Nobel prize winning economist predicts Biden economic juggernaut

[anonymoose]

. . Paul Krugman the lord of wrong predictions
It is the rare human who can be found wrong about nearly all of his opinions and predictions. It’s an even rarer human whose predictions have been consistently wrong, and yet dismisses the dismal track record and shamelessly makes more predictions. You’d think he would seek another line of work
https://www.bizpacreview.com/2018/01/22/paul-krugman-lord-wrong-predictions-592049/

 

[T. A. Gardner]

not only that but BIden wants more taxes and regulations

what is that going to do to the current recovery?

My predictions on a few things based on Biden's promises:

Gasoline goes to $4.00 + a gallon.
Your electric bill goes up by 25 to 50%.
Battery cars remain unpopular even as the government gives big rebates.
Retrofitting old buildings proves horrendously expensive by as much as ten or more times than predicted.
The cost of consumer goods rises significantly due to new regulations

Biden stumbles through speech after speech trying to convince the public that it's all for their own good.

2022, the Republicans crush the Democrats in congressional races and start investigating Biden's corrupt family like the Democrats did with Trump, only this time there's actual dirt and lots of it...

 

[anatta]

My predictions on a few things based on Biden's promises:

Gasoline goes to $4.00 + a gallon.
Your electric bill goes up by 25 to 50%.
Battery cars remain unpopular even as the government gives big rebates.
Retrofitting old buildings proves horrendously expensive by as much as ten or more times than predicted.
The cost of consumer goods rises significantly due to new regulations

Biden stumbles through speech after speech trying to convince the public that it's all for their own good.

2022, the Republicans crush the Democrats in congressional races and start investigating Biden's corrupt family like the Democrats did with Trump, only this time there's actual dirt and lots of it...

they look good.
the only thing might be the gas prices - since the demand will be down as thy crush economic growth
with green junk regs and taxes.
I cant seriously think they will get any retrofitting done -but sure there will a gigantimous budget for that monstrosity

 

[BartenderElite]

My predictions on a few things based on Biden's promises:

Gasoline goes to $4.00 + a gallon.
Your electric bill goes up by 25 to 50%.
Battery cars remain unpopular even as the government gives big rebates.
Retrofitting old buildings proves horrendously expensive by as much as ten or more times than predicted.
The cost of consumer goods rises significantly due to new regulations

Biden stumbles through speech after speech trying to convince the public that it's all for their own good.

2022, the Republicans crush the Democrats in congressional races and start investigating Biden's corrupt family like the Democrats did with Trump, only this time there's actual dirt and lots of it...

When Obama passed his stimulus - were you one of the many conservatives who predicted it would lead us into a Depression?

 

[anatta]

When Obama passed his stimulus - were you one of the many conservatives who predicted it would lead us into a Depression?

what in gawds name does an Obama stimulus to get us out of a recession have to do with Biden's tax increases/regs crushing the current recovery?

 

[T. A. Gardner]

When Obama passed his stimulus - were you one of the many conservatives who predicted it would lead us into a Depression?

No, I was one of the people who predicted it would do little or nothing, and I was proved correct in that prediction.

 

[BartenderElite]

what in gawds name does an Obama stimulus to get us out of a recession have to do with Biden's tax increases
crushing the current recovery?

The fact that Republicans are generally wrong about what will happen under Democrat admins.

Ever since Clinton, all I've heard when a Dem is elected is that we're "going socialist" and that it will be terrible for the economy. Instead, we've prospered under Democrats.

The pattern is generally the same. Republicans crash the economy, and Democrats fix it. This isn't my opinion. This is modern history.

 

[Legion]

That was Fake News.

 

[BartenderElite]

No, I was one of the people who predicted it would do little or nothing, and I was proved correct in that prediction.

No - you actually weren't, at all. It did exactly what it was supposed to do. The economy was in a freefall from Bush's crash, and it righted the ship. It delivered as many jobs as promised, and got us into a recovery.

It was a great success.

 

[Legion]

The fact that Republicans are generally wrong about what will happen under Democrat admins. Ever since Clinton, all I've heard when a Dem is elected is that we're "going socialist" and that it will be terrible for the economy. Instead, we've prospered under Democrats. The pattern is generally the same. Republicans crash the economy, and Democrats fix it. This isn't my opinion. This is modern history.

So you say. Tell me how you "prospered" under Obama.

 

[Legion]

The economy was in a freefall from Bush's crash, and it righted the ship. It delivered as many jobs as promised, and got us into a recovery. It was a great success.

Who told you that?

 

[Legion]

When Obama passed his stimulus - were you one of the many conservatives who predicted it would lead us into a Depression?

What "stimulus" did Obama supposedly "pass"?

 

[Legion]

Krugman's been wrong before

When it became clear that Donald Trump would win the presidential election late into the night on November 8th, 2016, the futures market initially panicked, with the Dow Jones shedding over 800 points.

Before the markets even had the chance to open the following day, Paul Krugman took to his failing New York Times column to predict they would never recover.

“It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover? If the question is when markets will recover, a first-pass answer is never.”

The Dow closed up 250 points the next morning.

 

[T. A. Gardner]

they look good.
the only thing might be the gas prices - since the demand will be down as thy crush economic growth

But with production down, and the cost of extraction up, gas prices will rise.

with green junk regs and taxes.

Going Green is very inefficient and expensive.

I cant seriously think they will get any retrofitting done -but sure there will a gigantimous budget for that monstrosity

I am well versed enough in the building trades to know that retrofitting for energy efficiency is very expensive. Between hazmat mitigation like lead and asbestos, mold abatement, and the actual improvements in energy efficiency, it makes zero sense for a commercial building owner that leases or rents that space to others to even bother to try and do it unless the government is willing to pay most or all of the cost. Same goes for leasers. They can write off their energy costs as an expense lowering their taxes. No incentive to improve efficiency there. Renters in apartments have no say in this and the landlord could really care less if they have to spend more for energy. It doesn't effect the rent they charge.

So, why would a landlord dump say, a million dollars into improving the energy efficiency of their apartment building if they can't vastly increase the rent to cover that cost? It only makes sense to them if they can charge more for the apartments and recoup their investment. Otherwise, they could care less if the renter pays $50 or $100 for electricity / gas.

What the Left would want is for the landlord to spend the million dollars, keep the rent the same, and have the renters pay less. What the landlord would do is refuse, and if that weren't possible the landlord might let the building stand empty or even have it demolished instead if the land it was on was valuable. The Left's view of economics is totally insane.

 

[T. A. Gardner]

No - you actually weren't, at all. It did exactly what it was supposed to do. The economy was in a freefall from Bush's crash, and it righted the ship. It delivered as many jobs as promised, and got us into a recovery.

It was a great success.

I can only speak about the projects in Arizona with reasonable knowledge. They were a waste of money and didn't produce many, if any jobs.

One was for interstate highway expansion that was already in progress. This allowed for a few more miles of expansion. In one case, a guy I know who does concrete contracting was doing the barriers running down the median. He was laying about 500 to 1000 yards of concrete per day. He got his contract expanded to do the new areas too. He hired three workers and had three contracts for this work going. The Obama administration counted those workers as NINE (9) new jobs because they counted them for each contract.

This was one of three stimulus contracts let for this in Arizona totaling $18 million.

Nice looking isn't it? It adds no value and has no return on investment. It was money thrown away on art.

Another $6 million went to art on the Phoenix light rail like this:

No ROI there either.

Most of the stimulus was just that, make work that added no ROI. It was a blip on the economy which then recovered on its own. That is the economy recovered despite Obama, not because of his actions.

 

[BartenderElite]

I can only speak about the projects in Arizona with reasonable knowledge. They were a waste of money and didn't produce many, if any jobs.

One was for interstate highway expansion that was already in progress. This allowed for a few more miles of expansion. In one case, a guy I know who does concrete contracting was doing the barriers running down the median. He was laying about 500 to 1000 yards of concrete per day. He got his contract expanded to do the new areas too. He hired three workers and had three contracts for this work going. The Obama administration counted those workers as NINE (9) new jobs because they counted them for each contract.

This was one of three stimulus contracts let for this in Arizona totaling $18 million.

Nice looking isn't it? It adds no value and has no return on investment. It was money thrown away on art.

Another $6 million went to art on the Phoenix light rail like this:

No ROI there either.

Most of the stimulus was just that, make work that added no ROI. It was a blip on the economy which then recovered on its own. That is the economy recovered despite Obama, not because of his actions.

Again - the idea was to right the ship. The gov't doesn't have the power to do much beyond what the stimulus did. At a certain point, the private sector has to take over.

And it did. Prior to the stimulus, the economy was in a freefall. Employers had no confidence to begin hiring.

The idea of the stimulus wasn't to create careers, or long-term jobs. It was just to get enough people working again - even if only temporarily. The market responded immediately (same day), and the private sector followed.

It was an incredible success.

 

[Celticguy]

Krugman ? Hahaha
Growth would resume under Trump.
Biden will strangle it with requlation and taxes.

 

[katzgar]

thank you for proving me right little boy

history shows you guys fuck the economy up and dems fix it

 

[Legion]

It was an incredible success.

Who told you that?

 

[Sailor]

. . Paul Krugman the lord of wrong predictions
It is the rare human who can be found wrong about nearly all of his opinions and predictions. It’s an even rarer human whose predictions have been consistently wrong, and yet dismisses the dismal track record and shamelessly makes more predictions. You’d think he would seek another line of work
https://www.bizpacreview.com/2018/01/22/paul-krugman-lord-wrong-predictions-592049/

Sadly these are the type of white liberals Democrats look up to. Nothing but shiny baubles to the obviously ignorant.