Krugman Offers Us Canned Circular Revisionism: We Can Repeat the War Time Successes of FDR.
Abstract: Paul Krugman digs selectively into history to reveal the best opportunity to heal our broken economy and concludes, even before he digs, that this marvelous approach is to just tax and spend and spend in the same manner he has for the last 200 op-eds at the New York Times. Similar to what Albert Switzer found in his reading of the accounts of the historical Jesus[1], Krugman finds his own erratic nostrums buried in the past and hails the antics of FDR as a similar invention of his own making. Krugman laments the future of the Party of Democrats in this November and postpones the new Coming of Age to a later time when we can get more politicos to tax and spend at the FDR or Obama rates. His process may be likened to how a drunk uses a lamppost: for support—not illumination.
The political machinations of the Walter Duranty Papers[2][3]—aka [the near-bankrupt] New York Times –are freshly garnished and festooned with grand prose and lofty theories using the finest attributes of propaganda found in any written form excepting Pravda or perhaps the Huffington Post. There is always a sweet flute to toot in favor of big government, more spending, higher taxes and other essentials that favor the Party of Democrats and their bedtime allies in
The cause and effective fixes of the Great Depression are not finalized as yet[4], even at this distance in time, but those on the left have found solace in the futile attempts of one John Maynard Keynes and his pleadings with FDR to deficit spend. FDR arrogantly resisted this avenue as he seemed to think, before World War II at least, that debt was somehow bad and a balanced budget was necessary for any real recovery. Keynes was essentially a god to the grand geopolitical jockeys of the era: Stalin, Hitler, Roosevelt and Churchill. Spending is power and they spent! Maybe FDR got that part right even if he guessed wrong.
[I present extensive quotes in this blog so that the reader can view the exact language and can be confident that nothing was taken out of context or that nobody was misquoted. The easiest way to take in the salient points is to read the emphatic points in the quotes and then peruse my comments or terms that run counter to the left. Comments on my comments are always welcome: ryckki@gmail.com.]
Krugman unleashes his findings:
“Here’s the situation: The
It is fashionable in the erection of propaganda pieces to light off the discussion with a grand sweep of obvious ‘conclusions’ and use them later in parts or theme to plow the fields for the next run of screedlets. So, playing the game, our Nobel Laureate[6] cranks out some preposterous conclusions such as these:
[1] …policies have limited the damage [2] …but they were too cautious, [3] More action is clearly needed…
It is of interest here to wonder how massive deficit spending on foolish stuff is effective in any way. The consequences of debt are always ignored. The Obama stimulus #1 has not worked and neither did cash for clunkers or the housing subsidies. The recent ‘jobs’ program spent $92,000 per job[7] and, then, we spent $24,000 per car on the Clunker Follies and a mere $43,000 per house on the housing scam.[8] And, none of these had a lasting effect. All of the money to propel this was either borrowed or printed up quickie fashion by our government. I wonder why Krugman cannot seem to defend or explain why these failed as he seems to cover up this offal with some nostrums about caution or insufficiency. In the lexicon of the left the word failure is always used as the limiting case. We failed to spend enough…or we failed to tax the rich some more or… When confronted with a stupid program like busing, War on Poverty, HUD, Welfare etc. there is little but silence from the arrogant left. There is always a reason why such programs didn’t work out that well and they will recite the 1,2,3 above as the reasons why the project was not exceptional. Why, we didn’t spend enough!!! Spend more!!!
This next piece shows us the logic he uses:
“Now, we weren’t supposed to find ourselves replaying the late 1930s. President Obama’s economists promised not to repeat the mistakes of 1937, when F.D.R. pulled back fiscal stimulus too soon. But by making his program too small and too short-lived, Mr. Obama did just that: the stimulus raised growth while it lasted, but it made only a small dent in unemployment —and now it’s fading out.”-- 1938 in 2010 By Paul Krugman [Emphasis is mine in all quotes.]
Obama has recently fired his so-called ‘economists’ for their blunders and false predictions:
History flashback: 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.”[9][10]--CNSNews.com
The Christine Romer Un-Prophecy: 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.”[11]— Christine Romer Oct. 22
We just passed mid-2010. The
Some rare truths from Krugman:
“And just as some of us feared, the inadequacy of the administration’s initial economic plan has landed it — and the nation — in a political trap. More stimulus is desperately needed, but in the public’s eyes the failure of the initial program to deliver a convincing recovery has discredited government action to create jobs.
In short, welcome to 1938.”-- 1938 in 2010 By Paul Krugman
Here is a feint to the far left and an attempt to force ‘history to repeat itself’ and conforms nicely with Krugman’s thesis, among other clichés. Missing is all the fluff and hoopla and the ‘promise to fix the economy’ and all that rubbish and political sop and why we missed the first time. Why didn’t Krugman correct Ms Christine Romer at the time of her utterances and pronounce them inadequate??
Raking the Latrines of the past:
“Consider
It would seem embarrassing to bring this up as the analysis of even parts of this poll shows us that FDR was not liked and his programs were so much crap as are Obama’s worthless antics. Apparently, the left raises this spectre from the grave to warn or intimidate their loyals and camp followers that Obama will lose again from following FDR and the circular logic in the history loop from Krugman will be sound and true.
He bangs his head to hear it rattle:
“Austerity is self-defeating: when everyone tries to pay down debt at the same time, the result is depression and deflation, and debt problems grow even worse. And conversely, it is possible — indeed, necessary — for the nation as a whole to spend its way out of debt: a temporary surge of deficit spending, on a sufficient scale, can cure problems brought on by past excesses.”-- 1938 in 2010 By Paul Krugman
Well, there it is: “it is possible — indeed, necessary — for the nation as a whole to spend its way out of debt. “ Krugman slogs down his personal little latrine with his handy spade looking for glistening objects to pluck so as to prove that his path is worthy. He falsely equates the ‘end of a depression’ with the start of a war in that the debt was well used to break the ground for a wonderful recovery after we won the war. The problem with this was that nobody predicted that such a major rearrangement of our economy with 400,000 dead soldiers and massive rationing of sugar, tires and gas would lead to anything more than a bigger depression. FDR believed these predictions and went along his merry path to being a grand geopolitical patzer[12] by moving all the pieces around as he suffered from more and more strokes. He was willing to trash the
Tears from the lost dream:
“I had hoped that we would do better this time. But it turns out that politicians and economists alike have spent decades unlearning the lessons of the 1930s, and are determined to repeat all the old mistakes. And it’s slightly sickening to realize that the big winners in the midterm elections are likely to be the very people who first got us into this mess, then did everything in their power to block action to get us out.
But always remember: this slump can be cured. All it will take is a little bit of intellectual clarity, and a lot of political will. Here’s hoping we find those virtues in the not too distant future.”--1938 in 2010 By Paul Krugman
He culminates his fulminations with a pitiful lament. One mistake we have not copied as yet from the 1930s is the process where whole societies are destroyed by war and debt and socialists flying over the crevasse of reason into the social and economic ditch. That might come.
Since Krugman would pull all the radical or progressive zombies from their political graves and hoist them on high red banners in the hope that this array would be accepted as proof that we need to tax and spend some more, we find ourselves with our heads held high and his pants way down. The fact that he has truncated his clichés and rapt analogies and forged them into a single line tells us that he has abandoned the chance for his party to gain more power from the purse and bloat government some more.
Since Krugman is so often wrong, we can use this piece to clearly demonstrate the folly of such reasoning and ‘research’ and summarily flush it down the loo.[13]
Let them eat cake in
That is classic Krugman.[14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39][40][41][42][43][44][45][46][47][48][49]
rycK
Comments: ryckki@gmail.com
[1] “Although Schweitzer was among the greatest contributors to this quest, he also ended the quest by noting how each scholar's version of Jesus often seemed to reflect the personal ideals of the scholar, an observation first stated by Johannes Weiss in 1890, and which continues to be observed in Jesus research (as it does in other historical studies) even today.”http://en.wikipedia.org/wiki/Quest_for_the_historical_Jesus Thus Krugman sought Krugman in the past and found him willing and eager to repeat his performances as defined by the present Krugman.
[2] The Babbling Brooks of the
[3] In honor of that celebrated Communist stooge and liar and winner of the Pulitzer Prize for the
“He said that these people had to be "liquidated or melted in the hot fire of exile and labor into the proletarian mass". Duranty claimed that the Siberian labor camps were a means of giving individuals a chance to rejoin Soviet society but also said that for those who could not accept the system, "the final fate of such enemies is death." Duranty, though describing the system as cruel, says he has "no brief for or against it, nor any purpose save to try to tell the truth". He ends the article with the claim that the brutal collectivization campaign which led to the famine was motivated by the "hope or promise of a subsequent raising up" of Asian-minded masses in the
[5] 1938 in 2010 By Paul Krugman [Emphasis is mine in all quotes.] Published:
http://www.nytimes.com/2010/09/06/opinion/06krugman.html?src=me&ref=general
[6] Krugman Receives the Ultimate Insult: The Swede's Bozo Prize for Leftist Stooges.
[7] 650,000 Strawdogs Bark at the Moon. The Obama ‘Recovery’ is a Numerical Monkey Circus
[8] Belligerent Ignorance, Phony Economics and the Clunker Crusaders:
[12] pat·zer (ptsr, pät-) n. Slang A poor or amateurish chess player.[Probably from German, bungler, from patzen, to bungle. http://www.thefreedictionary.com/patzer
[14] Another Leftist Bondage Scheme for the Bond Gods. Krugman Speaks of the Evils of the Austerians
http://ryckki.blogspot.com/2010/08/another-leftist-bondage-scheme-for-bond.html
[15] Krugman Ignores the Fact that Obama has Trashed the
http://ryckki.blogspot.com/2010/08/krugman-ignores-fact-that-obama-has.html
[16] US Economics Sink into Oblivion but Mystagogues like Krugman Recite the Same Old Runes.
Krugman Traps Himself in his Trappy Claptrap over EU Funny Money
[18] Krugman Searches for His Own Truth in an Irish Mirror. He Reflects upon the Mirror and Finds Himself as Originator of the Eternal Solution. Tax and Spend.
[19] Krugman Offers an Essay on Misdirecting Political Power. We can Control the Banks and prevent the Next Crises, but No Details, Just give us Power.
[20] Krugman UnMakes a Euromess and Recommends a California-style Mess. Bigger Government is Always the Solution http://rycksrationalizations.blogtownhall.com/2010/02/15/krugman_unmakes_a_euromess_and_recommends_a_california-style_mess_bigger_government_is_always_the_solution.thtml
[22] Krugman Unlearns for Us by Distorting Learnings about
[23] Krugman Calls for More Stimulus. What Else is New?? More Debt and Bigger Government and a Bigger Depression!
[24] Krugman Calls to Pass Bills and We can Merely Unpass Them Later.
[25] Krugman Offers Us Naïve Fairy Tales about Financial Disasters and the Lessons We Should Learn from them.
[26] Krugman Can Afford to Talk About Affordable Truths Because Talk is Still Cheap and So Is Your Tax Monies for Liberals.
[27] Krugman of the
[28] Krugman Exhausts His Vocabulary by Monotonously Reciting the Only Two Words He Understands In Economics: Tax And Spend. Let’s Tax the Stock Markets!!
[29] Krugman Menaces the Fear of Phantoms and Questions Obama with his Menacing Quips. Tax and Spend and Damn the Inflation.
[30] Paul Krugman Juggles Apples and
[31] Paul Krugman Clarifies the Outcome of the NJ Gubernatorial Race for Us: Spend More! Spend More! Spend More!
[32] Paul Krugman Mumbles about Misguided Monetary Mentalities and Offers Other Hokums about our Currency
[33] Krugman Confuses Bacchus, Baucus and Baloney with the Threshold for Healthcare. Not Enough Big Government in the Latest Episode
[34] Averting the Worst in Liberalism as Contrasted by Paul Krugman. Tax and Spend our way to Prosperity.
[37] Krugman Boils a Pot Boiler about Boiling Frogs. Another Propaganda Exercise Example. Tax Alert!
[39] Krugman Offers a World-Wide Trade War as He Argues for Cap and Trade.
[40] Krugman Scares Us with His Big Inflation Scare Screed. We Will Rapidly Inflate and He Knows This.
[41] Krugman Talks of Paralysis in
[44] Krugman Bores us with Boring Banking Histories and Praises Islamic Banking. A New Grab for Power is in the Offering.
[45] Krugman of the
[46] Krugman of the
[47] Krugman of the
[48] Battling Nostrums at The
[49] Krugman of the
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