Quote of the Day: Paul Krugman on the Republican Base

It’s not a matter of individual speeches or strategic positioning. The Republican Party is where it is because that’s where the base is. You’ve watched that whole primary process. The Republican candidates had to appeal to their base, which is by and large elderly white people arguing with empty chairs.

- Paul Krugman on ABC News “This Week” (September 9, 2012)


SEE ALSO
Lioness: VIDEO: Clint Eastwood’s “Empty Chair Obama” Speech at the GOP Convention (Transcript, too!)
therileyreilly: The Real Empty Chair: Mitt Romney

Quote of the Day: Paul Krugman on Paul Ryan’s Fantasy World

Look, Ryan hasn’t “crunched the numbers”; he has just scribbled some stuff down, without checking at all to see if it makes sense. He asserts that he can cut taxes without net loss of revenue by closing unspecified loopholes; he asserts that he can cut discretionary spending to levels not seen since Calvin Coolidge, without saying how; he asserts that he can convert Medicare to a voucher system, with much lower spending than now projected, without even a hint of how this is supposed to work. This is just a fantasy, not a serious policy proposal.

- Paul Krugman on his blog (August 13, 2012)

Paul Krugman Visits The Colbert Report

On Monday night, two of my worlds came together when Don Draper emerged from the Tardis Paul Krugman visited The Colbert Report. One of the few mainstream voices we have speaking about the economy from a progressive point of view met with the man who should have a Nobel laureateship in satire. And I gotta say, while Krugman’s points are as valid as ever, it wasn’t as magical as I had hoped it would be.

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Paul Krugman Demolishes Conservatives At Night, Too

Paul Krugman was on the British show Newsnight, demolishing two conservative British nitwits like the Hulk smashed through Loki’s Army. Sure, Krugman uses laser-like intellect and super-sharp reason, but the results are similar. Each and every argument for austerity is countered and destroyed.

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Paul Krugman on “Egos and Immorality”

Sure, sure, Paul Krugman is invariably good, but there are some occasions when his columns seem to take it to another level, or perhaps it’s that talent he shares with Atrios — the ability to say with clarity and concision what the bulk of the traditional media ignore, and that they frequently drown out with their willingness to perpetuate false narratives.

On Thursday, Krugman took care to remind all of us just who we’re dealing with on Wall Street…

Remember when Stephen Schwarzman of the Blackstone Group compared a proposal to limit his tax breaks to Hitler’s invasion of Poland? Remember when Jamie Dimon of JPMorgan Chase characterized any discussion of income inequality as an attack on the very notion of success? But here’s the thing: If Wall Streeters are spoiled brats, they are spoiled brats with immense power and wealth at their disposal.

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Wednesday Night Video – Paul Krugman Visits Rachel Maddow

Paul Krugman was on The Rachel Maddow Show last night speaking about his new book, End This Depression Now. He has clear, articulate, practical solutions to our continuing willful economic crisis. Krugman continues to be right about the recipe for recovery, but the matter of what will actually happen is quite different. Are things supposed to just keep getting worse until people get fed up enough?

Paul Krugman on the Broccoli Fallacy

One of the ways in which the right wing have taken aim at the attempt to provide health care in this country is to compare the individual health care mandate (a conservative proposal invented by their very own Heritage Foundation) to the forced purchase and consumption of broccoli. Yeah, it doesn’t really work on any level, but did you expect the Supreme Court justices to act like Tea Party enthusiasts? Paul Krugman didn’t.

Given the stakes, one might have expected all the court’s members to be very careful in speaking about both health care realities and legal precedents. In reality, however, the second day of hearings suggested that the justices most hostile to the law don’t understand, or choose not to understand, how insurance works. And the third day was, in a way, even worse, as antireform justices appeared to embrace any argument, no matter how flimsy, that they could use to kill reform.

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Paul Krugman on Lobbyists, Guns, and Money

Paul Krugman on Sunday highlighted what is known in the liberal blogosphere but tends to go unnoticed in the regular coverage of Trayvon Martin and the Stand Your Ground law — namely, that these laws have not been pushed by people, but by corporations.

Specifically, language virtually identical to Florida’s law is featured in a template supplied to legislators in other states by the American Legislative Exchange Council, a corporate-backed organization that has managed to keep a low profile even as it exerts vast influence.

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Austere Consequences

Paul Krugman keeps churning out sharp insights that can be difficult to find in the traditional media. He had another terrific piece recently, entitled Austerity, American Style, in which he notes the decline in real government spending during this attempt at recession recovery, in opposition to the past two. Perhaps that’s why it’s taking so long? He makes the point even more directly in Reagan, Obama, Austerity, by comparing recent government spending with that of Reagan’s government in 1982.

At this point in the Reagan recovery government spending had risen 11.6 percent; this time around it’s actually down by 2.6 percent. So if we had followed the Reagan track, spending would be almost 15 percent higher.

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Krugman Nails the Economy (So To Speak)

The best assessment I’ve seen so far of last Friday’s job numbers is — no surprise here — by Paul Krugman, who can be trusted when he says…

So here’s what needs to be said about the latest numbers: yes, we’re doing a bit better, but no, things are not O.K. — not remotely O.K. This is still a terrible economy, and policy makers should be doing much more than they are to make it better.

Of course, progressive economists have been much more realistic about the economy all through the downturn. Maybe the “policy elite” will start to listen now that it’s an election year?

The Times, They Aren’t A-Changin’

Workers for The New York Times have gone public in their fight against the Times freezing pensions for some workers while giving handsome retirement packages to the bigwigs. Now can we all stop pretending that the Times is a bastion of liberal thought and action? They often engage in excellent reporting — Paul Krugman is one of my favoritist columnists of all time — but Krugman is actually a prime example of how the liberal voices at the Times often have to sneak themselves into the system. The Times hired Krugman to write on boom economic times — yay, unregulated Capitalism! — without an inkling that he’d become a popular and eloquent critic of George Bush. My interest in reading bloggers came about once I realized that the good ones were a more reliable and thorough source of information on the Iraq war than the Times. Judith Miller was a representative of the standard, not an aberration, and the current Times management is demonstrating that the Times have not changed.

Krugman: It’s Depression

The news amidst Paul Krugman’s latest analysis is that he calls our current economic state a depression. He then goes on to analyze the severity of the current European political quandary.

Obama’s got it covered. His short term response is to heed the Tea Party and balance the budget, damn the circumstances. His long term response is to opine, in three years, how nobody realized it was this bad.

Paul Krugman: Depression and Democracy

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