Krugman: "policy makers are in denial"

[loosecannon]

If only government spends enough -- in this situation.

A few months ago Krugman was brazenly calling for aggressive tarriffs on Chinese imports.

He failed entirely to predict this recession.

He still embraces most of the BS theories that landed us in this impasse.

And his remedies did jack shit to help Japan escape their lost decade.

Why would you take his obviously politicized advise now?

Predict this recession? What economist did? The conservative ones that advised the 2 Bush administrations?

You keep monday morning quarterbacking and imagining it makes you an adequate coach.

step up your game

Stigletz, and another guy hose name always escapes me, as well as myself.

I was right, almost every "credible" economist was wrong.

You are a dolt.

 

[Procrustes Stretched]

A large part of the issue with the stimulus is not the actual amount....

this is true with the great masses.

with most credible economists this is a minor point. It was all over the media at the time that big names on the right's side of economic theories disagreed in principle on government assistance, and that they said even given the government assistance it would NOT be enough.

I agreed then because it made so much sense.

It appears team Obama did what they have done all along, split the difference hoping for luck. They lost. They are now in denial and lacking the courage of any convictions at all -- if they ever had any to begin with.

but I still give them some credit for trying

 

[California Girl]

If only government spends enough -- in this situation.

A few months ago Krugman was brazenly calling for aggressive tarriffs on Chinese imports.

He failed entirely to predict this recession.

He still embraces most of the BS theories that landed us in this impasse.

And his remedies did jack shit to help Japan escape their lost decade.

Why would you take his obviously politicized advise now?

Predict this recession? What economist did? The conservative ones that advised the 2 Bush administrations?

You keep monday morning quarterbacking and imagining it makes you an adequate coach.

step up your game

Actually, globally, the majority of Economists were predicting a recession - in the US and across the world. In fact, quite a few were talking of a 'perfect storm' .... and they were pretty damned accurate. They predicted it several years ago. Sorry if that rains on your parade.

 

[loosecannon]

Predict this recession? What economist did? The conservative ones that advised the 2 Bush administrations?

You keep monday morning quarterbacking and imagining it makes you an adequate coach.

step up your game

Peter Schiff and Ron Paul are two people that predicted it.

They may as well be Psychics making so many broad predictions that when one finally comes true they look simply genius -- to the simply simple.


throw enough shit at the wall and some of it is sure to stick
bye

You wanna bet?

Runaway Contraction | Conceptual Guerilla

 

[johnrocks]

Opposing views are encouraged. Smug bs is not. You attacked the source of an OP and you have lost all ability to comprehend.

I have no panties, in a bunch or otherwise. But you? How do we explain your saying you have an opposing opinion?

Read the OP!!!


Krugman says policy makers are in denial.

I said: "Most credible economists admitted early on to being for or against the stimulus on principle." while admitting that they may have been ideologically opposed to the stimulus.

so: what were you supposed to be opposing?
Quote: Originally Posted by johnrocks
Nobel prize winner is just someone elected by others...

Would the menstruating bitch who started a flame thread because their panties are in a bunch please rise.....

Your one to ever even use words like "smug","condescending" or "bs", it's an opinion site, I stated an opinion; that Krugman is an idiot, you got your widdle feelings hurt and took it personal and call other people idiots You want to show you rise above that then let's debate economics, can we do that without the 5th grade dribble though?

gawd, you are a woman.

I do know many of you are in cliques here and that science points towards women in cliques bleeding together who hang together.

later


dD

Has it sunk to this

 

[johnrocks]

Predict this recession? What economist did? The conservative ones that advised the 2 Bush administrations?

You keep monday morning quarterbacking and imagining it makes you an adequate coach.

step up your game

Peter Schiff and Ron Paul are two people that predicted it.

They may as well be Psychics making so many broad predictions that when one finally comes true they look simply genius -- to the simply simple.


throw enough shit at the wall and some of it is sure to stick
bye

Yet Krugman is a genius because his shit didn't stick, he just won a Nobel...

 

[kwc57]

I'm not asking you to drop anything; your the one who created this thread; it's fine with me if you continue to show everyone that your panties are in a bunch simply due to me having an opposing viewpoint, you'll never see me put someone's name in a flame thread , only the lonely and immature; does things like that, you want to debate like an adult;fine, you've found someone who will gladly do that, you want to spend the day like a couple of 4 year olds, I guess I can do that too

I'm not "hiding" behind anyone, I simply stated an OPINION that he has more in common with Karl Marx than he does with our Founders, he is loved by Socialists so I guess that ;while there were Founders like Hamilton; who advocated a more powerful centralized government and even won the battle so far, the Constitution wasn't written within that context.

Opposing views are encouraged. Smug bs is not. You attacked the source of an OP and you have lost all ability to comprehend.

I have no panties, in a bunch or otherwise. But you? How do we explain your saying you have an opposing opinion?

Read the OP!!!


Krugman says policy makers are in denial.

I said: "Most credible economists admitted early on to being for or against the stimulus on principle." while admitting that they may have been ideologically opposed to the stimulus.

so: what were you supposed to be opposing?
Quote: Originally Posted by johnrocks
Nobel prize winner is just someone elected by others...

Would the menstruating bitch who started a flame thread because their panties are in a bunch please rise.....

Your one to ever even use words like "smug","condescending" or "bs", it's an opinion site, I stated an opinion; that Krugman is an idiot, you got your widdle feelings hurt and took it personal and call other people idiots You want to show you rise above that then let's debate economics, can we do that without the 5th grade dribble though?

Give it up John. You've engaged one of the most one sided, close minded, blind ideologues ever to troll USMB. Dante likes to start threads looking for one of two things. Either blind agreement or a pissing match. When you don't agree, you get neg repped and a flame thread. Just walk away from the kiddie table and talk to the adults.

 

[loosecannon]

A few months ago Krugman was brazenly calling for aggressive tarriffs on Chinese imports.

He failed entirely to predict this recession.

He still embraces most of the BS theories that landed us in this impasse.

And his remedies did jack shit to help Japan escape their lost decade.

Why would you take his obviously politicized advise now?

Predict this recession? What economist did? The conservative ones that advised the 2 Bush administrations?

You keep monday morning quarterbacking and imagining it makes you an adequate coach.

step up your game

Actually, globally, the majority of Economists were predicting a recession - in the US and across the world. In fact, quite a few were talking of a 'perfect storm' .... and they were pretty damned accurate. They predicted it several years ago. Sorry if that rains on your parade.

Then why was Greenspan shocked? Why was wall street sent into such a panic? Why did Paulson appeal to the government for an emergency bailout within a week?

Why did lehman, Northern Rock, Bear Stearns etc begin falling like rocks?

I recognize that privately millions of people understood that the subprime crisis was looming, that derivatives were poised to scatter the world's financial giants like dominoes, and that there was a credit crisis brewing.

But publicly and from the credible economists there was almost exclusively happy talk and fantasies about the depth of the situation.

Even Warren Buffet who considered the derivatives web a weapon of mass destruction continued to maintain a large exposure.

 

[Procrustes Stretched]

Would the menstruating bitch who started a flame thread because their panties are in a bunch please rise.....

Your one to ever even use words like "smug","condescending" or "bs", it's an opinion site, I stated an opinion; that Krugman is an idiot, you got your widdle feelings hurt and took it personal and call other people idiots You want to show you rise above that then let's debate economics, can we do that without the 5th grade dribble though?

gawd, you are a woman.

I do know many of you are in cliques here and that science points towards women in cliques bleeding together who hang together.

later


dD

Has it sunk to this

Yep. You should read the progress of the thread and see who brought it here.