Paul Krugman Clarifies the Outcome of the NJ Gubernatorial Race for Us: Spend More! Spend More! Spend More!

Abstract: Paul Krugman juggles fruits from different bins in a circus performance that rings of Joel Gray in Cabaret with the political roles reversed. He ‘analyzes’ the New Jersey fiasco and finds hidden diamonds in the outcome for the left. He grinds away on the current authorized hurdy-gurdy tune that says the Jon Corzine wipeout was not a reflection of Obama. He rejects any reference to restoring the economy with the indicated tax cuts and spending reductions, the items that, strangely, propelled Chris Christie[1] to glory and forced the tax-grubbing parasite Corzine to be humiliated with only 30% of the vote. The Krugman fairy tale surges on with iridescent tinsels and kazoo honking and terminates with a rare condemnation of Obama for not spending enough, a rare criticism for the dedicated. He then offers the prediction that the use of “…economic half-measures may haunt Democrats for years to come.” My conclusion, agreeing with Krugman in this rare instance, is that Obama may become the Second Peanut after Jimmy Carter’s sterling performances. The baboon is scrounging around for diamonds again.

Perusing the New York Times (that is known affectionately as the Walter Duranty Papers[2] in honor of their most beloved Pulitzer Prize winner) may be likened to solving a crossword puzzle where the words tax or spend are the only candidates that seems to fit almost anywhere both vertically and horizontally. There are apparently no examples of cost-cutting or financial sobriety to be found in the pages of the NYT in the past few years, or decades. The clarion chants celebrating the electric nostrum of the inevitable defeat of the  evil Tax-cut Zombies[3] ring like ceremonial gongs in the press room of this bankrupt newspaper. The answer to all social problems is more government, higher spending and higher taxes.

For today’s example of metastatic government we study the teachings and counsel of one Paul Krugman[4][5][6][7][8] as his works provide the political and thus economic  impetus for effortlessly  fleecing the cognitively disnimble. The ‘poor’ must be serviced [they provide the votes!!] and ‘educated’ as to how to be handsomely rewarded for their political support. The current loss of Jon Corzine in New Jersey requires some redaction and purification so as to position the left to benefit politically. Christie threatens to cut taxes!

As an example of advanced propaganda we must firstly suffer through a meaningless analogy to get to the core of his message:

“Remember those Republican boasts that they would turn health care into President Obama’s Waterloo? Well, exit polls suggest that to the extent that health care was an issue in Tuesday’s elections, it worked in Democrats’ favor. But while health care won’t be Mr. Obama’s Waterloo, economic policy is starting to look like his Anzio.”[9]-- Obama Faces His Anzio

 By Paul Krugman Op-Ed Columnist Published: November 5, 2009 [Emphasis is mine in all quotes.]

We are reminded of sampling blunders and outright fraud here when we study the aftermath of voting using ‘exit polls’ that clearly showed in one case that John Kerry was several points ahead of George Bush. [10][11] Nevertheless, such false or misleading ‘information’ is readily translated into ‘facts’ and those ‘facts’ can be used to assemble The Ultimate Truth and that is that.

The Truth unfolds for us:

“True, the elections weren’t a referendum on Mr. Obama. Most voters focused on local issues — and those who did focus on national issues tended, if anything, to go Democratic. In New Jersey, voters who considered health care the top issue went for Gov. Jon Corzine by a 4-to-1 margin; Chris Christie won voters who were concerned about property taxes and corruption.”-- Obama Faces His Anzio

Another sampling issue stretched to its breaking point. The national polls strangely differ[12] as they seem to show a 55 /35 or a 57/37 view against health care ‘reform’ and its exorbitant costs. The conundrum here is that Krugman fails to recognize that a national poll is merely an ensemble of local views, but such facts fly in the face of certain narrowly defined political objectives so the mandate it to cherry pick the results that fit the current tall tale. That is good liberalism.

Then a brief caveat before resuming the current disinformation charge:

“Yet there was a national element to the election. Voters across America are in a bad mood, largely because of the still-grim economic situation. And when voters are feeling bad, they turn on whomever currently holds office. Even Michael Bloomberg, the mayor of New York City, saw his supposedly easy reelection turn into a tight race.”-- Obama Faces His Anzio

Did he just contradict himself??  No matter. Apparently, the NYT cannot seem to observe the current bad mood, from listening to reptiles like Nancy Pelosi’s lies[13] or to the freak show bunglers in the White House who are not rescuing our economy while proposing and promising to do so.

A foreboding?

“This bodes ill for the Democrats in the midterm elections next year — not because voters will reject their agenda, but because all indications are that a year from now unemployment will still be painfully high. And Republicans may well benefit, despite having become the party of no ideas.”-- Obama Faces His Anzio

This no idea theorem references the essential tax cuts and spending cutbacks and unavoidable  high interest rates that are customarily used to unwind the  typical sorry socialist mess that people like Peanut Jimmy have thrust upon us. These ideas are basic capitalism thus are anathema to the drooling left.

Stimulus amount redaction—more should have been wasted.

“Thus the stimulus bill fell far short of what many economists — including some in the administration itself — considered appropriate. According to The New Yorker, Christina Romer, the chairwoman of the president’s Council of Economic Advisers, estimated that a package of more than $1.2 trillion was justified.”-- Obama Faces His Anzio

Oh, I thought she said this level would ‘work’ and turn around the economy and unemployment levels by July? How about 3 trillion or 5 trillion? It is not too late!

History: Stimulus Act of Jan 2009

“An Act: Making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, and State and local fiscal stabilization, for the fiscal year ending September 30, 2009, and for other purposes.”[14] [Emphasis is mine in all quotes.]

The Christine Romer Prophecy:

“…, even with the large prototypical package, the unemployment rate in 2010Q4 is predicted to be approximately 7.0%, which is well below the approximately 8.8% that would result in the absence of a plan.”[15][16]

Oh, gee—did the unemployment rate soar beyond 10% barely an hour ago??[17] Do Romer and Obama look like jerks yet? Or how about spending on clunkers[18] or other follies? We spent $16,000 per car? Was that enough? Why not just use printed money to give cars to loyal Democrats!

Did Romer recant?

“Most analysts predict that the fiscal stimulus will have its greatest impact on growth in the second and third quarters of 2009,” Romer said. “By mid-2010, fiscal stimulus will likely be contributing little to growth.”[19]— Christine Romer Oct. 22

From a previous blog: The current outrage is the Clunkers Calamity where our government went out to ‘stimulate’ car sales and spent $24,000 per car on an average car cost of about the same price as that number. [20][21][22] Extending this insanity to the housing problem we learn that “…the Brookings institute estimates that the $8,000 credit equates to a cost to the taxpayer of $43,000 per home.”[23] This is money wasted for political reasons. We must search for reasons why our government is so stupid and how they arrive at these ‘programs’ and what mentally tortuous paths they traverse as they concoct such wonders. And we do not think we have idiots in our government?[24]

This guy has no shame:

“And more is needed. Yes, the economy grew fairly fast in the third quarter — but not fast enough to make significant progress on jobs. And there’s little reason to expect things to look better going forward. The stimulus has already had its maximum effect on growth. Even Timothy Geithner, the Treasury secretary, admits that banks remain reluctant to lend. Many economists predict that the economy’s growth, such as it is, will fade out over the course of next year.”-- Obama Faces His Anzio

A criticism of Obama bursts forth??

“If the Democrats lose badly in the midterms, the talking heads will say that Mr. Obama tried to do too much, this is a center-right nation, and so on. But the truth is that Mr. Obama put his agenda at risk by doing too little. The fateful decision, early this year, to go for economic half-measures may haunt Democrats for years to come.”-- Obama Faces His Anzio

What may haunt the liberals is the high inflation and massive debt that this guy has piled up to soak our kids with. Obama may become the Second Peanut[25] and trash his phony socialist party for a generation.

It has been stated in more explicit terms than printed here that:

 Liberalism is like probing a baboon’s sphincter for diamonds. There is little chance for success, but there are several opportunities for anger and frustration. [26][27]

There ain’t no diamonds there Dorothy—but the levels of frustration of the left soars.

“I told you so!”—Future comment by Hillary Clinton.

Losers deserve to lose. "Life is tough, tougher if you're stupid."
-John Wayne

Losers deserve to lose. "Life is tough, tougher if you’re a leftist or one of their victims."--rycK

rycK

Comments: ryckki@gmail.com