Paul Krugman

Stumped: Hillary Can't Name One Economist Who Supports Her Gas-Tax Holiday

By Mark Finkelstein | May 4, 2008 - 13:15 ET

My two cents say George Stephanopoulos gave Hillary a harder time than Tim Russert did Obama during their respective appearances on This Week and Meet the Press today. Russert never pinned Obama down on exactly what he knew of Rev. Wright's most controversial assertions and when he knew it.

Over on ABC, Stephanopoulos twice challenged Hillary to name a single economist who supported her proposal for a gas-tax holiday, and threw in her face the fact that even her big admirer in economist ranks, Paul Krugman of the NY Times, has criticized her over it. In exposing her inability to name a single practitioner of the dismal science who supported her plan [McCain, who's also called for a gas-tax holiday would presumably be similarly hard-pressed], Stephanopoulos left Clinton looking like a panderer. Stephanopoulos raised the issue right out of the box.

View video here.

NYT's Krugman: McCain 'Evil', Clinton 'Pointless' on Gas Taxes

By Ken Shepherd | May 1, 2008 - 12:27 ET

Hillary Clinton's tax policy on gas and oil is "pointless" while John McCain's is "evil," according to New York Times columnist Paul Krugman. But in explaining the difference, Krugman betrays either his ignorance of the flawed history of the so-called "windfall profits tax" on petroleum or his tacit approval of the tax despite its folly as public policy.

From Krugman's April 29 Conscience of a Liberal blog post (emphasis mine, paragraph breaks removed):

Anyway, John McCain has a really bad idea on gasoline, Hillary Clinton is emulating him (but with a twist that makes her plan pointless rather than evil), and Barack Obama, to his credit, says no. [...] The Clinton twist is that she proposes paying for the revenue loss with an excess profits tax on oil companies. In one pocket, out the other. So it’s pointless, not evil. But it is pointless, and disappointing.

Far from being pointless, a windfall profits tax produces negative effects on consumers and investors, as well as the health of the energy industry, say many economists, including former Bill Clinton economic advisor Robert J. Shapiro who focused his fire on the policy's damage to retirees' investments (see PDF of study here).

Washington Post reporters Alec MacGillis and Steven Mufson found another liberal economist with nothing positive to say for a windfall profits tax in their May 1 front-page article (emphasis mine):

Krugman Comes Clean After Recycling Story His Own Paper Debunked

By Jeff Poor | April 15, 2008 - 17:51 ET

It has to be tough advocating an ideology that requires seeking out things that are bad in American society.

New York Times columnist Paul Krugman found one very heartbreaking story Democratic presidential hopeful Hillary Clinton had been using on the campaign and used it in the lede of his April 11 column.

Unfortunately for Krugman it wasn't quite accurate. Even worse, his own paper was one of the first media outlets to debunk the story.

"Not long ago, a young Ohio woman named Trina Bachtel, who was having health problems while pregnant, tried to get help at a local clinic," Krugman wrote. "Unfortunately, she had previously sought care at the same clinic while uninsured and had a large unpaid balance. The clinic wouldn't see her again unless she paid $100 per visit - which she didn't have. Eventually, she sought care at a hospital 30 miles away. By then, however, it was too late. Both she and the baby died."

Weekend Captionfest II

By NB Staff | March 30, 2008 - 18:42 ET

http://newsbusters.org/static/2008/03/2008-03-30ABCTWKrugman3.jpg

Challenged by George Will during This Week of March 30th, liberal economics professsor Paul Krugman looks nervously to liberal economics professor Robert Reich. Krugman was one of four liberals at the round-table versus the sole conservative, Will.

Will Against The Liberal World on 'This Week'

By Mark Finkelstein | March 30, 2008 - 15:12 ET

Have a look at the screencap from today's This Week, then please answer this serious question: has ABC no shame? How does the network justify a round-table consisting of four liberals against one conservative?

Let's review the batting order:

  • Robert Reich: Clinton's former Labor Secretary comes from the leftward reaches of the Dem party. He's a co-founder of the liberal American Prospect magazine.
  • Paul Krugman: Like Reich, a very liberal professor of economics, and a NYT columnist.
  • Donna Brazile: Dem activist, Gore 2000 campaign manager.
  • George Stephanopoulos: The show host was a senior political adviser to Bill Clinton's 1992 presidential campaign and later became Clinton's communications director.
  • George Will: conservative columnist and [since we're talking batter order and this is Opening Day after all] baseball aficionado.

View video here.

Eliot Spitzer’s Last Pay-to-Play Scandal?

By Matthew Vadum | March 10, 2008 - 22:00 ET

The revelation that New York Governor Eliot Spitzer, the Social Justice League's caped crusader, has been involved in a prostitution ring will no doubt come as a shock to all those progressives who have faithfully –often fanatically– boosted him over the years. For years the boy wonder has prattled on about market abuses, both real and imagined, especially during his media-saturated tenure as New York’s attorney general from 1999 to 2006. For years journalists and pundits have hailed Spitzer as the protector of all things good. In a 2005 Time “Heroes & Icons” profile subtitled, “The Tireless Crusader,” John Bogle said Spitzer served with “energy, savvy and distinction” as state attorney general. In 2002 Time hailed him as “Crusader of the Year,” an event Spitzer notes in the bio of his gubernatorial website.

NYT Columnist Paul Krugman: Obama Supporters Are Like Nixon

By Clay Waters | February 12, 2008 - 10:57 ET

Economist and columnist Paul Krugman continues to rile his natural liberal allies by filing anti-Barack Obama screeds. On Monday he delivered the ultimate sanction, comparing Obama supporters to Clinton haters and even (gasp!) Richard Nixon in "Hate Springs Eternal."

In fact, these days even the Democratic Party seems to be turning into Nixonland.

Krugman Komedy: Europe as 'the Comeback Continent'

By Tom Blumer | January 14, 2008 - 00:28 ET

Paul Krugman clearly isn't lacking in chutzpah.

His January 11, 2008 New York Times column ("The Comeback Continent"; HT Tom Maguire via Instapundit) is yet another in a seemingly endless series of attempts by economic statists to convince people in the US that we need to be more like Europe -- specifically Western Europe -- and less like the growth-driven, market-based capitalists that we still largely are.

Here is part of what Krugman wrote in a remarkably fact-free column:

.... tales of a moribund Europe are greatly exaggerated.

..... I don’t want to exaggerate the good news. Europe continues to have many economic problems. But who doesn’t? The fact is that Europe’s economy looks a lot better now — both in absolute terms and compared with our economy — than it did a decade ago.

Krugman Shows Why Liberals Think Economy Is Lousy

By Noel Sheppard | November 21, 2007 - 18:40 ET

For years one of the great unanswered questions along Main and Wall streets has been why, in the midst of 24 consecutive quarters of uninterrupted growth, polls have regularly found Americans sour about the economy.

On Tuesday, a battle between the New York Times liberal economics columnist Paul Krugman and WOR radio's Steve Malzberg offered a clue.

In fact, after 16 minutes of sparring on subjects from healthcare to the Iraq war, a truly inconvenient truth became evident concerning the left's continued bearishness since the economy emerged from recession in the fourth quarter of 2001: too many folks listen to people like Krugman.

As a perfect illustration of just how separated this man, and anybody who reads him, are from reality, when Malzberg asked Krugman where he'd seek medical treatment if he was really ill, the Times columnist said (16 minute long audio link available here):

Tom DeLay Wants to ‘Slap’ NYT’s Paul Krugman

By Noel Sheppard | November 20, 2007 - 21:06 ET

Don't you love it when you find out that leading political figures in America think just like you?

Before you answer, consider a recent comment made by former House Majority Leader Tom DeLay about the New York Times "economic" columnist Paul Krugman.

Due to language that might offend some, the actual quote comes after the break.

However, let's just say that as reported by the Washington Examiner's Yeas and Nay's blog Tuesday, DeLay is about as fond of Krugman as most Americans with an above body temperature intelligence quotient (fair and final profanity warning):

The Belittling Control-Freak Dominatrix

By Mark Finkelstein | November 18, 2007 - 08:15 ET

Who'd you bet on in a Mixed Martial Arts match between Paul Krugman and Maureen Dowd? You might get the chance. Earlier this week, Krugman called Barack Obama a "sucker" and a "fool," while praising Hillary. Maureen Dowd has now gone after Paul's girl, calling Clinton every name in the headline and a few more.

The theory of Dowd's column today is that while Hillary knows how to shake Barack Obama with her ice-cold demeanor, Rudy will revel in the combat with Clinton. Excerpts from "Shake, Rattle and Roll" [emphasis added]:

Who Branded Barack 'Fool' and 'Sucker'?

By Mark Finkelstein | November 16, 2007 - 09:35 ET

Which prominent pundit has called Barack Obama a "sucker" and a "fool"?

A. Rush Limbaugh
B. Ann Coulter
C. Michelle Malkin
D. Mark Levin
E. Laura Ingraham

Jeopardy theme-music playing . . .

In Stealth Battle of NYT Columnists, Brooks Sinks Krugman Over Racist Reagan Claim

By Clay Waters | November 12, 2007 - 16:09 ET

Times columnist David Brooks blew a hole into the left-wing myth of Ronald Reagan appealing to Southern racists to kick off his 1980 presidential campaign. What makes Brooks's Friday column doubly valuable -- it's a bank-shot sinking of fellow Times columnist and Republican-hater Paul Krugman.

Brooks's "History and Calumny" defends then-candidate Ronald Reagan from leftists like Krugman who have long slurred his 1980 campaign kick-off in Philadelphia, Miss. as a racist appeal.

"Today, I'm going to write about a slur. It's a distortion that's been around for a while, but has spread like a weed over the past few months. It was concocted for partisan reasons: to flatter the prejudices of one side, to demonize the other and to simplify a complicated reality into a political nursery tale.

Krugman’s Book Blames ‘Southern White Voters’ for All Economic Ills

By Jeff Poor | October 24, 2007 - 16:26 ET

Apparently the conscience of a liberal isn’t bound from making ad hominem attacks against Southerners and their voting patterns.

That’s the impression one would get from Paul Krugman’s 286-page diatribe, “The Conscience of a Liberal,” espousing the expansion of the welfare state. The welfare state that would be possible, that is, if it weren’t for Southern white voters who voted Republican.

“It’s almost embarrassing. I talk a lot to political scientists, and you go through the numbers and the polls. And it all boils down – almost everything else goes away, except for five words: ‘Southern whites started voting Republican.’ The backlash against the civil rights movement explains almost everything that’s happened in this country for the past 45 years,” Krugman said in an interview promoting his book on the left-wing Democracy Now! newscast on October 17 .

S-CHIP: Dems, Media Mount Another 'Smear' Campaign

By Dan Riehl | October 19, 2007 - 11:19 ET

Despite, or perhaps because of the S-CHIP stalemate in Washington, liberal media outlets including the New York Times, Think Progress and now the Courier Journal in Louisville, Kentucky continue to somewhat sinisterly flame one aspect of the S-CHIP story at the urging of Democrat Senatorial Campaign Committee (DSCC) staffer Matt Miller, even though the narrative they've woven isn't at all supported by the facts.

I've obtained a copy of one of allegedly many emails Miller has used to try and gin up buzz around a false story targeted at the Republican Leader. And as you'll see below, it seems the liberal media likes its gin.

From: Matthew Miller ******@dscc.org
Sent: Tuesday, October 16, 2007 4:11 PM
To: Matthew Miller
Subject: KY Station Asks: Did McConnell mislead public?

In case you missed it, the Louisville Courier-Journal reported this morning that Senator Mitch McConnell’s office played a key role in spreading false information about a 12-year old boy who receives health insurance from the SCHIP program. Now Kentucky television station WHAS is reporting that McConnell appears to have misled the public when he denied any involvement in the story on Friday. McConnell is now caught between his public statement denying any role in spreading the story, and his spokesman’s admission that he did.

Shuster Sad Krugman Didn't Call Conservatives 'Wingnuts'

By Mark Finkelstein | October 15, 2007 - 06:53 ET

This could be a first: someone accusing Paul Krugman of being insufficiently insulting to conservatives.

That someone is, unsurprisingly, David Shuster, the rabidly anti-conservative MSNBC "correspondent." Shuster is appearing on [was exiled to?] today's "Morning Joe." When it came time to share his "must-read" of the morning, Shuster eschewed Krugman's column, "Gore Derangement Syndrome," observing that "Gore is a little bit passé at this point."

Give Shuster credit for sensing that Americans have had enough of Al, thank you very much. But that didn't stop Mika Brzezinski from citing that same Krugman column as her must-read. Figures. And when she did, Shuster pouted that Krugman hadn't used the pejorative.

View video here.

Bill Maher Uses Mexico's Vicente Fox to Insult President Bush

By Noel Sheppard | October 13, 2007 - 16:12 ET

In reality, there were a lot of disgraceful moments during Friday's "Real Time" on HBO, like "The View's" Joy Behar saying "the Republican [presidential] candidates are a bunch of pussies," and calling Michelle Malkin "a selfish bitch."

Despite such lowlights, the most deplorable moment of the evening -- and maybe the most despicable thing Bill Maher has done his entire entertainment career -- was to invite former Mexican president Vicente Fox on his program to bash George W. Bush.

After all, it's one thing to have actors, musicians, comedians, and pundits on your show debasing the most powerful man on the planet who also happens to be a fellow citizen. But to invite a former president of one of America's closest allies and neighbors to participate in insulting your own president is about as low as a member of the media can go.

For those with a strong stomach, Maher began the interview with the following shameful question (video available here courtesy my dear friend Ms Underestimated):

NYT's Krugman: Reagan Thought Hunger 'Was Nothing But a Big Joke'

By Michael M. Bates | October 5, 2007 - 12:23 ET

In today's New York Times, Paul Krugman's commentary, "Conservatives Are Such Jokers," begins:

In 1960, John F. Kennedy, who had been shocked by the hunger he saw in West Virginia, made the fight against hunger a theme of his presidential campaign. After his election he created the modern food stamp program, which today helps millions of Americans get enough to eat.

But Ronald Reagan thought the issue of hunger in the world’s richest nation was nothing but a big joke. Here’s what Reagan said in his famous 1964 speech “A Time for Choosing,” which made him a national political figure: “We were told four years ago that 17 million people went to bed hungry each night. Well, that was probably true. They were all on a diet.”

Today’s leading conservatives are Reagan’s heirs.

NYT’s Paul Krugman Calls Republicans Racists

By Noel Sheppard | September 24, 2007 - 10:21 ET

I wonder how many NewsBusters readers knew they were racist.

After all, if the New York Times publishes a column saying that we are, it's got to be so given that it is the paper of record in this country, correct?

Ironically, it does seem fitting days after the civil rights protests in Jena, Louisiana, that one of the Times' leading columnists would point fingers at the Party largely responsible for getting civil rights laws passed four decades ago.

Yet, that didn't stop the Times' Paul Krugman, as facts never seem to matter whenever he puts his fingers on a keyboard. As such, for those that can stomach it, here were the lowlights of his "Politics in Black and White" (emphasis added throughout):