Paul Krugman on the arrogance of Henry Paulson

[ecnerwal999]

Krugman is a socialist. Libertarianmonarchy . com

[mpc91]

@Krugmanistheking - Please show me one example of Krugman being anything other than disrespectful to someone who disagrees with him. Just one.

You have a right to an opinion, and that's all Krugman has. He is at the bottom of a long line of disproven failures. Or maybe that's you.

[mpc91]

@Krugmanistheking - And really, he never said that FDR saved the world? Really? How much you want to put on line for that one?

/user/PaulKrugmanBlog#p/u/18/q­lv1LtwO7Tg

Here he says just that.

[mpc91]

@Krugmanistheking - And really, Krugman is quite the fan of FDR. On his blog, he calls FDR - "The greatest hero of all time."

That seems like high praise to me.

[mpc91]

@Krugmanistheking - How arrogant are you? You think I haven't listened to him. I have, and I still disagree. Sorry.

He claims the New Deal created the middle class. It didn't.

The New Deal extended the Depression, and caused a great deal of needless suffering. A bigger New Deal would have created much more suffering. I'm not assuming that government intervention is bad, I'm finding that as a trend throughout history supported by evidence.

[mpc91]

@Krugmanistheking - Even if you like him, to deny his arrogance is blind sycophancy.

To say he's fallacious is the truth. He tells World War II ended the depression, and that FDR saved the World. Neither of those is true. He thinks the New Deal created the middle class, another fallacy. But these are not harmless lies, they benefit powerful government.

I will show him all the respect he gives to those who disagree with him: none. I will show him the respect that all con artists deserve: none.

[mpc91]

@Krugmanistheking - His video blog includes, "Why I Am a Great Professor". You can't make that up.

His criticism of the current establishment is that government is not spending ENOUGH. We are spending more than we have at any point in history, and it's not working, but if we were only wasting more money... then. His data is fallacy, and out of touch with reality. It serves the interests of the state over the individual, and has been proven false repeatedly.

He's incredibly arrogant.

[mpc91]

Paul Krugman calling anyone arrogant is like a clown telling someone they are wearing too much makeup.

[bobbytiger]

Why is it that Paul Krugman is still alive?

[ionlytrade]

Krugmo could truly be the single dumbest man on the planet. Let's see, we are massively in debt from spending money we don't have; and the Krugmo plan back to wealth is..... spending much much more money we don't have. Wow, what a friggin Einstein.

[0caterpillar00]

@ionlytrade No, Krugman and other mainstream economists recognize the value of a healthy rate of inflation for encouraging capital investments during a recession.

[AnnFrankMustFknDie]

stop wasting the money of christians u distgusting heeb

stop transferring it to ur yid friends

then git urself sterilized and move to israel where we can nuke all u kikes at one go

[AnnFrankMustFknDie]

krugman just looks so so so , um so ya know heeby

[thehoaxbuster]

@AnnFrankMustFknDie

Wow. GTFO you antisemitic fascist pig.

[AnnFrankMustFknDie]

@thehoaxbuster

f u joo

[thehoaxbuster]

@AnnFrankMustFknDie

okay. you're a troll. We get it :)

[anm898989]

did he make an all your base reference?

what an asshat.

How is he going to criticize McCain? He fought just as hard for this worthless bailout as Obama did. Krugman is a partisan hack, and a poor economist. It will go down as a blemish on the legacy of the Nobel prize that Krugman received one.

[AnnFrankMustFknDie]

@anm898989

jews suk

expel their smelly asses

[selfrealizedexile]

Is this Krugman criticizing gov't bailouts prior to approving gov't bailouts when Obama took office?

[Cayvmann]

@selfrealizedexile The bailouts were approved prior to Obama taking office, sooooooo......

[splicedenergy]

@selfrealizedexile Bush did the bailouts wtf are you talking about dumbass, it was not obama what a dumb fucking ass

[selfrealizedexile]

@splicedenergy

trolololololo

[splicedenergy]

@selfrealizedexile For telling you a fact that you thought the opposite was a fact. You are out of touch. I'm not a troll you are just a mindless drone

[selfrealizedexile]

@splicedenergy

Think I'd rather have fun in here (which was over a year ago) pointing out the uber-partisan, deceitful Krugman than have a debate over Keynesian, fallacious aggregative economics for the 9688686th time in a YT comment section. Toodles.

[rumco]

Pathetic Krugman. Blaming republicans while both parties are the same evil. And so is Krugman with his neo-Keynesian statist bailout-loving "economics".

[centurion180ad]

The courts are //an integral part// of the mass murdering Debt Syndicate control grid.

[islandmuffin]

Study finds Paul Krugman is the most partisan economist. Krugman was the only economist to "significantly" change his stances for partisan reasons. Krugman has even gone so far as to contradict his own findings to bash Republican politicians. - Brett Barkley, Econ Journal Watch, May 2010

[islandmuffin]

The peer-reviewed research was published in May 2010 issue of the Econ Journal Watch (EJW), edited by Daniel B. Klein.

Seven Nobel laureates are members of the EJW Advisory Council.

[LemVlad]

@islandmuffin Read the study. The "inconsistency" is mostly promoting Keynesian balancing during booms and spending during busts. The only thing close to decent proof was a contrast of quotes about war and Head Start. Krugman said the war will increase the deficit, which excacerbates low savings/investment rates in the US. Later, he said if money is saved it should go to social investment first and deficit reduction second. What the study reveals is Barkley's lack of reading comprehension

[ParapaDrifter]

fucking dunderheads like this clown would give the economic reins to psychopathic eco-fascists like Paulson. Central economic planning fails because criminals will always gravitate towards power.

[centurion180ad]

@ParapaDrifter Krugman is part of the mass murdering Debt Syndicate control grid. He is paid-off by Tax Free Foundation stolen loot plundered at gunpoint from We The People, and handed over to Think Tanks owned by the syndicate. He is a whore, down on his knees doing the nasty, for bankers.

[bonfirejovi]

paul krugman is an idiot, this disaster is keynesian economics at work.

[jjrglobal]

Krugman is a political hack for the Liberals. You can tell if hes lying if his lips are moving and words are coming out of his mouth

[exxxxxxxx]

the american public is a gutless wonder......the plutocracy says 'take this'....and you bend over and pucker up.

[Godwad]

Cleavon Little didn't even say "Sheriff" there pal.

[jesusthecowboy]

"All your decisions are belong to me" thats fucking brilliant, hahaha

[theytsejam]

Agreed!

[VolcanicPenguin]

@jesusthecowboy

That IS a video game reference right? :P

[hyylo]

Paul Krugman agreed to all the bail outs under bush. Paul Krugman lies all the time.

ron paul and peter schiff tell the truth about real economics.

search youtube for:

PETER SCHIFF MORTGAGE

peter schiff and ron paul warned americans for 5 years that america was in truble.

[savemyplaylist]

@hyylo

@hyylo

Exactly, I've seen 3 videos now where he changes his song and dance within a few month period.

He's a hack and while Schiff and Paul made predictions BEFORE the bubble, Krugman was making "predictions" when the bubble had already burst.

Jesus the last fucking video I just watched he was PRAISING PAULSON!!!!

watch?v=qo4ExWEAl_k

[hyylo]

It is sad to see how America is collapsing. The government is taking tax payer money and bailing out the corrupt companies. The federal reserve is pure evil.

Ron Paul and Peter Schiff are true honest Americans. It is sad to see how Bush and Obama bailed out all the banks with our money. Bush and Obama should be put in prison.

Where is Bush hiding?

[hyylo]

Peter Schiff and Ron Paul attended the MISES INSTITUTE.

The Mises Institute has free videos on youtube about economics.

[jmosher4]

idiot, I take both of them

[chaoboyace]

"All your decisions are belong to me " Nobody over 40 should get that reference. He's wicked smart.

[joeroyjoe16]

what does it refer too? cheers

[serfdomthwart]

@chaoboyace It turns out Paul Krugman is wicked stupid (or arrogant).

[iBlindGame]

@chaoboyace Wrong. People over 40 built the Internet and were using it long before you. :-)

[Seedofwinter]

@chaoboyace LOL i don't get it?

[chesterviolet]

An idiot interviewing an idiot. Funny how there were questions about spending by Bush and arrogance when Obama has done everything they are questioning. This is hilarious "now, now, now" what an absolute of the Obama spending plan.

[MaxwellBennett]

one is a liberal commentator (biased.)

one is a professor of economics.

I wonder which one is an idiot?

[Iseeme63]

I tried to tell my mother in 2006 sell this house for 235,000.00 but she thought beyond the bubble. Now this crackerbox we live in is only appraised at 140,000.00 meaning we lost near 100,000.00 in this market in 3 years. We could have(water under the bridge I know) built a house in Tn. for 100,000.00 with no more debt ever. Except for utilities and food.

[wabdinur]

So now you have to stick it out until the economy regains, right?-Just like in stocks, don't sell when you're in the the red.

[somadudesbcglobalnet]

1:30 All your decisions are belong to me

[pretorious700]

I can't believe the congress and the American people sat still for this nonsense (I am as gulity as anyone). Paulson should be arrested and tried for crimes against the state.

[CAJUNNSC]

Okay old post I know Sept 2008 But its 0104209 now and well wheres the money? Who got some and how much and how did they use it. Why the hell aren't we talking about this. Wheres the money NOW? I don't see anything telling us what just happened. Are we going to let them BS us again? We need to demand to know wheres the money?

[mikeyooh7]

banks have the money and are storing it to back deposits greater than there 10 times ratio. Contractions in the money supply are common of most recessions and this is no new situation. The problem is interest rates were to low for too long and created a credit bubble that had to burst some time because bubble economies arent natural.

[ericclaptonismygod31]

This loser proves you do not need to be smart to be a professor. Surprising at how political the Nobel Prize has become. Acedemic credentials mean less than being cozy with the elites. Hey, socialist loser, how about donate the million bucks from your Swedish prize!

[stealthswimmer]

i ain't a fan of Krugman from what i've heard so far but I like how he went "all of your decision are belong to me"

:D

[womblefree]

The politians have to control the banksters but at the same time the people need to watch their politians.

theirs some thing rotten going on when this kind of thing happens

[RayAir1]

Paulson is a JEW. He only cares about bailing out his jewish buddies.

[greatsea]

Is there anyone who still doubts that Paulson is a Wall Street loyalist crony who needs to be rescinded from this process?

[mcalien24]

sometimes i think of krugman as bruce banner

[8data]

dodd is best senator only guy in reality

[TimeWarp66]

Oh please.

[8data]

Paulson is a nice guy

hes called big banc hanc

i didnt lixe it when he opened his hat to the needs of

bushies

a bird in the hand is worth more than two in the bush, ben and hanc

i am pro labor, forget wall street and croneyism of chaney

[Tribefull]

"All your decisions are belong to me!!" HAHAHA

I like him.

[11thsockpuppet]

Yeah! Incredible! He knows!

[Muraabit]

I don't question his expertise and knowledge in the field of economy but honestly, krugman is not the kind of articulated guy to do an interview with cos if i were the interviewer, i might have to ask him again on certain words that i didn't understand properly. I agree with you hypothetisch.

[sillymofo]

Someone set us up the economy

all your decisions are belong to me

[dmb426]

haha krugman is such a nerd i love it

[marsinpisces]

He's like, if George Costanza was really an architect.

[Ou8y2k2]

"All your decisions are belong to me."

Whoa, Krugman might be a gamer, lol.

[rihyun]

Krugman should replace Paulson. Now.

[8data]

i imagine he will if he wants to

paulson is not bad

neither is ben

not their fault

[8data]

but who will replace him as nytimes columnist

do you want more from David Broox and Tom Friedman

tweedledee and tweedledum

[tim4oneris]

Congratulations Professor Krugman!

[HarveyDentLives]

Congratulations to Professor Krugman on his Nobel Prize in Economics!

[hypothetisch]

i like krugman's writing but he really is a poor speaker

[Adamalgorithm]

I agree, HE is not great as a speaker. He omits some words in the sentence, but still his arguments are clear

[amisthorn]

he's got mercury in pisces. he gets a bit emotional for an economist, but in a way, it's what makes him convincing. he cares about the people he's talking about.

[Silberdachs]

The major European economies have in effect declared themselves ready to follow Britains lead, injecting hundreds of billions of dollars into banks while guaranteeing their debts. And whaddya know, Paulson — after arguably wasting several precious weeks — has also reversed course, and now plans to buy equity stakes rather than bad mortgage securities.

[KatGuo]

Good reference to Keynes. hahaha

[mockingarab]

Henry Paulson looks and acts like a paranoid crook on crack. I can't trust a word he says.

[RJWooller]

Krugman is too right as usual.

Oabam-Biden 2008!!!

[Garcia0384]

The death of the bailout will expose the lie. The financial titans have no damn motivation to do crap if they think Uncle Sucker will give them free money...

Why should they sell their garbage to another bank for 20 cents on the dollar if Uncle Hank will do it for the government at 50 cents to the dollar?

[shanemacc]

the base of the issue is the 700B will go to make very rich people even richer - selling paper to each other. Average joe would not see a dime. You do realize that "Hank" has 500Mil of his own money in Goldman Sachs ...wonder why he wants this bill pushed so quick ...hummm i wonder ?

[Staydol]

'The Bush Administration can stay insane longer than the banks can stay incolvent' ----great line!

[F1Reporter]

The greater economy will continue as normal. What the Financial Institutions dont want is overseas banks to step in and take over the credit market in the US or smaller US banks with integrity who were not involved in this mess to come to the fore against the friends of Paulson and Gang. It is a natural process under capitalism for the failed banks to go bust and be taken over, it is also the only regulatory mechanism in the Financial Market as no one else is watching these people.

[goosejuice288]

"All your decisions are belong to me"

lol

[Staydol]

Who knew Klugman was an "all Your base" fan! ha, ha, ha!

[Yourdeadmeat69]

The only thing that makes me worried, is Joe Corner Store can't get cash flow for his little business, and he's going belly up.

When the little guy gets screwed twice, hair should be on fire...

This is scary and more debating is bullsh!t. Paulson was trying to do "give me the helm". He isn't CAPT KIRK material.

It doesn't matter how much Bush lied, this isn't the little boy crying wolf--there is a wolf at small businesses door, and we need those foreign dollars or we choke.

[F1Reporter]

Why give 700 billion to the Failing Financial Institutions at all? Various people have been on the news saying if they dont get it then Mr Average will not be able to pay his mortgage, buy a car, pay for kids schooling. Well why dont they bypass the Markets and allocate the money to those who need it based on sound credit checks. It would cost 10% of the 700 Billion. Divide 700billion by 250 mil Americans and you will get the idea. They want 700B quick so we dont have time to figure out the CON

[shanemacc]

"They want 700B quick so we dont have time to figure out the CON " BINGO!!!

now your getting it, just wish the rest of america would wake up and make some noise

[Fuchsia]

Americans HAVE made some noise... It's pretty easy to get your Congressmen's phone numbers. There have been alot of reports of Representatives' e-mails being flooded with disapproval of the bill and lots of phone calls. I say people just need to keep doing it until the government or other financial gurus can come up with something that doesn't cause inflation or gamble with taxpayer money.

[shanemacc]

your right Fuchsia - this has gotten some people off thier butts and there is some discord going on ...maybe there is some hope for americans yet. Some are calling this the end of the american empire. Every great civilization has collapsed ...is china the next world superpower?

[roamingsarcophagus]

These people don't give a shit about us.

lol

They're all back peddling. They've already sunk the fucking ship. None of this shit really means anything.

In the end, we are all(except for the super wealthy)going to have to pay out our asses to fix this.

Basically the government is going to fuck us,the same way the lending industry fucked us. We will end up paying twice.

Because, c'mon guys,why fuck someone over once,when you can fuck them over twice?

It's the American way!

[drewry]

somebody set up us the bomb

[jkrupman]

t-shirt of krugman's classic comment in this interview, "all your decisions are belong to me"

[xMisterXx]

Paulson: How are you gentlemen!! All your decisions are belong to me. You are on the way to destruction.

America: What you say?!

Paulson: You have no chance to survive - make your time. Ha ha ha.

[stonerj0e]

thing is, they are soooo greedy they can't think straight!

[tinslatee]

u could say they are drunk on the American people's blood like the vampires they are.