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My Apologies: The White House is Always the Last to Know

hvogel Wrote: Jul 31, 2012 8:10 AM
For a supposedly smart man, Krugman says some astoundingly stupid things. Prior to the "stimulus," Krugman wrote that the government would have to spend a whole lot of money, something like $600 billion, for the stimulus to have an effect. Yes, Krugman gave a very specific figure. Two years later, after the government had run through the $800+ billion in stimulus spending, Krugman wrote that the stimulus was bound to fail because, as he's written in past, they just didn't spend enough money. This, even though the stimulus was over 30% larger than he originally said it had to be. Apparently, not even Krugman reads his columns...
chdouglas Wrote: Jul 31, 2012 8:09 PM
Let's see, if you spend more money than you make I think you will eventually go bankrupt. How many American family's can do what our government is doing? Money must come from somewhere. Printing presses just bounce inflation. Example: Prewar Germany where $1 million of their dollars bought one loaf of bread. Fools and fools folly.

Dear Fannie Mae,

It’s not you; it’s them.

The other day I wrote in a column, The Reddest of All Presidents, that a “host of economists, who always seem to be the last to know, have cut GDP growth forecasts recently, in light of rising unemployment and falling manufacturing output. The latest to see the light at the end of the tunnel in its proper context as a speeding train coming right at us is Fannie Mae’s chief economist, Doug Duncan. Fannie Mae always seems to be the last-est of the last to know.”

Please accept my apologies, Mr....

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