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Finally...

Barbella said:
Krugman is a creepy acolyte. Great comment, Lukey! :)
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Thank you Barb! I post comments to his OpEds pretty regularly. They usually accept them but this is the first time they decided to feature one. I hope that jackass reads it!
 
Colorforms said:
An insightful post, as I have come to expect from you, Lukey. Krugman is nothing but a socialist cheerleader who champions anything and everything proposed by a leftie.

It's refreshing to read an honest opinion based on fact, no matter how dire it may be.
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Exactly! He does the exact same stuff Arkady does here - weave a misleading narrative by manipulating some data and ignoring all the rest of the pertinent facts. If this is the kind of "analysis" we're supposed to use to determine our policy choices, where are we going? Certainly not in the right direction!
 
Lukey said:
Exactly! He does the exact same stuff Arkady does here - weave a misleading narrative by manipulating some data and ignoring all the rest of the pertinent facts. If this is the kind of "analysis" we're supposed to use to determine our policy choices, where are we going? Certainly not in the right direction!
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The fact that they have to weave a positive narrative by ignoring pertinent facts says all we should need to know. If the news was truly positive, they wouldn't have to play accounting tricks to make it look good.
 
I like what the guy underneath your comment said, Lukey. :D

To paraphrase Ronald Reagan, Republicans are not the solution to our problems; Republicans ARE the problem.
 
Lukey said:
Go check this out:

http://www.nytimes.com/2015/03/27/opinion/paul-krugman-mornings-in-blue-america.html?comments&_r=0

And look at the NYT "Picks" response comments. Haha! Yep! Mine made it!!!
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If there ever was a case of comparing apples to oranges the comparison of the Reagan and Obama recessions and recoveries fits the bill. One was artificially created by the Fed to halt inflation. The other was actual breakdown of the economy on a worldwide scale.

And that is only one aspect of the two eras that are not side by side comparable.
 
Spamature said:
If there ever was a case of comparing apples to oranges the comparison of the Reagan and Obama recessions and recoveries fits the bill. One was artificially created by the Fed to halt inflation. The other was actual breakdown of the economy on a worldwide scale.

And that is only one aspect of the two eras that are not side by side comparable.
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Nah - it's always the same. A mismatch between supply and demand in one or more areas of the economy. Let the markets clear and get back to growth. Unless, of course, you have elected an anti-capitalist like FDR or Obama who see it as an opportunity to "fix" what is wrong with the free markets (by making them less free, of course). Sheesh!
 
Lukey said:
Nah - it's always the same. A mismatch between supply and demand in one or more areas of the economy. Let the markets clear and get back to growth. Unless, of course, you have elected an anti-capitalist like FDR or Obama who see it as an opportunity to "fix" what is wrong with the free markets (by making them less free, of course). Sheesh!
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They were not the same. Be honest instead of insulting. The Reagan recession was intentional.
 
Spamature said:
If there ever was a case of comparing apples to oranges the comparison of the Reagan and Obama recessions and recoveries fits the bill. One was artificially created by the Fed to halt inflation. The other was actual breakdown of the economy on a worldwide scale.

And that is only one aspect of the two eras that are not side by side comparable.
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Oh wow....get up to speed skippy.

http://www.sodahead.com/united-stat...er+recession+"artificially+created"+inflation
 
Spamature said:
They were not the same. Be honest instead of insulting. The Reagan recession was intentional.
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So was the financial "crisis." The Fed kept rates too low for too long and then had to raise them. Do you think if they raise rates again now we're not going to get and even bigger financial meltdown? Don't be ridiculous! Stop playing with rates and we'll stop having "Crises."
 
astonishing - krugman reaches new heights of intellectual dishonesty, by failing to mention that

97% OF JOB GROWTH IN 2013 WAS PART TIME, NOT FULL TIME

http://hotair.com/archives/2013/08/05/part-time-jobs-account-for-97-of-2013-job-growth/

part time jobs, of course, don't come with health insurance. those workers must enroll in obamacare, and be subsidized by the rest of us.

so if you're going to credit obamacare with "jobs", let's be honest. they are jobs that aren't what the workers wanted, have no benefits, and increase the burden on everyone else.
 
as seen on tv said:
astonishing - krugman reaches new heights of intellectual dishonesty, by failing to mention that

97% OF JOB GROWTH IN 2013 WAS PART TIME, NOT FULL TIME

part time jobs, of course, don't come with health insurance. those workers must enroll in obamacare, and be subsidized by the rest of us.

so if you're going to credit obamacare with "jobs", let's be honest. they are jobs that aren't what the workers wanted, have no benefits, and increase the burden on everyone else.
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Nor did Krugman mention.....

Washington Examiner January 27, 2015

End of extended unemployment benefits credited for job surge

“Sixty percent of job creation in 2014 was caused by the expiration of unemployment benefits, according to a new working paper published by the National Bureau of Economic Research. In late 2013, a standoff between Republicans and Democrats led to the abrupt expiration of long-term unemployment benefits."


National Bureau of Economic Research. January, 2015

.....1.8 million additional jobs were created in 2014 due to the benefit cut. Almost 1 million of these jobs were filled by workers from out of the labor force who would not have participated in the labor market had benefit extensions been reauthorized.
 
as seen on tv said:
astonishing - krugman reaches new heights of intellectual dishonesty, by failing to mention that

97% OF JOB GROWTH IN 2013 WAS PART TIME, NOT FULL TIME

http://hotair.com/archives/2013/08/05/part-time-jobs-account-for-97-of-2013-job-growth/

part time jobs, of course, don't come with health insurance. those workers must enroll in obamacare, and be subsidized by the rest of us.

so if you're going to credit obamacare with "jobs", let's be honest. they are jobs that aren't what the workers wanted, have no benefits, and increase the burden on everyone else.
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Boca said:
Nor did Krugman mention.....

Washington Examiner January 27, 2015

End of extended unemployment benefits credited for job surge

“Sixty percent of job creation in 2014 was caused by the expiration of unemployment benefits, according to a new working paper published by the National Bureau of Economic Research. In late 2013, a standoff between Republicans and Democrats led to the abrupt expiration of long-term unemployment benefits."


National Bureau of Economic Research. January, 2015

.....1.8 million additional jobs were created in 2014 due to the benefit cut. Almost 1 million of these jobs were filled by workers from out of the labor force who would not have participated in the labor market had benefit extensions been reauthorized.
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baker-2015-01-26.jpg


An unweighted average of the long duration states showed their rate of job growth increasing from 1.31 percent in 2013 to 1.41 percent in 2014. By comparison, job growth in the short duration states increased from 1.43 percent in 2013 to 1.82 percent in 2014. (The calculations run from November to November in both cases, since data are not yet available for December.)

This runs completely counter to the claim that shortening benefit duration provided a boost to employment growth. The states in which HMM expected the cuts in duration to have the greatest effect on growth actually saw less of an uptick than the states where they expected a small effect. This is consistent with prior research showing that the main impact of cuts in benefit duration is that more people leave the workforce, not that more people get jobs.

http://www.cepr.net/index.php/blogs...nt-benefits-lead-to-faster-job-growth-in-2014
 
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