Nobel prize winning economist predicts Biden economic juggernaut

[katzgar]

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

your guy fucked it up, dems fix it

 

[Legion]

Krugman ? Hahaha

In March 2017, Krugman expressed doubt that we’d be seeing a return to 3% economic growth under the Trump administration.

He reiterated the same point later in the year on Twitter, arguing that it would be difficult to achieve 3% growth due to "baby boomers leaving the workforce".

Growth was 3.1% from the fourth quarter of 2017 to fourth quarter of 2018.

 

[Legion]

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.

He did.

He's a failing "New York Times opinion columnist".

 

[floridafan]

He did.

He's a failing "New York Times opinion columnist".

According to your kind, the NYT has been failing for over 5 years, yet its readership is at an all time high. Figure that one out!!

 

[T. A. Gardner]

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.

It didn't do that in Arizona. It made little difference. What really made a difference here was our useless governor at the time Janet "Nappy" Napolitano resigned to take a cabinet post in the Obama administration and following that, all of her idiot Progressive policies were tossed out almost immediately saving the state tens of millions and putting government and the state back in the black economically.

The best indication of its failure is that Obama wanted a second stimulus package even bigger than the first...

 

[BartenderElite]

It didn't do that in Arizona. It made little difference. What really made a difference here was our useless governor at the time Janet "Nappy" Napolitano resigned to take a cabinet post in the Obama administration and following that, all of her idiot Progressive policies were tossed out almost immediately saving the state tens of millions and putting government and the state back in the black economically.

The best indication of its failure is that Obama wanted a second stimulus package even bigger than the first...

Well, the history is the history. It can't really be rewritten.

We went from freefall to recovery. It wasn't the most robust recovery - but after the worst crash in decades, and conservatives predicting a Depression, it can only be called an unqualified success.

And the history is also pretty clear in the modern era: the economy has always done better under Democrats. Always.

 

[floridafan]

It didn't do that in Arizona. It made little difference. What really made a difference here was our useless governor at the time Janet "Nappy" Napolitano resigned to take a cabinet post in the Obama administration and following that, all of her idiot Progressive policies were tossed out almost immediately saving the state tens of millions and putting government and the state back in the black economically.

The best indication of its failure is that Obama wanted a second stimulus package even bigger than the first...

Arizona has been such a republican success story that it now has 3 democratic senators and a huge vote for President Biden.

 

[anatta]

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.

looking for a pattern is way lame. look at the existing economy and policies instead.
It doesn't mean Biden will crash the economy - but his regs alone will unquestionably slow growth

Tax increases -we have to see how they are done- but increases generally slow growth as well

 

[anonymoose]

That was Fake News.

Krugman files bankruptcy
Economist and columnist Paul Krugman declared personal bankruptcy today following a failed attempt to spend his way out of debt.
Rather than tighten his belt and pay the sums back, the pseudo-Keynesian economist decided to "stimulate" his way to a personal recovery by investing in expenses he hoped would one day boost his income.
Between 2004 and 2007 Krugman splurged on expensive cars, clothes, and travel in hopes that the new lifestyle would convince his bosses at the New York Times to give him a giant raise.
"They say always dress for the job you want," Krugman explains. "So I thought maybe if I showed up in $70,000 Alexander Amosu suits they would give me ownership of part of the company. If I had only been granted a sliver of the New York Times Co., I could have paid everything back."
Even after he realized an equity stake was not going to happen, Krugman continued to spend wildly hoping his bling and media appearances would increase demand for his personal brand and lift his book sales.

His biggest mistake came in 2007, when at the height of the financial bubble he decided to invest in high-end real estate in New York City. His multi-million dollar apartment lost 40 percent of its value just months after its purchase, and has been underwater ever since.
Conscience of a Fraud

Krugman, a renowned trade economist, joined the New York Times as a columnist in 2000. Since the start of the financial crisis he as used the platform to argue vociferously for what he terms Keynesian deficit spending.

However, Keynes did not advocate using debt financing to stimulate the economy. Rather, he argued that government should save in the good times and spend in the bad.

Through his lawyer, Bertil Ohlin, Krugman explains that despite his travails with spending and debt in his personal finances, he stands by his pseudo-Keynesian policies.

"I still defend my analysis that on the macroeconomic level sovereign debt crises can be fixed by increasing government borrowing to lift aggregate demand.
https://www.datalounge.com/thread/12554737-krugman-files-bankruptcy

 

[BidenPresident]

Things Will Get Better. Seriously.

This 2020 crisis, by contrast, was brought on by a headwind out of nowhere, in the form of the coronavirus. The private sector doesn’t seem to have been particularly overextended before the pandemic. And while we shouldn’t minimize the hardships faced by millions of families, on average Americans have been saving like crazy, and will emerge from the pandemic with stronger balance sheets than they had before.


https://www.nytimes.com/2020/12/31/opinion/2021-economy-recovery.html

 

[cawacko]

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.

We’ve had three Democratic administrations in my lifetime. The first was Jimmy Carter and it seems the economy in the ‘70’s was pretty bad all around but there definitely weren’t any boom times during the Carter years. Then you had Clinton and from the mid ‘90’s until the end of the decade we definitely had a boom. But it’s interesting to look at the economic policies Clinton pursued. He reformed welfare, he cut capital gains taxes, he pushed for a balanced budget he signed several large deregulation bills. Not exactly your traditional Democratic playbook. Then we had Obama and while the economy recovered it was the worst recovery since the Great Depression. Thanks to the Fed and their easy money policies we had massive asset inflation but as a whole it wasn’t all that much to write home about.

If we could find a way to create some of that late ‘90’s magic I’d be all in but we’re not headed that direction it seems.

 

[Legion]

This 2020 crisis, by contrast, was brought on by a headwind out of nowhere, in the form of the coronavirus.

It came from Communist China, the nation that wanted Biden to win and Trump to lose, didn't it?

 

[Grokmaster]

• Paul Krugman expects the US economic recovery from the pandemic to be "much faster and continue much longer than many people expect," he said in a recent New York Times column.
• The Nobel Prize-winning economist predicts mass vaccination, pent-up demand, greater household savings, technological progress, and the Biden administration's backing to fuel a jobs boom.
• Americans grew their personal savings by 173% year-on-year between March and November last year, as disposable incomes ballooned by $1 trillion and household spending tumbled by $535 billion, a New York Times analysis shows.
• "I'm in the camp that expects rapid growth once people feel safe going out and spending money," Krugman said.

Nobel laureate Paul Krugman predicts a swift, sustained economic recovery once vaccines are rolled out (msn.com)


From one economist to economist (and lawyer) I concur with Paul. As soon as the stink of Trump wafts away, the US pent up demand will cause amazing growth and prosperity.

Thank God Trump, the total loser criminal will be hauled out of the way in a couple of weeks so we can get on with the cleanup and actual progress.

NONE OF WHICH IS BIDEN's DOING.

ALL OF WHICH WAS DUE TO TRUMPONOMICS.


KRUGMAN IS THE MOST WRONG ECONOMIST OF THE PAST 20 YEARS...NATURALLY THE LEFT'S GOT TO "ECONOPMICS EXPERT"...

 

[T. A. Gardner]

Arizona has been such a republican success story that it now has 3 democratic senators and a huge vote for President Biden.

Arizona has a long history of being a purple state. We've had both Democrats and Republicans in political offices and running things throughout the state's history. What Arizona hasn't had is Progressive Leftists in power for long except in certain niches within the state. For example, we had Napolitano as governor. She was reviled for her idiot policies. Probably the most hated was putting speed cameras on the highways here. She knew her goose was cooked come the next election so she resigned from office and took a position in Obama's cabinet.

We've long had Raul Grijalva in the House. He's a radical Leftist and openly socialist. Pima county is what I like to call the Berkeley of Arizona. It's run by Progressives who have made it a perpetually underperforming backwater economically. The native American tribes vote solidly Democrat which I can't figure out why given the kick in the teeth they've gotten for it.

So, your view on Arizona is just wrong.

 

[Micawber]

normally it's the right wingers that do threadband on here but you've gotten so opioid addicted that it's just difficult to listen to you guys so it's really best to thread band you guys until you've gone through treatment

Let's put it this way, I don't care about things I don't care about, and I don't care about the opinions of morons, which includes a moron's
opinion about why I don't care. This exercise in lyrical tautology is delivered free of charge. There isn't a concept any rightard can acquaint me with.
Nothing I have not heard and dispensed with as utter garbage years and years ago. Why waste time with assholes when there are plenty of decent thoughtful
and enlightened liberals here?

 

[Micawber]

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.

Philistines have no artistic appreciation and no concept of economic value.

 

[katzgar]

NONE OF WHICH IS BIDEN's DOING.

ALL OF WHICH WAS DUE TO TRUMPONOMICS.


KRUGMAN IS THE MOST WRONG ECONOMIST OF THE PAST 20 YEARS...NATURALLY THE LEFT'S GOT TO "ECONOPMICS EXPERT"...

your guy is a loser

 

[Bulletbob]

• Paul Krugman expects the US economic recovery from the pandemic to be "much faster and continue much longer than many people expect," he said in a recent New York Times column.
• The Nobel Prize-winning economist predicts mass vaccination, pent-up demand, greater household savings, technological progress, and the Biden administration's backing to fuel a jobs boom.
• Americans grew their personal savings by 173% year-on-year between March and November last year, as disposable incomes ballooned by $1 trillion and household spending tumbled by $535 billion, a New York Times analysis shows.
• "I'm in the camp that expects rapid growth once people feel safe going out and spending money," Krugman said.

Nobel laureate Paul Krugman predicts a swift, sustained economic recovery once vaccines are rolled out (msn.com)


From one economist to economist (and lawyer) I concur with Paul. As soon as the stink of Trump wafts away, the US pent up demand will cause amazing growth and prosperity.

Thank God Trump, the total loser criminal will be hauled out of the way in a couple of weeks so we can get on with the cleanup and actual progress.

biter will fail and hurt America

 

[floridafan]

Arizona has a long history of being a purple state. We've had both Democrats and Republicans in political offices and running things throughout the state's history. What Arizona hasn't had is Progressive Leftists in power for long except in certain niches within the state. For example, we had Napolitano as governor. She was reviled for her idiot policies. Probably the most hated was putting speed cameras on the highways here. She knew her goose was cooked come the next election so she resigned from office and took a position in Obama's cabinet.

We've long had Raul Grijalva in the House. He's a radical Leftist and openly socialist. Pima county is what I like to call the Berkeley of Arizona. It's run by Progressives who have made it a perpetually underperforming backwater economically. The native American tribes vote solidly Democrat which I can't figure out why given the kick in the teeth they've gotten for it.

So, your view on Arizona is just wrong.

.

First of all sweetie, you dont live anywhere close to Arizona, so fuck off.
When was the last Democratic senator from that state?
When was the last time they supported a Democratic candidate for president?
Its the state of Goldwater and McCain, sweet dumplings.

 

[anatta]

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.

funny you can appreciate the notion of a Keynesian stimulus -but tax increases that slows economic growth
fall on deaf ears