Team Obama admits it's a matter of race

Paul Krugman rocks.

In 2008, Krugman won the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography. According to the prize Committee, the prize was given for Krugman's work explaining the patterns of international trade and the geographic concentration of wealth, by examining the impact of economies of scale and of consumer preferences for diverse goods and services.[9]

Krugman is known in academia for his work on international economics (including trade theory, economic geography, and international finance),[10][11] liquidity traps, and currency crises. He is the 17th most widely cited economist in the world today[12] and is ranked among the most influential academic thinkers in the US.[13]

As of 2008, Krugman has written 20 books and has published over 200 scholarly articles in professional journals and edited volumes.[14] He has also written more than 750 columns on economic and political issues for The New York Times.

 

Government can provide some services, via the jobs it creates, better than I can.

 

Yup. Ship of state. Just try sailing one without a captain.

 

Were you playing "backdoor man" when you typed this jibberish?

 

Krugman is completely disingenuous with his arguments.
He leaves out important facts.

But, most importantly is the the biggest cheerleader for the destructive idea that you can solve a massive debt problem with more massive deficit spending.

Every economist in the world has been trained on the blueprint for hyper inflation. Massive deficit spending and printing by the govt causes hyper inflation.

You will note after seeing what is happening in Europe (in that those who balanced their budgets are recovering best) he seems to have shut up on that issue.

 

The stimulus created very very few jobs in the U.S. It provided far more jobs for oversea companies.

So unless you take Krugmans argument to mean with need massive spending and a new administration who will spend it on roads and trains, we are not buying it.

Plus... our economy is so mature there may be little or nothing more govt spending can do that is productive.

 

So you admit government spending can create jobs?

 

That's like saying: lets spend 100 man hours and $100k to make "X" happen. We can make "X" at those prices because we have no restrictions or incentive to be efficient.

All the while, the true value of "X" in the marketplace is 1 man hour and $100.

So, yes, "X" can be made, but what's the value of doing so?

 

That sounded as desperate as Krugman opining about an alien invasion.

 

"Yes" is sufficient for now, thank you.