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Monday, August 10, 2015

Paul Krugman, "G.O.P. Candidates and Obama’s Failure to Fail": Aren't You Forgetting $18.3 Trillion of Debt, Paul?

Referring to the recent Republican presidential candidate debate, Paul Krugman declares in his most recent New York Times op-ed entitled "G.O.P. Candidates and Obama’s Failure to Fail":

"What did the men who would be president talk about during last week’s prime-time Republican debate? Well, there were 19 references to God, while the economy rated only 10 mentions. Republicans in Congress have voted dozens of times to repeal all or part of Obamacare, but the candidates only named President Obama’s signature policy nine times over the course of two hours. And energy, another erstwhile G.O.P. favorite, came up only four times.

Strange, isn’t it? The shared premise of everyone on the Republican side is that the Obama years have been a time of policy disaster on every front. Yet the candidates on that stage had almost nothing to say about any of the supposed disaster areas.

And there was a good reason they seemed so tongue-tied: Out there in the real world, none of the disasters their party predicted have actually come to pass. President Obama just keeps failing to fail."

Obama has failed to fail? How about judging him according to his own standards? On July 3, 2008, Obama stated:

"The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents - #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back -- $30,000 for every man, woman and child. That's irresponsible. It's unpatriotic."

Well, US national debt has now reached an unsustainable $18.3 trillion, amounting to more than $57,000 for every American man, woman and child. Care to comment, Paul? Oh, that's right, I forgot: Debt, even of the unsustainable kind, is good.

1 comment:

  1. In 2008, Krugman ran out of newsprint endlessly dissecting the benefits of a health insurance mandate.

    That is when he became irrelevant. Now he proves he can not even count. The side effect of Krugman having a concierge doctor not bothered by Medicare's new 75,000 diagnostic code dictat accelerating ever more doctor retirements???

    All of the GOP candidates understand #44's overreaching regulatory deluge has stifled economic growth.

    The Dems, mostly lawyers, believe their only job is to pass ever more laws and regulations.