a long, painful slog as they try to get back to work. Some forecasts don't have the unemployment rate getting back to "normal" levels of around 5 percent until 2014

“One key reason is that this recession had its roots in the financial sector. Growth will be hobbled because of the deep damage banks suffered during the financial meltdown last fall, which will make them less likely to lend money and fuel the economic recovery, said Chris Varvares, president of the National Association for Business Economics.

That means credit, which is the lifeblood of economic growth, will be slow to come even after orders start to pick up and businesses want to expand. ”[12]--Meltdown 101: Why unemployment will linger By Christopher Leonard (AP) – 22 hours ago

Singing another song:

“So what saved us from a full replay of the Great Depression? The answer, almost surely, lies in the very different role played by government.”-- Averting the Worst By Paul August 9, 2009

How much of this was President Bush’s works? None of it?? His stimulus plan apparently didn’t work? Was the War in Iraq a stimulus?  Could Obama spend us into a depression??

Never cut spending even in a recession or depression or whatever.

“…the federal government hasn’t slashed spending as its income has fallen….”-- Averting the Worst By Paul August 9, 2009

Doesn’t this lead to deficit and a bigger national debt??

Apparently, spending is the key to recovery like we see in California where they refuse to cut spending. I think Krugman has shown us a gem here, and it sparkles. We need to spend more like California.[13] We can spend our way back from the abyss! We can all be rich if we print enough money.

Banks and bailouts bungled?

“… the government has stepped in to rescue the financial sector. You can argue (and I would) that the bailouts of financial firms could and should have been handled better, that taxpayers have paid too much and received too little. Yet it’s possible to be dissatisfied, even angry, about the way the financial bailouts have worked while acknowledging that without these bailouts things would have been much worse.”--Averting the Worst By Paul August 9, 2009

Did we pay too much for GM and Chrysler? Are we ever going to get our money back from these two fiascos? Or was this just a peach tossed to the good ol’ union buddies now roughing up protesters[14]at town hall meetings? The unions did pay a lot for the Obama government did they not? Quid pro quo?? Was that a bribe? Remember the strikes, head bashing and sabotage of business during the 30s? That was good Democratic politics! If they disagree with Obama then beat them up, or worse. Democratic politics in action.

About $780 bln for the current stimulus and only 10% was spent so far and the rest is to do what? Krugman calls for another stimulus. What for? To bloat the pigs who are Demoncraps in the states? We can all wonder how much more Krugman wants.

Spend more:

“Last and probably least, but by no means trivial, have been the deliberate efforts of the government to pump up the economy. From the beginning, I argued that the American Recovery and Reinvestment Act, a k a the Obama stimulus plan, was too small. ”-- Averting the Worst By Paul August 9, 2009

Notice that the word DEBT is missing from all this. Little Timmy Geithner [read TAX CHEAT] now calls for in an increase in the US debt limit.[15] Isn’t he part of the Big Government that ‘understands’ how this system works??

He is worried:

“I’m still very worried about the economy. There’s still, I fear, a substantial chance that unemployment will remain high for a very long time. But we appear to have averted the worst: utter catastrophe no longer seems likely.

And Big Government, run by people who understand its virtues, is the reason why.”-- Averting the Worst By Paul August 9, 2009

As always, we get half a loaf. Big government is praised unless it is of the massive type that George Bush seemed to allow. Debt, now soaring, is not mentioned. Nancy Pelosi had firm control over the last THREE budgets, which included Bush’s last two years. Most of the bailouts and such happened under Bush and Pelosi—not Obama. They seem to have spent about 3-5 trillion dollars on fluff and Fannie Mae seems to have between 3 and 5  more trillion dollars worth of phony mortgages thanks to the Marxian bunglers at that site. Krugman appears to be blissfully unaware that the CRA [the phony Community Communist Reinvestment Act][16][17]  forced banks to lend out money at loss and that this contributed to the collapse of the credit markets. The phony mortgages were bundled and sold as ‘investments.’ Fanny Mae was the toilet where bad loans could be flushed and Franklin Del Ano Raines[18] made a cool $90,000,000 dollars off this scam. Oh, he is black and works for Obama [or did during the campaign]? Oh, yes. Is Raines a fat cat under your definition Paul? This was all a vision of Greenlining.^[19]How many illegal aliens have sub prime mortgages? 5 million??

This is hopeless cherry picking at a time of national disaster. Krugman only selects the positive or the least gray and stinky  of the factors in our crashing economy and pumps them up with fictional promising attributes. Our currency is still in danger of sliding on the international markets, oil prices are rising, unemployment still rises and no mention this time of mortgage rescues or the fact the Fannie Mae needs yet another bailout.

Our economy is collapsing. [20]

Krugman is a simple mindless Tax Zombie.  He has nothing else to offer other than the theft of other people’s money by taxation or confiscation. If we were in the height of another Great Depression he would always recommend we raise taxes. Krugman is only defiant on one issue in economics and that is his ongoing crusade against the existence of Tax-cut Zombies.[21]  He hates tax cuts. He is always in favor of higher taxes and bigger government. Pick an issue or a product or service and Krugman will advise that we tax it.[22] Tax cuts do NOT spur growth in the economy he thinks. Krugman knows this and acts as if he never read elementary texts on economics or a corporate balance sheet, serious questions. He is not an economist—he is a political operative. His Nobel Prize is a joke from a Marxist Pack of gun and bomb selling losers:

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

http://rycksrationalizations.blogtownhall.com/2008/10/14/krugman_receives_the_ultimate_insult_the_swedes_bozo_prize_for_leftist_stooges.thtml

We face serious problems in this country now with our total debt [now at 54 trillion and some of it unfunded liability] approaching our net asset levels [about 57 trillion and sinking]  and this guy would raise taxes and take us down and under. I think this is a plan to sink our economy and steal our wealth thru inflation and taxation and put socialists, or rank Communists, in charge.  Obama is just the guy to do this.

Vote these maggots out of office.

rycK

Comments: ryckki@gmail.com