Paul Krugman: The President Surrenders

[NYcarbineer]

Hoover cut spending too and look what happened in 1929.
FDR, Truman, and Eisenhower increased federal spending and America flourished.

If you look at the numbers the Depression didn't really start until FDR started spending like crazy. All his New Deal did was prolong it.

America flourished after WWII because of all of the innovation that the war brought to the private sector. Also the hopes of life after the war propped up the economy. Unfortunately WWII gave us an income tax that the Congress never repealed even though the war was over with. FDR gave us welfare and Social Security and government grew and has kept growing ever since. Now the economy hinges on a bloated wasteful government that can't pay their bills without threatening us with financial ruin.

Now that's progress.

How would you have paid for WWII?

 

[Old Rocks]

Hoover cut spending too and look what happened in 1929.
FDR, Truman, and Eisenhower increased federal spending and America flourished.

If you look at the numbers the Depression didn't really start until FDR started spending like crazy. All his New Deal did was prolong it.

America flourished after WWII because of all of the innovation that the war brought to the private sector. Also the hopes of life after the war propped up the economy. Unfortunately WWII gave us an income tax that the Congress never repealed even though the war was over with. FDR gave us welfare and Social Security and government grew and has kept growing ever since. Now the economy hinges on a bloated wasteful government that can't pay their bills without threatening us with financial ruin.

Now that's progress.

Still trying to rewrite history. You and Stalin.

 

[Stephanie]

My gawd, we are going to have put Krugman on SUCIDE watch.

And a few LEFTIES here too..

Get ready for the SPIN about how the boyking WAS FORCED to take this deal because he was being held hostage by the terrorist in that INSIGNIFCANT TEA PARTY..
Remember.......... he was FORCED to extend the Bush TAX CUTS too.

Eating crow don't taste so good in the mornings...

 

[JimH52]

Reagan trippled the deficit and we had the greatest period of job growth ever....?????

 

[skookerasbil]

My gawd, we are going to have put Krugman on SUCIDE watch.

And a few LEFTIES here too..

Get ready for the SPIN about how the boyking WAS FORCED to take this deal because he was being held hostage by the terrorist in that INSIGNIFCANT TEA PARTY..
Remember.......... he was FORCED to extend the Bush TAX CUTS too.

Eating crow don't taste so good in the mornings...

+1


Aint it sweet??!!!!!!!!!!!!

 

[NYcarbineer]

[All moot points. The Krugman rants are embraced only by a minority of the country,

That describes the Tea Party exactly. Ironically. Rants embraced only by a minority of the country.

 

[Old Rocks]

As I understand the deal thus far, the Bush tax cuts will end next year. So there will be a tax increase. On the entitlement side, I think a good place to start is with mortgages. No interest deducts on any mortgage over 400K, and only on one home. There are numerous other high end loopholes to be cut, also.

Also, I saw nothing forbidding further increases in taxes, so let's add 5% on all income above one million, and a tax on the products of companies that have offshored their factories, then import the product back here. About 20% would be a start.

Let's get serious about debt reduction. Kinda like banks, you go where the money is. Simply killing off the old folks and cutting out programs for children, you know, those useless things like education and health, won't make it. You have to get some income.

 

[Stephanie]

[All moot points. The Krugman rants are embraced only by a minority of the country,

That describes the Tea Party exactly. Ironically. Rants embraced only by a minority of the country.

But but, we thought you Liberals "cared more" about minorities in the country?
I guess that is ONLY when they suit your purpose, eh?

 

[Old Rocks]

Not victory, not defeat. The major problems are still there and unaddressed by all.

 

[Sallow]

[All moot points. The Krugman rants are embraced only by a minority of the country,

That describes the Tea Party exactly. Ironically. Rants embraced only by a minority of the country.

But but, we thought you Liberals "cared more" about minorities in the country?
I guess that is ONLY when they suit your purpose, eh?

Cared more?

What does that mean?

Liberals support a government where minority rights are respected.

We don't support a government ruled by the minority.

Now, was that so hard to understand?

 

[Stephanie]

That describes the Tea Party exactly. Ironically. Rants embraced only by a minority of the country.

But but, we thought you Liberals "cared more" about minorities in the country?
I guess that is ONLY when they suit your purpose, eh?

Cared more?

What does that mean?

Liberals support a government where minority rights are respected.

We don't support a government ruled by the minority.

Now, was that so hard to understand?

Please spare us. You all supported this administrations SUPER MAJORTIY for the last two years that kept clubbing us over the head with disgusting legislation that is sending us into bankruptcy..

You all don't support a government ruled by the minority...............WHAT A FRIGGEN JOKE.

 

[Sallow]

But but, we thought you Liberals "cared more" about minorities in the country?
I guess that is ONLY when they suit your purpose, eh?

Cared more?

What does that mean?

Liberals support a government where minority rights are respected.

We don't support a government ruled by the minority.

Now, was that so hard to understand?

Please spare us. You all supported this administrations SUPER MAJORTIY for the last two years that kept clubbing us over the head with disgusting legislation that is sending us into bankruptcy..

You all don't support a government ruled by the minority...............WHAT A FRIGGEN JOKE.

So..

You didn't have a problem with:

Tax cuts for the rich.
Missile Defense Spending.
Medicare Part D.
No Child Left Behind.
The Invasion, Conquering and Nation Building of Afghanistan.
The Invasion, Conquering and Nation Building of Iraq.
The Creation of the Department of Homeland Security.
Tax Holiday for overseas Profit.
The change in Overtime Rules.
The Bailout of Bear Stearns
TARP
GM Bailout.

But..NOW..the government is spending to much.

That's rich.

 

[CrusaderFrank]

Krugman still wrong in the trillion column but at least he admits that he and Obama got us a Depressed economy

 

[Soggy in NOLA]

Further evidence Krugman is an idiot. While I don't like the deal at all, the notion that more government spending is in order is asinine.

 

[Stephanie]

Cared more?

What does that mean?

Liberals support a government where minority rights are respected.

We don't support a government ruled by the minority.

Now, was that so hard to understand?

Please spare us. You all supported this administrations SUPER MAJORTIY for the last two years that kept clubbing us over the head with disgusting legislation that is sending us into bankruptcy..

You all don't support a government ruled by the minority...............WHAT A FRIGGEN JOKE.

So..

You didn't have a problem with:

Tax cuts for the rich.
Missile Defense Spending.
Medicare Part D.
No Child Left Behind.
The Invasion, Conquering and Nation Building of Afghanistan.
The Invasion, Conquering and Nation Building of Iraq.
The Creation of the Department of Homeland Security.
Tax Holiday for overseas Profit.
The change in Overtime Rules.
The Bailout of Bear Stearns
TARP
GM Bailout.

But..NOW..the government is spending to much.

That's rich.

One word-----ObamaCare.

and the change in Overtime rules....wtf

 

[CrusaderFrank]

"We currently have a deeply depressed economy." Paul Krugman finally acknowledges the failure of Keynesian economics.

Hi, Paul!

 

[Sallow]

Please spare us. You all supported this administrations SUPER MAJORTIY for the last two years that kept clubbing us over the head with disgusting legislation that is sending us into bankruptcy..

You all don't support a government ruled by the minority...............WHAT A FRIGGEN JOKE.

So..

You didn't have a problem with:

Tax cuts for the rich.
Missile Defense Spending.
Medicare Part D.
No Child Left Behind.
The Invasion, Conquering and Nation Building of Afghanistan.
The Invasion, Conquering and Nation Building of Iraq.
The Creation of the Department of Homeland Security.
Tax Holiday for overseas Profit.
The change in Overtime Rules.
The Bailout of Bear Stearns
TARP
GM Bailout.

But..NOW..the government is spending to much.

That's rich.

One word-----ObamaCare.

and the change in Overtime rules....wtf

Bush Overtime Rules Slammed - CBS News

Asleep for 8 whole years..eh?

 

[Stephanie]

So..

You didn't have a problem with:

Tax cuts for the rich.
Missile Defense Spending.
Medicare Part D.
No Child Left Behind.
The Invasion, Conquering and Nation Building of Afghanistan.
The Invasion, Conquering and Nation Building of Iraq.
The Creation of the Department of Homeland Security.
Tax Holiday for overseas Profit.
The change in Overtime Rules.
The Bailout of Bear Stearns
TARP
GM Bailout.

But..NOW..the government is spending to much.

That's rich.

One word-----ObamaCare.

and the change in Overtime rules....wtf

Bush Overtime Rules Slammed - CBS News

Asleep for 8 whole years..eh?

OMg, I guess it WAS SO IMPROTANT it was SLAMMED..article from 2004

 

[CrusaderFrank]

Not victory, not defeat. The major problems are still there and unaddressed by all.

Fear not, pointy headed one! Obama, half the remaining Congressional Democrats and rest of the RINOs get booted in 2012.

 

[Missourian]

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