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Looking Back 3 Years At Esteemed Nobel Laureate Paul Krugman: Trump Will Bring Recession

Posted on 2/12/20 at 11:48 am
Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
45202 posts
Posted on 2/12/20 at 11:48 am
quote:

The economic fallout of a Donald Trump presidency will probably be severe and widespread enough to plunge the world into recession, New York Times columnist Paul Krugman warned in a New York Times opinion piece published early Wednesday.

quote:

"Under any circumstances, putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world's most important economy would be very bad news," he wrote. "What makes it especially bad right now, however, is the fundamentally fragile state much of the world is still in."

quote:

"Now comes the mother of all adverse effects — and what it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work," Krugman wrote. "So we are very probably looking at a global recession, with no end in sight.





Posted by NIH
Member since Aug 2008
112617 posts
Posted on 2/12/20 at 11:49 am to
90krugman guy tears just spilled into an unfortunate customer’s latte
Posted by YF12
Ottobaan
Member since Nov 2019
4451 posts
Posted on 2/12/20 at 11:51 am to
If Krugman was even half as knowledgeable about economics as he pretends to be he would be worth trillions of dollars and could fix any issue he wanted to in the world
Posted by EZE Tiger Fan
Member since Jul 2004
50285 posts
Posted on 2/12/20 at 11:51 am to
And yet he will continue to win "awards" and the Filth will stay on their knees swallowing every load of shite he delivers.
Posted by TygerTyger
Houston
Member since Oct 2010
9201 posts
Posted on 2/12/20 at 11:51 am to


WTF is Pelosi doing back there?

Is she stroking out?

Hearing voices from god?

Playing pocket pool?
Posted by Y.A. Tittle
Member since Sep 2003
101390 posts
Posted on 2/12/20 at 11:51 am to
quote:

"Under any circumstances, putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world's most important economy would be very bad news," he wrote. "What makes it especially bad right now, however, is the fundamentally fragile state much of the world is still in."



What specific policies was he possibly even envisioning in this insane doomsday hypothetical situation?
Posted by FooManChoo
Member since Dec 2012
41673 posts
Posted on 2/12/20 at 11:52 am to
Pelosi looks like she accidentally kicked the desk with her shoe off and is trying to play it off.
Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
45202 posts
Posted on 2/12/20 at 11:56 am to
I think Trump pushed Nancy’s button.
Posted by Sidicous
Middle of Nowhere
Member since Aug 2015
17160 posts
Posted on 2/12/20 at 11:57 am to
Krugman just needs more time to be proven correct. After all, we're still in Obama's Recove... naw, I can't do it.
Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
45202 posts
Posted on 2/12/20 at 11:58 am to
Nobel Prize for Economics



Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
45202 posts
Posted on 2/12/20 at 12:00 pm to
Nobel Prize for Peace




Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89518 posts
Posted on 2/12/20 at 12:04 pm to
I took a very basic ECON course at LSU in the late 1980s.

I've forgotten more about real world economics than Paul Krugman will ever know.

quote:

So we are very probably looking at a global recession, with no end in sight.


Hell - that's what they want, so they are ceded more and more control over people who, in their opinion, can't be trusted to make the right decisions - voting or any other choices.
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 2/12/20 at 12:11 pm to
quick hypothetical: what if that same week, krugman recanted, saying that his initial reaction was making the same mistaken reaction that brexit opponents had made, and that if anything it was likely that rapidly-growing deficits would temporarily strengthen GDP growth?
Posted by mtntiger
Asheville, NC
Member since Oct 2003
26638 posts
Posted on 2/12/20 at 12:12 pm to
Krugman forgot how to think years ago, when he realized all he has to do is reinforce the feelings within the lib echo chamber and he will be adored for life and showered with praise.
Posted by BugAC
St. George
Member since Oct 2007
52787 posts
Posted on 2/12/20 at 12:13 pm to
quote:

Nobel Laureate


Nobel, what a joke. Once again, progressivism destroys once respected things. Giving Obama a peace prize while he drone strikes an american citizen and expands our presence in the ME was prime example of how worthless regressives are.
Posted by Erin Go Bragh
Beyond the Pale
Member since Dec 2007
14916 posts
Posted on 2/12/20 at 12:15 pm to
Krugman and his ilk remain hopeful.
Posted by BugAC
St. George
Member since Oct 2007
52787 posts
Posted on 2/12/20 at 12:15 pm to
quote:

quick hypothetical:


What if, TDS didn't exist, and things were looked at objectively???

Posted by GumboPot
Member since Mar 2009
118761 posts
Posted on 2/12/20 at 12:17 pm to
On a long enough timeline Krugman will be right one day then he'll win a Nobel Peace Prize in economics and be lauded by the global elites telling him how great his predictions were.
Posted by AUin02
Member since Jan 2012
4281 posts
Posted on 2/12/20 at 12:18 pm to
Link please, I'd love to read it (not sarcasm).
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 2/12/20 at 12:19 pm to
quote:

What if, TDS didn't exist, and things were looked at objectively?

what he said after a few days alongside his recanting turned out to be spot on

if you look at things objectively
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