I Don't Know How to Succinctly Headline This, But Let's Just Say Paul Krugman is a Lying Asshole

He attacks critics of Obama's stimulus plan by supposedly phonying up the "stimulus" cost per job created (or "preserved").

Krugman now:

First, there’s the bogus talking point that the Obama plan will cost $275,000 per job created. Why is it bogus? Because it involves taking the cost of a plan that will extend over several years, creating millions of jobs each year, and dividing it by the jobs created in just one of those years.

Note the multiyear cost of the "stimulus" being compared to the single-year (purported) benefit of the stimulus.

Krugman then:

he average American worker earns only about $40,000 per year; why does the administration, even on its own estimates, need to offer $500,000 in tax cuts for each job created?

Krugman himself did the same tricksy math-- taking the ten-year cost of Bush's budget/tax package -- and comparing it to the one year salary of a job.

And then he even went on to defend his bullshit, claiming that a job created by a stimulus package wouldn't be around for longer than a year (or three) so why bother taking the multiyear benefit into effect?

Notice he seems to have abandoned that rationale, and assumes that Obamajobs will last forever.

Posted by: Ace at 03:35 PM

Comments

1 Uh ... you're talking about Paul fucking Krugman here. You expect truth and clarity, maybe?

Posted by: Bruce at January 26, 2009 03:38 PM (oedyI)

2 Notice he seems to have abandoned that rationale, and assumes that Obamajobs will last forever.

Of course they will! This is Obama we're talking about. Haven't you been paying any attention?

Posted by: Manco at January 26, 2009 03:41 PM (vAnIE)

3 Which part of "everything changed last Tuesday" don't you asshole get?

Posted by: A Democrat at January 26, 2009 03:42 PM (hlYel)

NYT to fire Krugman in 5...4...3... oh, yea, right.

My mistake.

Posted by: AndrewsDad at January 26, 2009 03:44 PM (C2//T)

5 Even in *workers' paradises* like the Obamunists admire the governments run out of money to pay their workers, which is everyone. These fools, like Shrugman, count, correctly, on the public school educated masses not to know history, social studies, civics, math or just basic logic. I doubt that Shrugman, and all of these other cultists following our Kenyan piper, are outright lying. They are New Agers, who believe in the power of visualization, and that each of us are gods, who can imagine our reality and make it so by the power of desire. If they realized what a literal HELL their foolishness shall visit upon ALL of us, them too, they would be re-thinking this rubish.

Posted by: Reagan's Ghost at January 26, 2009 03:46 PM (nx6c+)

6
If Paul Krugman is such a fucking economic genius, why didn't he warn his employer, the NYT, of their impending bankruptcy?

Posted by: Darling at January 26, 2009 03:47 PM (OOjmf)

7 I'm not a Nobel Lauerate in Economics like Paul Krugman and Josiah Bartlett, but if The Obama Plan will create, as Krugman says, "millions of jobs per year", that means that Obama's Plan should create at least 8,000,000 jobs during his first term.

Right?

Though, admittedly, if we pass the Comprehensive Piece of Shit legislation, then - BAMMO - 8,000,000 jobs will move from the unaccounted for "illegal" side to the countable "legal" side.

Legalize prostitution, another 1,350,000 "jobs" get created.

Add licensing and registration to "hobo hunting" and Obama would have another 10-17 jobs.

-

Posted by: BumperStickerist at January 26, 2009 03:47 PM (MKFU7)

In keeping with my formal policy promulgated early last year, to wit: "Ye Shall Pay Not Attention To The Ravings of Anyone Awarded a Nobel Prize of Any Type in the Last Ten Years, As Such Prize Is Undoubtedly Political, and Thus Said Ravings Are Most Certainly Utter Bullshit", I say: Paul WHO?

Posted by: Sharkman at January 26, 2009 03:48 PM (69J41)

9 I take it his Nobel wasn't awarded for mathematics.

Posted by: IllTemperedCur at January 26, 2009 03:48 PM (InMdt)

10 Isn't Krugman the guy who was duped by a phoney Enron email forged by Jason Leopold?

Posted by: Topsecretk9 at January 26, 2009 03:50 PM (0EZYk)

Krugman a lying asshole?

Get outta here!

Posted by: kelly at January 26, 2009 03:51 PM (c52rb)

12 Faster Paul. You're fucking slipping big time. I haven't got all day.

Posted by: The Loose Leaf Paper That is Waiting to Print Paul Krugman's Next Acheivement at January 26, 2009 03:52 PM (AHrTm)

13 But Obamajobs WILL last forever.

You ever try to fire a government employee?

Posted by: benjamin at January 26, 2009 03:52 PM (64tpx)

14 I'm expecting some solidarity from the GOP...They better vote against this POS.

Posted by: Winston at January 26, 2009 03:53 PM (FggW0)

15 Well he may be lying, but he isn't factually incorrect, so there is no means for termination. There is a subtle difference. That difference being if you tow the liberal line or not.

Posted by: David at January 26, 2009 03:55 PM (NgoAe)

16 I was told there would be no math...because my unicorn would take care of all the number thingies.

Posted by: MamaAJ at January 26, 2009 03:56 PM (X6Zdh)

17 I'm expecting some solidarity from the GOP

BWAHAHAHAHA!! Does not experience teach you anything??

Posted by: OregonMuse at January 26, 2009 04:02 PM (FO+YO)

No need to worry! Barry will save us all! He'll dole the money out to us himself.

Jan. 26 (Bloomberg) -- President Barack Obama's administration will direct more of the second half of a $700 billion financial rescue plan to open up credit for consumers and businesses and stem home foreclosures, his spokesman said.

The president will use the second $350 billion outlay from the Troubled Asset Relief Program differently than the Bush administration did, White House press secretary Robert Gibbs said.

The president has asked his economic advisers for recommendations “specifically addressing home foreclosures; addressing financial stability in banks,” Gibbs said in today’s regular White House news briefing. He refused to give details.

And PLEASE, no more distractions for the Unicorn King!

“We owe it to each of them and to every single American to act with a sense of urgency and common purpose,” he said at the White House. “We can’t afford distractions, and we cannot afford delays.”

Posted by: TheQuietMan at January 26, 2009 04:02 PM (1Jaio)

19 “We can’t afford distractions, and we cannot afford delays.”

If spending $1,000,000,000,000.00 that you don't have isn't something to be delayed and debated, nothing is.

Posted by: toby928 at January 26, 2009 04:06 PM (PD1tk)

Krugman hangs himself with his own math by assuming the jobs will always exist, and further tightens the noose by even arguing about it, because it puts the stimulus in the perspective of having to be paid back only by the taxes generated by those jobs themselves, a payback that in no way can be seen as intelligent.

More Here

Posted by: aic4ever at January 26, 2009 04:09 PM (wRNeQ)

21 The automakers are on line 1. Something about if we don't sell cars in California, we won't need as many workers.

Posted by: I R A Darth Aggie at January 26, 2009 04:11 PM (1hM1d)

Obamajobs will last forever. The jobs he's going to be handing out like candy will be government jobs.

Love is fleeting, but a government agency (and the employment opportunity) lasts forever. And forever. And forever.....

Posted by: jana at January 26, 2009 04:14 PM (vSRlG)

Krugman not tell truth...

that's unpossible

Posted by: Ralph Wiggum at January 26, 2009 04:15 PM (NcuZ7)

24 He won the Nobel Prize. He must know what he's talking about.

Posted by: Al Gore at January 26, 2009 04:19 PM (WsTw8)

25 Yea, he won, but for some paltry economic theory from when he was a young geek that nobody listened to or read.

We liked THAT Krugman.

This one is a bad liar and horrible columnist.

Posted by: The Nobel Committee at January 26, 2009 04:23 PM (AHrTm)

26 Krugman is not noble

Posted by: ICBM at January 26, 2009 04:31 PM (+Na/0)

27 Paul Krugman is deep into Chomsky territory at this point:

Brilliant in his own particular niche, but feels all-knowing in all other fields as well.

Posted by: Techie at January 26, 2009 04:34 PM (906oR)

28 Does anyone even read Krugman? My canary won't even let me put that page on the bottom of his cage.

Posted by: GarandFan at January 26, 2009 04:35 PM (237hA)

Just wait until the government bails out the NYT...then we will be paying this manipulative, lying creep to lie to us.

Krugman, if your so great at economics, why don't you transfer to the financial department of you paper and save your own ass??

Posted by: ford at January 26, 2009 04:41 PM (Ki7fm)

30 My bird cage paper is always positioned so that the place where the birds hang out, it Krugman country.

Posted by: ford at January 26, 2009 04:42 PM (Ki7fm)

31 Right on with the title. Are you smarter than an Obama voter -- Coming this fall.

Posted by: tarpon at January 26, 2009 04:52 PM (7evkT)

32 If spending $1,000,000,000,000.00 that you don't have isn't something to be delayed and debated, nothing is.

Could we maybe start some kind of meme that there's a "rush to spend", kind of like the libs kept talking about a "rush to war?" (You know... the "rush to war" that lasted 18 months?)

Posted by: Farmer_Joe at January 26, 2009 05:06 PM (z4es9)

33 Also: I miss the days when "tax-and-spend liberal" was considered an insult.

Posted by: Farmer_Joe at January 26, 2009 05:07 PM (z4es9)

34 I'm sticking with history starting in January 2007 and beating Democrats over the head with it. Democrats took over the Congress and swore they could do better.

DJIA end of session on January 4th 2007, the start of the Democratically controlled 110th Congress: 12,800.18

National unemployment rate for December 2006: 4.5%

2006 Federal Budget Deficit: $247.7 billion

Average annual growth for the 2006 calendar year was 3.4%

Posted by: The Great Overland Invasion at January 26, 2009 05:14 PM (PD1tk)

I believe the current economic strategy consists of using terribly big numbers that most people will refuse to parse in any way and then doing math with said big numbers in mind numbing story problem form causing the general public to tune out and nod their heads in agreement in the hopes that no one catches on that they don't know anything about math.

Posted by: ParanoidInSeattle at January 26, 2009 05:14 PM (AJ4xq)

36 6
If Paul Krugman is such a fucking economic genius, why didn't he warn his employer, the NYT, of their impending bankruptcy?

If Krudman is such an economic genius, why can't he pull Pinch's tit out of the financial wringer?

He worked as an advisor to Enron and he works now for the Slimes. One is dead and the other is on life support. But Krudman is a supposed genius because he's written a few books and he want to Harvard, that's elitist DemSM logic

Can Krudman name one person, company, or country that got rich following his advice?

Posted by: kbdabear at January 26, 2009 05:24 PM (miw86)

37 Can Krudman name one person, company, or country that got rich following his advice?

Krudman, Inc. muthafucka! So there!

Posted by: adamthemad at January 26, 2009 05:28 PM (kIjlp)

38 Figures never lie, but liars never figure.

Posted by: Mule at January 26, 2009 05:41 PM (Y2lU8)

Paul Slugman's dreck has appeared in the local rag for years. He's never seen a government program he hasn't liked. A few months ago he flat out said that it's time for government spending to trump everything else.

He's not an economist; he's a fucking communist. Fuck you, Paulie.

Posted by: jaleach at January 26, 2009 05:47 PM (gHrZU)

40 so i'm a liar and unamerican. well played captain o. may your minions choke to death on their ill gotten bounty of skittles.

Posted by: unamerican libertarian formerly known as e.koenig at January 26, 2009 07:12 PM (2J+Vs)

41 Yeah too god damn bad Bush's tax cuts created what less than 1 million jobs

Posted by: smoke at January 26, 2009 09:21 PM (6oxG5)

42 Porky!

Posted by: toby928 at January 26, 2009 09:23 PM (PD1tk)

So Toby have you moved out of your mom's basement yet?

Posted by: smoke at January 26, 2009 09:30 PM (6oxG5)

44 DJIA end of session on January 4th 2007, the start of the Democratically controlled 110th Congress: 12,800.18*

National unemployment rate for December 2006: 4.5%

Federal Deficit for 2006 $247 Billion

GDP Growth 2006 3.4%

Its only taken the Democrats two years to turn it to shit.

Posted by: toby928 at January 26, 2009 09:35 PM (PD1tk)

45 I guess that is no then?

Posted by: smoke at January 26, 2009 09:36 PM (6oxG5)

46 Posted twice, for Great Justice

DJIA end of session on January 4th 2007, the start of the Democratically controlled 110th Congress: 12,800.18*

National unemployment rate for December 2006: 4.5%

Federal Deficit for 2006 $247 Billion

GDP Growth 2006 3.4%

Posted by: toby928 at January 26, 2009 09:37 PM (PD1tk)

You pick on Paul "Bunyan" Krugman, but you gotta admit.....this guy
is a "man's" man. His beard alone justifies his bona fides as no mom's
metrosexual son. The ferret-like eyes are keen, sparkling, and his macho
gaze tends to demand respect. I'd hate to face him down in any arena....
but then again, I'm a beta male. I know my place. I'm a conservative.

Posted by: grizzly bare at January 26, 2009 09:44 PM (vzw1g)

48 So, smoke, are you still banging you mom up the squeekhole, and could you hurry it up, some of us are waiting our turn...

Posted by: cheshirecat at January 26, 2009 11:12 PM (0t5bv)

49 The NEW YORK SLIMES is losing readers and subcribers so now their trying to sell their paper hear in the small town where i live but its costs $1:50 while one of our local papers is still 50 cents I mean save a who $1:00 with our local paper

Posted by: Spurwing Plover at January 27, 2009 12:28 AM (j6f/Y)

50 In the closing pages of his latest book, Krugman says that, contary to economists of the Chicago and Austrian schools, there is SO a free lunch! I'm not kidding; you can look it up.'Nuff said?

Posted by: Bilwick at January 27, 2009 10:24 AM (nFJC+)

Is there anyone other than a liberal who listens to Krugman? The liberals will believe anyone that feeds their egos and speaks what they want to hear and doesn't make waves.

Krugman is an economic moron and a political hack. The democratic party could say that water is in fact dry and he would twist what ever fact and science necessary to make it sound realistic. He probably advises the NY Times and that is why they are going down the tubes.

Posted by: Magic at January 27, 2009 11:12 AM (8X9tr)

52 OK let me see if I get this straight. Spending ten times as much to make a job as the salary earns is good... but cutting taxes by that much to get a job is bad? Why, exactly is one okay and the other not?

Posted by: Christopher Taylor at January 27, 2009 05:55 PM (PQY7w)

53 Hmmm, yet another reason that winning a Nobel Prize is a banner declaring the recipient to be a witless gasbag of zero substance...

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