Posted by: Obamas brownnosing media network | July 26, 2009, 11:02 am 11:02 am
I wish it was.
Posted by: jan | July 26, 2009, 11:19 am 11:19 am
Krugman is to economists what I am to astronauts. In other words, he’s not one. He’s an uber liberal hack writer. That he received some kind of award is testament to those awards being meaningless.
There is one place in history that Krugman could have been an economist. That would have been in the USSR under Stalin circa late 1940s.
Its a disgrace that you have in your show so often. Thus, I will never watch again when Krugman is on.
Posted by: Sam | July 26, 2009, 11:35 am 11:35 am
Wow, Krugman (who didn’t see the current economic crisis coming and by some accounts advocated the housing bubble) continues to surprise. His opinion is comical at best…
Posted by: Common Sense | July 26, 2009, 11:50 am 11:50 am
Sam:”Krugman is to economists what I am to astronauts. In other words, he’s not one. He’s an uber liberal hack writer. That he received some kind of award is testament to those awards being meaningless.”
You mean meaningless awardS, right? The bigger ones he has been awarded are the Nobel prize in Economics, John Bates Clark Medal 1991 (described by conservative Economist magazine as “slightly harder to get than a Nobel prize), H.C. Recktenwald Prize in Economics, and 1995 Adam Smith Award?
Just going for the most well known one, why did this long time Princeton professor – sorry, hack – get the Nobel anyhow? “By having integrated economies of scale into explicit general equilibrium models, Paul Krugman has deepened our understanding of the determinants of trade and the location of economic activity.”
But Republicans don’t care about listening to experts in their fields unless they agree with them. It’s so much better to go from the gut and stay the course you know.
jhw539 – He didn’t foresee the downturn, at least not openly. That is enough for me to discount him. Remember Bernanke is on video saying that housing and the financial sector were robust several months before it came crashing down. If you want credibility look to Ron Paul and Peter Schiff who explained exactly what was going to happen and why..
Posted by: Huh | July 26, 2009, 12:43 pm 12:43 pm
This guy is an idiot he needs to go outside and look whats happening its getting worse unemployment is rising prices are rising and obama screwed the pooch with the stimulus, health care and cap and trade ,change we can believe in bull anybody for president in 2012 except jimmey carter clinton obama
Posted by: john | July 26, 2009, 1:22 pm 1:22 pm
Krugman is amazing.
He refuses to say what his bottom line is for a healthcare bill?
Why, because it then becomes a negotiating point???
Who does he think he is? He has no skin in the game. He is on thee show because he is a commentator. If he refuses to comment, then get him off the air.
This guy is so obnoxious, and full of himself that I can’t watch him anymore.
Posted by: Ron Stidmon | July 26, 2009, 1:36 pm 1:36 pm
I’m in exact agreement with Mr. Stidmon. What the arrogant Mr. Krugman is saying is in terms of where the collateral damage is this recession may be over. In other words, the blue bloods insulated from this recession, are viewing the millions who are currently unemployed are all part of the equation and are essentially, numerical paper data. Don’t look behind the curtain though and see their personal story of families destroyed and permanently affected by the homes they’ve lost, the neighborhoods and towns they’ve been uprooted from, and the overall devastating effect in their lives. The truth is all this news reporting has become a voyeuristic entertainment enterprise with no real compassion. The metaphor for this is the final segment in all their news coverage. Charlie Gibson wraps his evening stint by putting a “Smiley
Face” on it all, and says “I hope you have a nice day”. That’s what Krugman is doing. He’s putting a smiley face on it by essentially saying, “the worse is over, and it’s not really all that bad.” “I still have my job at the NY Times making six figures and plenty of bad and negative news to write about. All is good.”
Posted by: Don | July 26, 2009, 2:03 pm 2:03 pm
I heard this guy speak on TV today. I wasn’t impressed.
Posted by: LongT | July 26, 2009, 2:23 pm 2:23 pm
Looks like mostly McCain followers are ruling the boards today. I find Krugman quite the deep thinker, and his observations are often prophetic. It sounds like many here hope that the recession continues. What a bunch of naysayers that backed a losing candidate and who now suffer from sour grapitis.
Don:”. What the arrogant Mr. Krugman is saying is in terms of where the collateral damage is this recession may be over. In other words, the blue bloods insulated from this recession, are viewing the millions who are currently unemployed are all part of the equation and are essentially, numerical paper data. Don’t look behind the curtain though and see their personal story of families destroyed”
You look like an idiot saying that in light of the fact that Krugman was a strong proponent of a stimulus twice the size and believes full, 100% nationalized healthcare is the way to go. In the cultural wars, this guy is with the unemployed family on welfare throwing rocks at the rich.
When the Dow Jones breaks 10,000, I think we can say the recession is officially over. As Krugman has suggested, employment is a lagging indicator.
I believe that because the way both the Bush and Obama administration’s Secretaries of Treasury and the FED handled the panic of 2008, they obverted a more painful outcome, which in deed come with a price.
In the longer view, the size of the government deficit will shrink, from tax revenue generation from a stronger and more robust economic comeback.
To prove the critics wrong, the Obama administration must reduce the size of the government foot print domestically and overseas in the up-trend of the next economic cycle and this will generates more than enough revenue for the administration wish list and bring the deficit back in line to 2 to 3 percent of the GNP.
Sunday job ads here consist of 1 1/2 pages on a page that has been reduced in size to about 2/3 of its original size. Sunday job ads used to be at least 3 to 4 pages. Prices continue to go up and package size continues to shrink in the stores. Price of housing never really went down here but home sales remain flat. I like Krugman and consider him correct about most things, but the recession/depression/whatever you want to call it is not over around here.
Posted by: jan | July 26, 2009, 4:26 pm 4:26 pm
Krugman believes in using inflation to facilitate government largesse. This philosophy will be our nation’s undoing.
Posted by: Ben | July 26, 2009, 4:41 pm 4:41 pm
This comment board appears to be dominated by Doom and Gloomers. Paul Krugman is just one in several economics experts that have advised recently that the recession appears to over and that the economy is growing again this quarter. However, this does not match the doom and gloom predictions of the Republican Doom and Gloomers, because it means that the efforts of the current Democratic administration to turn around the economy are succeeding. At some point soon, the Republicans will change their story and claim that they turned around the economy by complaining loudly about it.
Krugman lives on some other planet. The first ” stimulus” package that he pushed has not even been spent and is therefore having no effect. He has been pushing for a second stimulus package and now he says the recession is over? We would have been better of never to have passed the first one and ignored his advice. I am so sick of listening to him.
Posted by: brian | July 26, 2009, 5:18 pm 5:18 pm
Krugman is a nut job. Why is he on TV? Oh he makes ratings.
Ludwig von Mises won the Nobel for showing how the government causes inflation.
Krugman advocates more stimulus throwing money at the problem, which leads to Government waste in the 1st place.
Who do you think is right? The guy who predicted the crisis (Mises) or the guy who is advocating more of the problem (wasteful spending of taxpayer money) as the solution??? (Krugman)
Thoughts???
Posted by: hmn | July 26, 2009, 5:38 pm 5:38 pm
Paul Krugman seems like a nice enough little guy. A little too chubby and a little too pink though! I guess that makes him the perfect Princeton Prof.
By the way, the Nobel Peace Prize lost any value for me when it was awarded to the likes of Jimmy Carter and Albert Gore. Nice check but a worthless award for losers.
The CBO clearly shows that the current Healthcare proposal is going to cost this nation plenty and ruin the lives of our children and grandchildren with the debt that has been escalating since January 20th. Mr. Krugman tends to write this Office off as misguided, even though it is comprised of the liberal bureaucrats with whom he chooses to associate. His statements and insight on economics and the economy do not appear to be made for the purpose of educating or providing enlightenment, but rather to make sure the pendulum is kept far left of center.
I get a sense that under that Plaid Prof coat he wears, there is a pocket protector with 5 Bic pens and at night he sits in his room rubbing his hands together while drooling and “reading” his latest issue of Playboy!
Posted by: Joe in Decatur | July 26, 2009, 5:47 pm 5:47 pm
redrockraven – Doom and gloomers, eh? Our country is on fiscal life support. Don’t kid yourself. The latest is $24 trillion. We have to make stuff again and get a whole lot poorer. Both of which are going to happen no matter how rosy you see things.
Posted by: Huh | July 26, 2009, 6:56 pm 6:56 pm
redrockraven – Oh, and the republicans lately are almost as bad as the democrats.
Posted by: Huh | July 26, 2009, 6:58 pm 6:58 pm
Until we have hiring managers and HR professionals who are not afraid to hire people more qualified they they are the unemployment numbers will not improve. I have had too many interviews with 30 something’s that are simply not qualified to make decisions on the positions they are hiring for. Most hiring managers need to understand that the generation of people who built the companies they are working for are the generation they are interviewing. This IS THE reason US companies are continual getting their rear waxed on the global economic front. Simply put most US firms are run by the inexperienced, unqualified, but cheap. Until this changes we will be on a downward slide.
Posted by: Zed | July 26, 2009, 7:59 pm 7:59 pm
Doc G-The total debt was $53 trillion in 2007. It is a lot hirer now. Seems all those folks with credentials are doing a bang up job.
Posted by: Huh | July 26, 2009, 8:38 pm 8:38 pm
Doc G-Blame both dems and reps. This is not a partisan issue. Both have buried us over the last several decades.
Posted by: Huh | July 26, 2009, 8:39 pm 8:39 pm
please, i invite any krugman bashers (read: people who have absolutely no understanding of economics) to step to the front of the line and win the nobel prize in econ or see how receptive other economists are to your “ideas.” there’s a reason this guy is at princeton and won the nobel prize: he’s one of the most respected economists in the world. there’s nothing funnier than the dumb, uneducated rabble (ie, republicans) saying how it should all work after they just spent 8 years messing it all up. yeah, you’re the one’s we should be listening to. riiight.
Posted by: rich | July 26, 2009, 8:56 pm 8:56 pm
God I’m glad to hear that from Klugman. The ones who are rejecting an end of the worst recession in my lifetime…. must be NUTS.
Krugman’s comment is based on the economists’ technical definition of recession. That is, 2 consecutive quarters of GDP contraction. While the economists might have a reason to define recession that way, this measurement does not necessarily reflect real life situations. As he pointed out, after the 2001 recession ended, unemployment continued to rise for a year and half. If that is what he meant by recession is over, never mind what he said.
One final comment. While the recession might have been over in the technical sense, it’s not impossible for the economy to fall into another recession again before the unemployment rate goes down. This thing is called double-dip recession in economic theory. It happened.
All I know is what I read and what my unemployed and angry neighbors tell me. Unemployment is at 9.6%. Nearly 20 million Americans are jobless. Millions more are hanging by the thread with minimum jobs (less than 30 hrs a week) at minimum wages (less than $8.00 an hour). The following states have unemployment rates above 10 percent: Alabama (10.1%); California (11.6%); Florida (10.6%); Georgia (10.1%); Indiana (10.7%); Illinois (10.3%); Michigan (15.2%); Oregon (12.2%); Ohio (11.1%); North Carolina (11.0%) Nevada (12.0%); RI (12.4%); South Carolina (12.1%); Tennessee (10.8%) and Kentucky (10.9%). Can we cut-out Mr. Krugman’s prediction and take it to Safeway, Kroger’s, Wal-Mart, or Burger King and purchase anything with it? If the answer is “Yes,” then Mr. Krugman’s statement is worth something. If the answer is “No;” well then, it doesn’t mean a thing.
Posted by: Percy | July 27, 2009, 12:28 am 12:28 am
Hey George,
Ummm… why are you interviewing this guy? Why don’t you interview Peter Schiff? Or Lew Rockwell? Or Thomas Woods Jr? Or Jim Puplava? Or any other economist who actually knows what the hell they are talking about.
The next time you want to interview Paul Krugman, please interview a five year old girl instead. Her opinion on the economy will likely be just as accurate as Mr. Krugman’s.
Posted by: Dave | July 27, 2009, 1:53 am 1:53 am
What does this phony HACK know? He hasn’t been right about anything yet. Tell it to the millions of people who have lost their jobs and are still waiting for Obummer’s “stimulus” to take hold. They’ll be waiting for a very long time because the the porkulus bill was a pay for play scheme by the leftist loons in Congress, a give-away to keep these incompetent losers in power. They had better start looking for new jobs very soon. We’ve had it with these corrupt career politicians.
Posted by: Sunnyr | July 27, 2009, 2:13 am 2:13 am
John,
In the final moments of your Round Table Show, you post the names of the Serviceman that lost their lives during the past week in Iraq and Afganastan. Could you slow down the tape with their names, branch of service and home town? They paid a big price to make it on to this list and it will probably be the last time that most of the American People have a chance to pay thrie respect. Thanks & semper Fi.
Hank Kawa
Msgt USMC Ret
What the arrogant Mr. Krugman is saying is in terms of where the collateral damage is this recession may be over. In other words, the blue bloods insulated from this recession, are viewing the millions who are currently unemployed are all part of the equation and are essentially, numerical paper data. Don’t look behind the curtain though and see their personal story of families destroyed”
AGREED I think there will be another 1 million foreclosures this year.
Dear George, You are an inteligent man. Why in the world would you actually have an idiot like this on your show ?
Hey, if you really want to know about the”Ression, Depression “, interview an average American like myself. The working people. We will tell you the truth !! It Aint even near over. Just go to the grocery store, you know, the place you don’t sit down to eat. Try to understand the average american worker, if you can find one working, will tell you what’s really up !! Just cause you people in “The Buble” say it looks good, you are way off Base !! Get into reality with America, not the politicians, BS !!!!
The economy will normalize a few months after the gas prices stabilze at or below $2 a gallon. This is the true reason for the recession in the first place. The crisis while real to the people has been manufactured because too many of the nation’s underclass were becoming middle class and too many small businesses were becoming non-union. So hit them where it hurts: bring up the diesel prices so they are above gas prices forcing small non-union businesses out of the competition. Then bring up the regular gas prices so that those on the periphery can only work and stay home (if they can afford to even drive to work). Of course then there’s the middle income people who lose their jobs when businesses go under…but everyone is so busy worrying about how to make ends meet that the government can do whatever it wants without being noticed.
Posted by: Dede | August 9, 2009, 11:23 am 11:23 am
Hey “Common sense” “Krugman who “didn’t see the current economic crisis coming”
Well, actually, he sort of did, you see. He spelled it all out in his columns years ago, after the near meltdown of our financial system caused by Long Term Capital Management. Look it up if you can be bothered.
Posted by: paul | August 12, 2009, 7:58 pm 7:58 pm
And hey “common sense” you wrote that Krugman “by some accounts advocated the housing bubble”. Well, those “accounts” would be lies. Krugman warned more clearly than anyone about the housing bubble. LOOK IT UP IN HIS PREVIOUS COLUMNS.
Posted by: paul | August 12, 2009, 8:02 pm 8:02 pm
Count me among those who will not watch when this bozo is This Week. I’ve been watching for many years and like George S. but I just can’t bear watching Krugman. His recent comments claiming that all Republicans are engaging in fearmongering as opposed to being legitimately against health care was insulting and despicable. Count me among those who don’t listen to talk radio but am opposed to more government involvement in health care. I don’t need this idiot to tell me what I think.
Posted by: Chuck | August 14, 2009, 10:58 am 10:58 am
George Stephanopoulos is anchor of ABC's "Good Morning America" and "This Week." He is also the network's chief political correspondent, reporting on political and policy stories for all ABC News broadcasts and platforms.
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Obama Avoids Questions on Contraception Rule
What a funny little guy lmao
Posted by: Obamas brownnosing media network | July 26, 2009, 11:02 am 11:02 am
I wish it was.
Posted by: jan | July 26, 2009, 11:19 am 11:19 am
Krugman is to economists what I am to astronauts. In other words, he’s not one. He’s an uber liberal hack writer. That he received some kind of award is testament to those awards being meaningless.
There is one place in history that Krugman could have been an economist. That would have been in the USSR under Stalin circa late 1940s.
Its a disgrace that you have in your show so often. Thus, I will never watch again when Krugman is on.
Posted by: Sam | July 26, 2009, 11:35 am 11:35 am
Wow, Krugman (who didn’t see the current economic crisis coming and by some accounts advocated the housing bubble) continues to surprise. His opinion is comical at best…
Posted by: Common Sense | July 26, 2009, 11:50 am 11:50 am
Sam:”Krugman is to economists what I am to astronauts. In other words, he’s not one. He’s an uber liberal hack writer. That he received some kind of award is testament to those awards being meaningless.”
You mean meaningless awardS, right? The bigger ones he has been awarded are the Nobel prize in Economics, John Bates Clark Medal 1991 (described by conservative Economist magazine as “slightly harder to get than a Nobel prize), H.C. Recktenwald Prize in Economics, and 1995 Adam Smith Award?
Just going for the most well known one, why did this long time Princeton professor – sorry, hack – get the Nobel anyhow? “By having integrated economies of scale into explicit general equilibrium models, Paul Krugman has deepened our understanding of the determinants of trade and the location of economic activity.”
But Republicans don’t care about listening to experts in their fields unless they agree with them. It’s so much better to go from the gut and stay the course you know.
Posted by: jhw539 | July 26, 2009, 12:38 pm 12:38 pm
jhw539 – He didn’t foresee the downturn, at least not openly. That is enough for me to discount him. Remember Bernanke is on video saying that housing and the financial sector were robust several months before it came crashing down. If you want credibility look to Ron Paul and Peter Schiff who explained exactly what was going to happen and why..
Posted by: Huh | July 26, 2009, 12:43 pm 12:43 pm
This guy is an idiot he needs to go outside and look whats happening its getting worse unemployment is rising prices are rising and obama screwed the pooch with the stimulus, health care and cap and trade ,change we can believe in bull anybody for president in 2012 except jimmey carter clinton obama
Posted by: john | July 26, 2009, 1:22 pm 1:22 pm
Krugman is amazing.
He refuses to say what his bottom line is for a healthcare bill?
Why, because it then becomes a negotiating point???
Who does he think he is? He has no skin in the game. He is on thee show because he is a commentator. If he refuses to comment, then get him off the air.
This guy is so obnoxious, and full of himself that I can’t watch him anymore.
Posted by: Ron Stidmon | July 26, 2009, 1:36 pm 1:36 pm
I’m in exact agreement with Mr. Stidmon. What the arrogant Mr. Krugman is saying is in terms of where the collateral damage is this recession may be over. In other words, the blue bloods insulated from this recession, are viewing the millions who are currently unemployed are all part of the equation and are essentially, numerical paper data. Don’t look behind the curtain though and see their personal story of families destroyed and permanently affected by the homes they’ve lost, the neighborhoods and towns they’ve been uprooted from, and the overall devastating effect in their lives. The truth is all this news reporting has become a voyeuristic entertainment enterprise with no real compassion. The metaphor for this is the final segment in all their news coverage. Charlie Gibson wraps his evening stint by putting a “Smiley
Face” on it all, and says “I hope you have a nice day”. That’s what Krugman is doing. He’s putting a smiley face on it by essentially saying, “the worse is over, and it’s not really all that bad.” “I still have my job at the NY Times making six figures and plenty of bad and negative news to write about. All is good.”
Posted by: Don | July 26, 2009, 2:03 pm 2:03 pm
I heard this guy speak on TV today. I wasn’t impressed.
Posted by: LongT | July 26, 2009, 2:23 pm 2:23 pm
Looks like mostly McCain followers are ruling the boards today. I find Krugman quite the deep thinker, and his observations are often prophetic. It sounds like many here hope that the recession continues. What a bunch of naysayers that backed a losing candidate and who now suffer from sour grapitis.
Posted by: WestCoastMessenger | July 26, 2009, 2:52 pm 2:52 pm
Don:”. What the arrogant Mr. Krugman is saying is in terms of where the collateral damage is this recession may be over. In other words, the blue bloods insulated from this recession, are viewing the millions who are currently unemployed are all part of the equation and are essentially, numerical paper data. Don’t look behind the curtain though and see their personal story of families destroyed”
You look like an idiot saying that in light of the fact that Krugman was a strong proponent of a stimulus twice the size and believes full, 100% nationalized healthcare is the way to go. In the cultural wars, this guy is with the unemployed family on welfare throwing rocks at the rich.
Posted by: jhw539 | July 26, 2009, 4:01 pm 4:01 pm
When the Dow Jones breaks 10,000, I think we can say the recession is officially over. As Krugman has suggested, employment is a lagging indicator.
I believe that because the way both the Bush and Obama administration’s Secretaries of Treasury and the FED handled the panic of 2008, they obverted a more painful outcome, which in deed come with a price.
In the longer view, the size of the government deficit will shrink, from tax revenue generation from a stronger and more robust economic comeback.
To prove the critics wrong, the Obama administration must reduce the size of the government foot print domestically and overseas in the up-trend of the next economic cycle and this will generates more than enough revenue for the administration wish list and bring the deficit back in line to 2 to 3 percent of the GNP.
Posted by: threeriverscrossing | July 26, 2009, 4:06 pm 4:06 pm
Sunday job ads here consist of 1 1/2 pages on a page that has been reduced in size to about 2/3 of its original size. Sunday job ads used to be at least 3 to 4 pages. Prices continue to go up and package size continues to shrink in the stores. Price of housing never really went down here but home sales remain flat. I like Krugman and consider him correct about most things, but the recession/depression/whatever you want to call it is not over around here.
Posted by: jan | July 26, 2009, 4:26 pm 4:26 pm
Krugman believes in using inflation to facilitate government largesse. This philosophy will be our nation’s undoing.
Posted by: Ben | July 26, 2009, 4:41 pm 4:41 pm
This comment board appears to be dominated by Doom and Gloomers. Paul Krugman is just one in several economics experts that have advised recently that the recession appears to over and that the economy is growing again this quarter. However, this does not match the doom and gloom predictions of the Republican Doom and Gloomers, because it means that the efforts of the current Democratic administration to turn around the economy are succeeding. At some point soon, the Republicans will change their story and claim that they turned around the economy by complaining loudly about it.
Posted by: redrockraven | July 26, 2009, 4:48 pm 4:48 pm
Krugman lives on some other planet. The first ” stimulus” package that he pushed has not even been spent and is therefore having no effect. He has been pushing for a second stimulus package and now he says the recession is over? We would have been better of never to have passed the first one and ignored his advice. I am so sick of listening to him.
Posted by: brian | July 26, 2009, 5:18 pm 5:18 pm
Krugman is a nut job. Why is he on TV? Oh he makes ratings.
Posted by: ChicagoBob | July 26, 2009, 5:24 pm 5:24 pm
Ludwig von Mises won the Nobel for showing how the government causes inflation.
Krugman advocates more stimulus throwing money at the problem, which leads to Government waste in the 1st place.
Who do you think is right? The guy who predicted the crisis (Mises) or the guy who is advocating more of the problem (wasteful spending of taxpayer money) as the solution??? (Krugman)
Thoughts???
Posted by: hmn | July 26, 2009, 5:38 pm 5:38 pm
Paul Krugman seems like a nice enough little guy. A little too chubby and a little too pink though! I guess that makes him the perfect Princeton Prof.
By the way, the Nobel Peace Prize lost any value for me when it was awarded to the likes of Jimmy Carter and Albert Gore. Nice check but a worthless award for losers.
The CBO clearly shows that the current Healthcare proposal is going to cost this nation plenty and ruin the lives of our children and grandchildren with the debt that has been escalating since January 20th. Mr. Krugman tends to write this Office off as misguided, even though it is comprised of the liberal bureaucrats with whom he chooses to associate. His statements and insight on economics and the economy do not appear to be made for the purpose of educating or providing enlightenment, but rather to make sure the pendulum is kept far left of center.
I get a sense that under that Plaid Prof coat he wears, there is a pocket protector with 5 Bic pens and at night he sits in his room rubbing his hands together while drooling and “reading” his latest issue of Playboy!
Posted by: Joe in Decatur | July 26, 2009, 5:47 pm 5:47 pm
redrockraven – Doom and gloomers, eh? Our country is on fiscal life support. Don’t kid yourself. The latest is $24 trillion. We have to make stuff again and get a whole lot poorer. Both of which are going to happen no matter how rosy you see things.
Posted by: Huh | July 26, 2009, 6:56 pm 6:56 pm
redrockraven – Oh, and the republicans lately are almost as bad as the democrats.
Posted by: Huh | July 26, 2009, 6:58 pm 6:58 pm
Until we have hiring managers and HR professionals who are not afraid to hire people more qualified they they are the unemployment numbers will not improve. I have had too many interviews with 30 something’s that are simply not qualified to make decisions on the positions they are hiring for. Most hiring managers need to understand that the generation of people who built the companies they are working for are the generation they are interviewing. This IS THE reason US companies are continual getting their rear waxed on the global economic front. Simply put most US firms are run by the inexperienced, unqualified, but cheap. Until this changes we will be on a downward slide.
Posted by: Zed | July 26, 2009, 7:59 pm 7:59 pm
Doc G-The total debt was $53 trillion in 2007. It is a lot hirer now. Seems all those folks with credentials are doing a bang up job.
Posted by: Huh | July 26, 2009, 8:38 pm 8:38 pm
Doc G-Blame both dems and reps. This is not a partisan issue. Both have buried us over the last several decades.
Posted by: Huh | July 26, 2009, 8:39 pm 8:39 pm
please, i invite any krugman bashers (read: people who have absolutely no understanding of economics) to step to the front of the line and win the nobel prize in econ or see how receptive other economists are to your “ideas.” there’s a reason this guy is at princeton and won the nobel prize: he’s one of the most respected economists in the world. there’s nothing funnier than the dumb, uneducated rabble (ie, republicans) saying how it should all work after they just spent 8 years messing it all up. yeah, you’re the one’s we should be listening to. riiight.
Posted by: rich | July 26, 2009, 8:56 pm 8:56 pm
God I’m glad to hear that from Klugman. The ones who are rejecting an end of the worst recession in my lifetime…. must be NUTS.
Posted by: tychisum | July 26, 2009, 9:48 pm 9:48 pm
Krugman’s comment is based on the economists’ technical definition of recession. That is, 2 consecutive quarters of GDP contraction. While the economists might have a reason to define recession that way, this measurement does not necessarily reflect real life situations. As he pointed out, after the 2001 recession ended, unemployment continued to rise for a year and half. If that is what he meant by recession is over, never mind what he said.
Posted by: DelegateMath | July 26, 2009, 10:34 pm 10:34 pm
One final comment. While the recession might have been over in the technical sense, it’s not impossible for the economy to fall into another recession again before the unemployment rate goes down. This thing is called double-dip recession in economic theory. It happened.
Posted by: DelegateMath | July 26, 2009, 10:53 pm 10:53 pm
All I know is what I read and what my unemployed and angry neighbors tell me. Unemployment is at 9.6%. Nearly 20 million Americans are jobless. Millions more are hanging by the thread with minimum jobs (less than 30 hrs a week) at minimum wages (less than $8.00 an hour). The following states have unemployment rates above 10 percent: Alabama (10.1%); California (11.6%); Florida (10.6%); Georgia (10.1%); Indiana (10.7%); Illinois (10.3%); Michigan (15.2%); Oregon (12.2%); Ohio (11.1%); North Carolina (11.0%) Nevada (12.0%); RI (12.4%); South Carolina (12.1%); Tennessee (10.8%) and Kentucky (10.9%). Can we cut-out Mr. Krugman’s prediction and take it to Safeway, Kroger’s, Wal-Mart, or Burger King and purchase anything with it? If the answer is “Yes,” then Mr. Krugman’s statement is worth something. If the answer is “No;” well then, it doesn’t mean a thing.
Posted by: Percy | July 27, 2009, 12:28 am 12:28 am
Hey George,
Ummm… why are you interviewing this guy? Why don’t you interview Peter Schiff? Or Lew Rockwell? Or Thomas Woods Jr? Or Jim Puplava? Or any other economist who actually knows what the hell they are talking about.
The next time you want to interview Paul Krugman, please interview a five year old girl instead. Her opinion on the economy will likely be just as accurate as Mr. Krugman’s.
Posted by: Dave | July 27, 2009, 1:53 am 1:53 am
What does this phony HACK know? He hasn’t been right about anything yet. Tell it to the millions of people who have lost their jobs and are still waiting for Obummer’s “stimulus” to take hold. They’ll be waiting for a very long time because the the porkulus bill was a pay for play scheme by the leftist loons in Congress, a give-away to keep these incompetent losers in power. They had better start looking for new jobs very soon. We’ve had it with these corrupt career politicians.
Posted by: Sunnyr | July 27, 2009, 2:13 am 2:13 am
John,
In the final moments of your Round Table Show, you post the names of the Serviceman that lost their lives during the past week in Iraq and Afganastan. Could you slow down the tape with their names, branch of service and home town? They paid a big price to make it on to this list and it will probably be the last time that most of the American People have a chance to pay thrie respect. Thanks & semper Fi.
Hank Kawa
Msgt USMC Ret
Posted by: Hank Kawa | July 27, 2009, 12:06 pm 12:06 pm
What the arrogant Mr. Krugman is saying is in terms of where the collateral damage is this recession may be over. In other words, the blue bloods insulated from this recession, are viewing the millions who are currently unemployed are all part of the equation and are essentially, numerical paper data. Don’t look behind the curtain though and see their personal story of families destroyed”
AGREED I think there will be another 1 million foreclosures this year.
Posted by: ChicagoBob | July 28, 2009, 11:17 pm 11:17 pm
Dear George, You are an inteligent man. Why in the world would you actually have an idiot like this on your show ?
Hey, if you really want to know about the”Ression, Depression “, interview an average American like myself. The working people. We will tell you the truth !! It Aint even near over. Just go to the grocery store, you know, the place you don’t sit down to eat. Try to understand the average american worker, if you can find one working, will tell you what’s really up !! Just cause you people in “The Buble” say it looks good, you are way off Base !! Get into reality with America, not the politicians, BS !!!!
Posted by: emndix | July 28, 2009, 11:41 pm 11:41 pm
We’ve got people living in tents and the recession is sort of over?
It it feels like a recession, it is a recession!
Posted by: lambert strether | August 2, 2009, 2:15 pm 2:15 pm
The economy will normalize a few months after the gas prices stabilze at or below $2 a gallon. This is the true reason for the recession in the first place. The crisis while real to the people has been manufactured because too many of the nation’s underclass were becoming middle class and too many small businesses were becoming non-union. So hit them where it hurts: bring up the diesel prices so they are above gas prices forcing small non-union businesses out of the competition. Then bring up the regular gas prices so that those on the periphery can only work and stay home (if they can afford to even drive to work). Of course then there’s the middle income people who lose their jobs when businesses go under…but everyone is so busy worrying about how to make ends meet that the government can do whatever it wants without being noticed.
Posted by: Dede | August 9, 2009, 11:23 am 11:23 am
Hey “Common sense” “Krugman who “didn’t see the current economic crisis coming”
Well, actually, he sort of did, you see. He spelled it all out in his columns years ago, after the near meltdown of our financial system caused by Long Term Capital Management. Look it up if you can be bothered.
Posted by: paul | August 12, 2009, 7:58 pm 7:58 pm
And hey “common sense” you wrote that Krugman “by some accounts advocated the housing bubble”. Well, those “accounts” would be lies. Krugman warned more clearly than anyone about the housing bubble. LOOK IT UP IN HIS PREVIOUS COLUMNS.
Posted by: paul | August 12, 2009, 8:02 pm 8:02 pm
Count me among those who will not watch when this bozo is This Week. I’ve been watching for many years and like George S. but I just can’t bear watching Krugman. His recent comments claiming that all Republicans are engaging in fearmongering as opposed to being legitimately against health care was insulting and despicable. Count me among those who don’t listen to talk radio but am opposed to more government involvement in health care. I don’t need this idiot to tell me what I think.
Posted by: Chuck | August 14, 2009, 10:58 am 10:58 am