Posts Tagged ‘Paul Krugman’
Video: Bill Moyers and Nobel Prize Winning Economist Paul Krugman on How Best to Get the Economy Going
Posted in Economics, Recessions, the Rigged Game, Uncategorized, tagged bill moyers, congress, economy, growth, jobs, Paul Krugman, United States on Jam1000000amSun, 13 Jan 2013 09:24:49 +000013 10, 2010 | Leave a Comment »
Posted in Economics, free trade, goldman sachs, income redistribution, Market manipulation, Politics, Recessions, the Rigged Game, trade, trade deficit, Uncategorized, tagged Barack Obama, charlie brown, economic, income redistribution, Joseph Stiglitz, Lawrence Summers, lucy, Nafta, Paul Krugman, president jimmy carter, recovery, Ron Wyden, Ronald Reagan on Jam12000000amWed, 19 Dec 2012 11:20:41 +000012 10, 2010 | Leave a Comment »
The poster is correct, but only to a certain degree. Obama bears some responsibility for the slow creation of jobs. First of all, Charlie Brown was dumb enough to get fooled by Lucy time and time again. Likewise, President Obama was stupid enough to get fooled by his own economic advisers over and over again, notably by the Wall Street toadie, Lawrence Summers.
For example, Obama’s original stimulus package was about three times too small to engineer an economic recovery, and there were plenty of worthwhile economists who said so, such as Nobel prize winners Paul Krugman and Joe Stiglitz.
Second of all, Obama continues federal policies that redistribute income from the 99 to the 1 percent, his masters, such as the Crown Brothers of General Dynamics. Those policies began under Ronald Reagan, and include such legislation as free income redistribution trade treaties. Obama has already signed three of these treaties into law knowing they would cost the 99 percent jobs, and the difference between the old higher wages here and the new lower wages there are going into the pockets of the 1 percent via higher corporate profits, rising dividends and surging share prices. Obama knows this. He isn’t stupid, like Charlie Brown. Now the Obama man is negotiating the biggest free income redistribution treaty in USA history, the Trans Pacific Partnership. This scam will redistribute even more income from the 99 to the 1 percent than Nafta. The Guardian calls it “Nafta on Steroids.”
Sure Republicans obstructed Obama’s agenda for the last four years, but Obama’s agenda included sucking the middle class dry and shifting their former income into the already fat wallets of the 1 percent. So he bears quite a bit of the responsibility for our slow economic recovery.
Obama also failed to recognize that the redistribution of income from the 99 to the 1 percent over the previous 26 years has stifled the demand for goods and services from the 99 percent because they earn less money than they used to. That stifles job growth and has lead to the anemic recovery. Not only that, Obama’s agenda has invigorated America’s economic slow motion collapse.
As for the 1 percent, they usually invest their money in things that destroy rather than create jobs, such as derivatives, buying politicians and legislation, and free income redistribution treaties.
Worse yet, the 1 percent now steal about 31 percent of all US income, compared to 8 percent 31 years ago. That means the 99 percent earn 69 percent compared to 92 percent in 1980.
That’s why President Jimmy Carter looks like such a genius compared to the president’s that have followed him. The deficit was historically small under his watch compared to when Obama, Bush and Reagan have been president, but 208,000 jobs a month were created under Carter, and with rising wage rates. That was with an economy with 60 percent of the GNP and population as we have today. It was because the 99 percent had way more money to spend then, making job growth far more robust compared with now. Obama knows this as surely as I do. But he dare not do much to alleviate the burdens of the middle class for fear of angering his corporate backers. Wall Street Senator Ron Wyden is very much the same as Obama, in this regard.
Posted in corruption, Economics, Economics, recession, income redistribution, Market manipulation, Recessions, the Rigged Game, tagged Barack Obama, economic, Fiscal cliff, hostage, John Boehner, Paul Krugman, Republicans, terrorism on Jpm11000000pmFri, 09 Nov 2012 19:16:23 +000012 10, 2010 | Leave a Comment »
The Republicans are threatening to tank the economy for the third time since Obama became president if they don’t get what they want. The American people are being held hostage by economic terrorists of the right.
Nobel prize winning economist Paul Krugman has challenged President Barack Obama to do the right thing about the so-called fiscal cliff and the Republican threat. “So President Obama has to make a decision, almost immediately, about how to deal with continuing Republican obstruction. How far should he go in accommodating the G.O.P.’s demands?
My answer is, not far at all. Mr. Obama should hang tough, declaring himself willing, if necessary, to hold his ground even at the cost of letting his opponents inflict damage on a still-shaky economy. And this is definitely no time to negotiate a “grand bargain” on the budget that snatches defeat from the jaws of victory.”
Click the link below for his complete article.
Posted in Economics, income redistribution, Politics, Recessions, the Rigged Game, wealth redistribution, tagged Medicaid, Medicare, Paul Krugman, Paul Ryan, Ron Wyden, vouchers on Jam10000000amTue, 16 Oct 2012 10:37:03 +000012 10, 2010 | Leave a Comment »
“The Romney-Ryan position on health care is that many millions of Americans must be denied health insurance, and millions more deprived of the security Medicare now provides, in order to save money. At the same time, of course, Mr. Romney and Mr. Ryan are proposing trillions of dollars in tax cuts for the wealthy. So a literal description of their plan is that they want to expose many Americans to financial insecurity, and let some of them die, so that a handful of already wealthy people can have a higher after-tax income.” Paul Krugman
Wall Street Senator Ron Wyden supports the Romney/Ryan plan. He’s an alledged democrat, but that’s a lie. Wyden is a corrupt, corporate plutocrat who is willing to cut back on medicaid and medicare in order to give the already super rich tax cuts they don’t need. That’s because tax cuts for the 1 percent that result in death for members of the 99 percent is an income and life redistribution scam that Ryden supports.
Click the link below for the full story.
Posted in Economics, Economics, recession, the Rigged Game, Uncategorized, tagged Barack Obama, employment, government, John Boehner, mitt romney, Paul Krugman, Paul Ryan, Rand Paul on Jpm9000000pmSun, 09 Sep 2012 16:07:32 +000012 10, 2010 | Leave a Comment »
Many Republican politicians appear to be as dumb and as ignorant as bricks. Michelle Bachman readily comes to mind. She’s a stereotypical dumb blonde. So is Rand Paul. We hear a lot about Republican politicians lying quite a bit more than their Democratic Party counterparts, but maybe it’s because the Republican base simply prefers ignorant buffoons like Rand Paul, Mitt Romney, Paul Ryan and John “Bug Killer” Boehner (pronounced Boner”).
In the video below, Rand makes a ridiculous claim that is easily refuted; he claimed the number of government jobs has increased under Obama’s watch, when in fact, they’ve decreased by 600,000. So maybe Republicans don’t try to lie as much as it appears, maybe some of the time they’re just ignorant and stupid.
By the way, I may not agree with him all the time, but Ron Paul is one of the smartest and knowledgeable guys in the Republican party and in congress, but he’s really a Libertarian disguised as a Republican.
Posted in Economics, Economics, recession, income redistribution, Politics, Recessions, the Rigged Game, wealth redistribution, tagged Barack Obama, Deficit, deficit spending, Dick Cheney, dumb, dumber, Federal, George W Bush, interest rates, Paul Krugman, Ronald Reagan on Jam7000000amSat, 28 Jul 2012 11:35:35 +000012 10, 2010 | 2 Comments »
Interest rates remain at historic lows despite massive government borrowing. For years Republican deficit hawks (and a few dumb Democrats) have tried time and time again to instill panic among the mass of financially ordinary US citizens by insisting that continued government borrowing would raise interest rates, thereby bringing on a terrible recession and destroying everybody’s livelihoods. Like that hadn’t already occurred during the Bush regime when then Vice President Dick Cheney famously said, “Ronald Reagan showed up that (federal) deficits don’t matter.” Cheney understood the lesson, President Obama didn’t.
The purpose of this public relations stunt was to influence the Obama administration into cutting government spending, thereby slicing jobs and gross domestic product, and in the process letting the president cut his own throat when it came to being reelected to a second term. The result has been spectacular since President Obama was stupid enough to take the bait.
US deficit spending has been reduced, although still growing strong. The official unemployment rate remains mired between 8 and 9 percent; the real unemployment rate is closer to 15 percent if the rate was measured in the same way it was during the Great Depression.
Click the link below for more interesting points of view on deficit spending by Nobel Prize winning economist Paul Krugman.
Posted in corruption, culture, Economics, Economics, recession, income redistribution, Politics, Recessions, the Rigged Game, wealth redistribution, tagged agreements, Bain Capital, Barack Obama, Free trade, income redistribution, Joseph Stiglitz, mitt romney, off shoring, Paul Krugman, treaties on Jam7000000amTue, 17 Jul 2012 10:41:00 +000012 10, 2010 | Leave a Comment »
Based on his background as CEO, sole director and sole shareholder of Bain Capital, Mitt Romney says he can manage the US economy better than President Barack Obama. But as president, it appears that Wall Street Mitt intends to run the terribly weak economy into the ground even more by wiping out jobs and pensions and shifting production of goods and services overseas if his business experience is any indication of his intentions.
As CEO of Bain, Mitt redistributed income from working Americans to his 1 percent self by shifting jobs overseas. Wall Street Mitt pocketed the difference between the former old wages here and the new lesser wages there. As president one can assume Mitt intends to redistribute income from working Americans to his fellow 1 percenters by pushing legislation that redistributes more income from the 99 to the 1 percent.
An editorial in the Guardian newspaper said it best.
“For a candidate who has made his own business background exhibit A in the argument that he could run the US economy better than his opponent, Mitt Romney has a case to answer over his involvement with Bain Capital. He plainly did not “leave” the private equity firm in 1999, if a series of filings to the Securities and Exchange Commission show him listed as the sole shareholder, sole director, CEO and president two years later. Instead of denying he had anything to do with the firm that helped other companies outsource jobs overseas, lay off steel workers and wipe out their pensions, Mr Romney could lay the matter to rest by publishing his tax returns and the minutes of Bain Capital meetings for that period.”
The Guardian goes on to ask a simple question; “But none of that means it is particularly clever for Barack Obama to keep on attacking Mr Romney over his asset-stripping days. It’s fine for his electoral base, but what about the independents he also needs to swing behind him? What these American voters will want to know in November is what Mr Obama has done to turn the jobs figures around.”
A point well taken since Obama has avoided taking the advice on these matters from people who always seem to be correct in their economic remedies, people like Nobel Prize economists Joseph Stiglitz and Paul Krugman. Neither of these two, however, have identified the culprit for the weak US economy. That, of course, is the redistribution of income and wealth that has been legislatively enacted over the last thirty years.
Right now 99 percent of the US population earn about 73 percent of the total US income compared to roughly 92 percent 30 years ago. That means the 99 percent have less money to burn, which depresses wages and job creation. Free trade treaties are a primary culprit in the redistribution process.
Meanwhile, the 1 percent have increase their share from 8 to 27 percent over the same time through their political control of congress, and, of course, their presidents, including Obama. They use their money to purchase legislation to ship jobs overseas and deregulation, thereby redistributing more income from working Americans to themselves. In this way, the 1 percent have stolen 93 percent of total US income growth since 2009.
Click the link below for the rest of the story.
Posted in corruption, Economics, Economics, recession, Mitt Romney, Politics, tagged Barack Obama, Eurozone, Federal Reserve, Greece, Italy, Lehman Brothers, Paul Krugman, private sector, public sector, Spain on Jam6000000amMon, 11 Jun 2012 10:36:25 +000012 10, 2010 | Leave a Comment »
New York Times columnist Paul Krugman criticized President Barack Obama Monday morning for his much discussed “Private sector is doing fine” quote.
“That was an unfortunate line,” Krugman said. “The president bungled the line. The truth is, the private sector is doing better than the public sector, which is not well enough.”
The Nobel prized-winning economist explained how the president was technically correct in comparing the private sector numbers to its anemic public sector counterpart, but further added how Obama was clumsy with his words.
Click the link below for Krugman’s analysis of the coming election, as well as possible Eurozone collapse.
Posted in auto bailout, Economics, Economics, recession, the Rigged Game, tagged 2012, Economics, House of Representatives, obama, Paul Krugman, Republicans on Jam6000000amTue, 05 Jun 2012 11:32:10 +000012 10, 2010 | Leave a Comment »
The Republican Party leadership continues to argue that the best way to spur the economy to great heights is to “cut spending and cut taxes on the rich.” By now, everybody but a large number of foolish and ignorant Republican party members know this isn’t true. Here’s something most people don’t know.
The Obama administration, largely because they’re Wall Street puppets and due to Republican party obstructionism in the House of Representatives, have been following this course. Click below to read the complete story.
There is something not mentioned in the link below. Both the Democrats and the Republicans have one common goal; make the affluent richer by soaking the rest of us dry. To that end both parties have been extraordinarily successful!