Krugman Continues To Get It Right

Krugman has a straightforward, but effective, way of pointing out the absurdity of a Romney presidency. Here are a few of his observations.

On the GOP ideology and Romney:
"“I have a structural hypothesis here,” Krugman told ABC’s Christiane Amanpour Sunday. “You have a Republican ideology, which Mitt Romney obviously doesn’t believe in. He just oozes insincerity, that’s just so obvious. But all of the others are fools and clowns. And there is a question here, my hypothesis is that maybe this is an ideology that only fools and clowns can believe in. And that’s the Republican problem.”

On Romney's plan for job creation:
"Headline--Mitt Romney Promises to Create Eleventeen Million Jobs
OK, not exactly. But he did say that we should be creating 500,000 jobs a month — which almost never happens — and that we should have 4 percent unemployment, which is way below almost anyone’s estimate of the lowest rate we can have without accelerating inflation. But he understands the economy, right?

Incidentally, since Romney is proposing a complete return to Bush economic policies, it might be interesting to note the average rate of job creation during Bush’s first 7 years in the White House — that is, his record even if you ignore the catastrophe at the end. And that average monthly rate, from the BLS, was … drum roll … 66,000."

One of the commenters on Krugman's blog is also clearly bright:
"I am not certain that even if he were to suddenly embrace reasonable policies that Romney has the minimal creative imagination to be President.

He may have been a good executive in a company where the decisions were made before they went in. Close it down. Sell this to them. Sell that to someone else. Pay off the workers. Send the pensions to the pension benefit agency. Done. Pick up the check. Go on vacation.

Not a lot of imagination there. Some efficiency and a good business vocabulary but not much imagination.

But what has he done on the campaign trail? Made some pretty silly comments. For example, Bush did 65000 to 70000 jobs a month. Romney will never do 500,000. He's got our workers mixed up with Chinese workers.

He's made other outrageous statements, too. He claims that what President Obama did with the auto industry is what he would have done, but he really was suggesting the opposite. People in the know, know that. So, he may simply self destruct.

This comment about jobs may not be apparent to the average person. But one of these days he will make a mistake about something that the average "guy or gal" does know about and that will be his Waterloo.

These conservatives are not sold on him. They're suspicious. If he makes a big gaffe...and this was a big one...in a debate or a well-viewed speech, he'll be toast. It will happen. He's just arrogant enough. I can see it coming.

Bush and now Romney? Whatever happened to standards at Harvard Business School?"

No way Romney even comes close to winning this election.
sierra165 sierra165
41-45, M
2 Responses May 5, 2012

I think even in cynical Washington, jaws drop at the absurd lies that come out of Romney's mouth. I mean--He isn't even good at it! <br />
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Krugman is brilliant and full of integrity, the antithesis of Romney.

I love Krugman. During the Bush years, he was a knight in shining armour...practically the only progressive economist the media would allow to speak. I agree about Romney too, the more he opens his mouth, the better it will be for Obama's prospects.