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PAUL KRUGMAN PREDICTS IMMINENT CRASH OF DOLLAR, HIGH INTEREST RATES — in 2003. To be fair, I have predicted 7 of the last 3 recessions myself.

PAUL KRUGMAN HARDEST HIT: S&P, Nasdaq soar to record highs, unfazed by Mueller testimony. Well, I don’t think anyone expects the Mueller report to lead to impeachment at this point.

PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS: After Paul Krugman Compares Republicans to Nazis, He Beclowns Himself Complaining About Socialist Labels.


I eagerly await Paul Krugman’s stern condemnation of such dehumanizing eliminationist rhetoric.

YES, WE ALREADY KNOW THAT COCAINE MITCH PLAYS FOR KEEPS, NANCY. Nancy Pelosi’s latest shot at Mitch McConnell is already backfiring and we’re here for it:

Curious that Democrats have no problem holding up a sign that says “McConnell’s Graveyard.” I’m so old, I can remember when they accused political clip art of having murderous intent, and demanded a new civility from both sides of the aisle. Despite the plethora of left-on-right violence since November of 2016, Nancy Pelosi seems to have no problem with rhetoric that could be seen as eliminationist, and I eagerly await Paul Krugman’s stern condemnation.

Related: McConnell: As long as I’m Senate leader, Democrats’ ‘socialist schemes’ won’t become law.

TRUMP WILL AWARD THE PRESIDENTIAL MEDAL OF FREEDOM TO ECONOMIST ARTHUR LAFFER, FOR HIS CONTRIBUTIONS TO GROWTH AND PROSPERITY: Paul Krugman Hardest Hit. “In fact, shouldn’t someone call the NY police to do a welfare check on Krugman and his cat?”


Heidi Przybyla, NBC News National Political Reporter, praised Pelosi’s use of “toddler language” along the lines of “when you eat your peas and squash, I’ll be happy to talk with you about dessert.” Jonathan Lemire of The Associated Press shared the excitement of his female co-panelists, romanticizing how Pelosi “trolls him and she knows his soft spots. She knows exactly where to…plunge the knife time and time again.”

I eagerly await Paul Krugman’s forceful condemnation of such eliminationist rhetoric.

PAUL KRUGMAN, MORON. “Krugman, 66, evidently does not remember President Barack Obama’s eight years in office, and all the Presidential Medals of Freedom he fastened around the necks of aging celebs.”

That’s different, because shut up.

IS THERE NO CEILING ON KRUGMAN’S LUNACY? Apparently not, judging by his latest tweet blasting President Donald Trump for giving Tiger Woods the Presidential Medal of Freedom.

GREAT AGAIN: Stocks Surge on New Jobs Report, Lowest Unemployment in a Generation: “The U.S. adding a robust 263,000 new hires in April while the unemployment rate fell to 3.6%, the lowest in a generation, according to a Labor Department report Friday. Nonfarm payroll growth beat Wall Street expectations of 190,000 and a 3.8% jobless rate, according to Dow Jones estimates.”

Paul Krugman on Election Night: “If the question is when markets will recover, a first-pass answer is never.”


ANOTHER UPDATE: From the comments: “Democrats better get moving — they only have a little more than a year to tank the economy.”

PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”

CNBC LAST NIGHT: S&P 500 and Nasdaq close at record highs after strong GDP report. “The economic expansion will set new records for longevity in July and it looks like there is no stopping this economy.”

This never gets old. . . .

NEW CIVILITY WATCH: Cory Booker tells supporter who wanted him to punch Trump,  ‘Black guys like us, we don’t get away with that.’

“I go to these meetings sometimes – I talk a lot about this one, the time where a guy comes up to me in the beginning before I spoke and he says to me, ‘I want you to punch Donald Trump in the face.’ And I looked at him and I go, ‘sir, that’s a felony,’” Booker said laughingly in audio of his remarks provided to The Hill, before adding, “and black guys like us we don’t get away with that. We don’t get away with that.”

I eagerly await Paul Krugman’s condemnation of Booker’s tolerance of eliminationist rhetoric.

KAROL MARKOWICZ: Don’t buy the attacks on Trump’s Fed picks. Well, they were going to say pretty much the same thing about anyone he picked, because that’s the way things work now.

New York magazine’s Jonathan Chait similarly called Cain “an unqualified hack.” Chait, like Krugman, does this to every ­Republican. In 2003, he wrote a piece for The New Republic that began: “I hate President George W. Bush. There, I said it.”

Cain and Moore, in other words, shouldn’t have expected fair treatment from the mainstream media. Yet both men have the right experience for the Fed seats to which they are likely to be nominated.

Start with Cain, whose US Senate campaign I worked on in 2004 and who has extensive experience in economics and finance.

From 1995 to 1997, he served as the chairman of the Federal ­Reserve Bank of Kansas City, having served as deputy chairman for two years before that.

If that’s not relevant experience, what’s the point of the Regional Bank Boards?

As for Stephen Moore, he has worked as an economist at both the conservative Heritage Foundation and the Congressional Joint Economic Committee. He has also served as an editorial writer for The Wall Street Journal and occasionally contributes to these pages.

It’s rich to hear people like Paul Krugman and Jonathan Chait calling people unqualified hacks.

SISTER TOLDJAH: Paul Krugman Says Something Dangerously Stupid About “Brands Of Anti-Semitism”, Gets Flattened In Response.

I’m (just) old enough to remember when Krugman was a not-very-political economist with interesting or unexpected things to say, but those memories are growing dim.


As usual, if they’re complaining about others doing it, then it means they’re doing it in spades.

UPDATE: Good news from Paul Krugman: My own side’s anti-semitism doesn’t scare me.


PAUL KRUGMAN, MEET DATA. DATA, MEET PAUL KRUGMAN: Does Krugman not know this, or is he in such a bubble that he thinks “it can’t happen here?”





BUT THE HASTILY IMPROVISED NARRATIVE! No, Economists Don’t Agree a 70 Percent Top Marginal Tax Rate Is a Good Idea.

Hell, Paul Krugman and Paul Krugman can’t even agree on it.


Krugman argues in favor of marginal tax rates in the 80% range for the “rich.” Economist Bill Anderson comments on my Facebook page (reprinted with permission): “At the 2004 Southern Economic Association meetings in New Orleans, I asked Krugman in a room full of economists if he believed we should go back to the 1980 top rates [of 70%]. His answer: ‘Oh, no! Those rates were insane!’ His exact words. So, it is official; Krugman now endorses insanity. How appropriate.”

NEW SOCIALIST “IT GIRL” CONTINUES TO PAY DIVIDENDS: Ocasio-Cortez weighs a new primary target: Hakeem Jeffries.

Jeffries [D-NY] has sparked the ire of Justice Democrats for several reasons. The group feels Jeffries takes too much money from corporate interests, a key litmus test, and is overly friendly with banking and pro-charter school interests. But Ocasio-Cortez is also unhappy that a campaign donation to her from Rep. Barbara Lee (D-Calif.) was allegedly used in a whisper campaign against Lee before her narrow loss to Jeffries in the recent race for Democratic caucus chair — a charge those allegedly involved have called a complete falsehood.

“It’s personal for Ocasio,” said the person who spoke with Ocasio-Cortez and her staff. “And she’s going to go all out to take him out.”

“Target?” “It’s personal?” “Going all out to take him out?” With all that eliminationist rhetoric flying around AOC, I sure hope her clip art has been approved by Paul Krugman.

UPDATE: What Alexandria Ocasio-Cortez’s Challenge To Hakeem Jeffries Could Mean For 2020.

IF YOU MISSED IT ON FRIDAY: Rep. Eric Swalwell (D-CA): If Americans Fight Against Gun Confiscation, Feds Can Nuke Them.

I eagerly await Paul Krugman’s harsh condemnation of this reactionary elliminationist rhetoric.

NEW CIVILITY WATCH: New York Times now printing fantasies of President Trump being assassinated with help of Secret Service.

I eagerly await Paul Krugman’s forceful condemnation of this eliminationist rhetoric.


● Shot: After Tucson, will media tone it down?

—Headline,, January 17, 2011.

● Chaser: HOLY S*IT: New editorial cartoon shows Kyrsten Sinema shooting down ex-combat pilot Martha McSally.

Twitchy, last night.

In this superheated political environment, I eagerly await Paul Krugman’s condemnation of an illustration that goes “far beyond politics as usual.”

SO MUCH WINNING: The ‘Skills Gap’ In Unemployment Is Almost Non-Existent In Trump’s Economy.

JOEL KOTKIN: America Is Better Than Its Politicians. I should hope so.

Ever since the election of Donald Trump, many of our leading academic voices, like Paul Krugman, predicted everything from a stock market crash to a global recession. Slow growth, mainstream economists like Larry Summers, argued, was in the cards no matter who is in charge. That was then. Now the United States stands as by far the most dynamic high-income economy in the world.

In such areas as economic growth, the U.S. is generally outperforming other rich countries — such as Japan, Germany and the rest of the EU — by roughly two to one. Meanwhile our most serious global rival, an increasingly overextended China, as well as much of the developing world, are seeing drops in once rapid growth rates.

Go figure.

THE NOBEL PRIZE FOR BAD ECONOMIC PREDICTIONS: Continually Mistaken, Chronically Admired. From his admiration of Hugo Chavez’ economic policies to his predictions about Fannie Mae, Joseph Stigliz has proven that you don’t have to be correct to be a celebrated left-wing economist. (To be fair, Paul Krugman deserves priority for this discovery.)

GREAT MOMENTS IN SELF-AWARENESS: Kavanaugh Called ‘Smarmy, Smirking, Entitled…Mercenary’ — by Paul Krugman.

NEW CIVILITY WATCH. Arizona Senate: Kyrsten Sinema’s anti-war group blasted ‘U.S. terror,’ depicted soldier as skeleton in 2003 flyers.

I eagerly await Paul Krugman’s condemnation of this eliminationist clip-art:

As Veteran Twitter user “Comfortably Smug” writes, “Reminder: Sinema is running against [Martha McSally] who is the first woman to fly combat missions in the Air Force. This is going to hobble Sinema’s campaign. She’s finished.”

DAVID HARSANYI: There Is Nothing ‘Illegitimate’ About The Brett Kavanaugh Nomination. “Democrats keep creating a make-believe constitutional order.”

But much like their ideal Supreme Court, Democrats have set about fabricating brand new extra-constitutional standards that happen to always align with their partisan aims. Their latest concocted stipulation states that anyone nominated by a present under suspicion of criminality becomes “illegitimate.”

Democratic Sens. Mazie Hirono and Ed Markey canceled meetings this week with prospective Supreme Court Justice Brett Kavanaugh. Markey said the nominee was “illegitimate” because the president was “all but named as a co-conspirator.” A similar sentiment was repeated by many Democrats and liberal pundits. The Supreme Court itself, contends The New York Times’ Paul Krugman, would become “fundamentally illegitimate.”

Much of this, of course, is typical Trump-era hyperbole. None of these senators were going to vote for Kavanaugh anyway, and none of these pundits are going accept the validity of the Supreme Court that adheres to the Constitution as written. Yet, it’s still worth noting the vacuosness of their arguments.

Turns out there’s a lot of vacuity worth noting, so you’ll want to read the whole thing.

DAN MITCHELL: Paul Krugman, Supply-Side Economist.

YOUR DAILY TREACHER: The New York Times Has the Right to Hire Racists. “As it turns out, Jeong also hates cops and men. She even hates Paul Krugman! See? She’s gonna fit in at the Times just fine.”

Heh, indeed. Read the whole thing.™

‘A CRIMINAL ORGANIZATION MASQUERADING AS A POLITICAL PARTY’ is how Michael Walsh, writing in the guise of his leftwing alter-ego, David Kahane, has described the Democratic party on occasion. And the New York Times, its house organ, concurs! In an article yesterday titled “Democrats: Do Not Surrender the Judiciary,” the Gray Lady’s editorial board has a modest plan for their party:

With Republicans controlling the Senate and the judicial filibuster dead, the Democrats’ odds of denying President Trump a second Supreme Court appointment are slim. Barring some unforeseen development, the president will lock in a 5-to-4 conservative majority, shifting the court solidly to the right for a generation.

This is all the more reason for Democrats and progressives to take a page from “The Godfather” and go to the mattresses on this issue.

“I’m confused on if 1. Anyone on The NY Times Ed Board has seen The Godfather or if 2. They have and are suggesting starting a murderous mob war to prevent a SCOTUS pick,” Stephen Miller asks. “Because THIS is what happens when you go to the mattresses,” Twitchy adds:

I’m old enough to remember when the left wanted gun-related metaphors to be considered the equivalent of the N-word; now they’re ready to launch mob wars and put horses’ heads into beds. I eagerly await Paul Krugman’s condemnation of his own newspaper’s eliminationist rhetoric.

NEW CIVILITY WATCH: L.A. Antifa Group Hangs Trump in Effigy, Calls for ‘Revolutionary Violence’ Against ‘the Capitalist State.’

I eagerly await Paul Krugman’s brutal condemnation of such eliminationist rhetoric and imagery.


The Times coverage is decent but overlooks a lot. The short version is this: the incumbent, Dan Lipinski, is a pro-life anti-ObamaCare Blue Dog Democrat who was locked in a near-death struggle with a progressive challenger. The Nazi, Jones, had been kept off the ballot in cycles past by the invocation of technicalities. So the plan was to DQ Jones and let Republican crossover voters in the primary keep Lipinski alive. Since Lipinski won, barely, that part of the plan succeeded.

In 2016, for example, the Republican Party also failed to run a conventional candidate. Jones was the only one to submit signatures but the party managed to disqualify him to keep him off the primary ballot. They had the same plan for 2018 but Jones outmaneuvered them with a last-minute filing. . . .

The peril and promise of these ballot access rules is that ordinary registered voters are empowered – the party bosses cannot unilaterally dismiss reform minded, “rage against the machine” candidates like in the good old days. On the other hand, sometimes shit happens. . . .

Apparently Republicans will muster a write-in sacrificial lamb for the November vote. And Krugman, Oliver and the other progressive entertainers will have their fun.

Personally, I hate Illinois Nazis.

NEW CIVILITY WATCH: Eric Holder tells GOP, ‘You want to have a knife fight, we’re gonna do it.’

I eagerly await Paul Krugman’s stern denunciation of this eliminationist rhetoric.


TRUTH EVENTUALLY WINS OUT: As far back as 2009, moral deity, overall supergenius and carbon footprint monster Paul Krugman told us lesser mortals that:

“In Britain, the government itself runs the hospitals and employs the doctors. We’ve all heard scare stories about how that works in practice; these stories are false.

Really? Says a victim of the NHS in one “scare story” from the Socialist-leaning Guardian:

“I was expecting to get the treatment, but they gave me a form requesting a British passport, so that was the end of that,” he said. Thompson has never had a British passport, and was not aware he needed one. The Jamaican passport he arrived with was lost many years ago…The lady wasn’t at all polite. She said you have to produce it or pay £54,000. I said: ‘Oh my god, I don’t have 54 pence, let alone £54,000.’”

Krugman uses the word “false.” I do not think it means what he thinks it means.


**Link fixed**

PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”

CNBC just now: Dow breaks above 25,000 for the first time ever after strong jobs data.

PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”

Today’s WSJ: Nasdaq Closes Above 7000 for First Time.

PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”

CNBC Today: Dow rises 5,000 points in a year for the first time ever.

PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”

CNBC, tonight: Stocks close at all-time highs as odds of tax bill passing increase.

PAUL KRUGMAN HARDEST HIT: Former UK Defense Official: Military May Not Be Adequately Prepared for Alien Invasion.

(Classical allusion in the headline.)

HIGHER EDUCATION BUBBLE UPDATE: Jack Goldsmith & Adrian Vermeule: Elite colleges are making it easy for conservatives to dislike them.

First is the obvious progressive tilt in universities, especially elite universities. At Harvard, for example, undergraduate students overwhelmingly identify as progressive or liberal and the faculty overwhelmingly gives to the Democratic Party. Even Harvard Law School, which has a handful of conservative scholars and a new conservative dean, is on the left end of law school faculties, which are themselves more progressive than the legal profession.

Second, the distinctive progressive ideology of elite universities is relentlessly critical of, to the point of being intolerant of, traditions and moral values widely seen as legitimate in the outside world. As a result, elite universities have narrowed the range of acceptable views within their walls.

Third is the rise of anti-conservative “mobs,” “shout-downs” and “illiberal behavior” on campus, as New York University social psychologist Jonathan Haidt describes it. Conservative speakers of various stripes are being harassed and excluded with increasing frequency. “Today, on many college campuses, it is liberals trying to repress conservative ideas,” noted former New York mayor Michael Bloomberg at a Harvard address a few years ago. Harvard is actually somewhat better on these issues than many universities — it hasn’t had anti-conservative mobs, and it has been relatively respectful of conservative speakers. But even at Harvard, the pervasive progressive orthodoxy chills conservatives’ speech in the classroom and hallways.

Fourth is the public contempt of so many university academics for those who fund their subsidies. Paul Krugman, an emeritus professor at Princeton University now at the Graduate Center of the City University of New York, as well as a New York Times op-ed columnist, offered a self-described “deep thought” in reaction to a Washington Post article about rising conservative anger at American universities: “Maybe conservatives are turning against learning because learning is incompatible with modern conservative ideology.” Krugman’s statement was a mere tweet. But in our experience it reflects an attitude that is widespread at elite universities.

Yep. Plus: “Conservative politicians and their constituents hear, on the one hand, that government owes universities a continuance of largesse and, on the other, that conservatives are ignorant, unworthy or corrupt. This sounds suspiciously like special pleading by an intellectual elite that wants to indulge in social criticism at the expense of the criticized, in both figurative and literal senses.”

PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”

CNBC, just now: Dow rips 331 points higher, closes above 24,000 as chances of Senate tax bill passing rise. “The Dow Jones industrial average surged 331.67 points to close above 24,000 for the first time, with United Technologies leading advancers on the 30-stock index. The S&P 500 advanced 0.8 percent to close at 2,647.58 — an all-time high — with industrials and information technology among the best-performing sectors.”

PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”

L.A. Times this weekend: Strong economy boosts Trump among otherwise skeptical voters.

At a recent focus group that Peter Hart, a longtime Democratic pollster, conducted in Wilmington, N.C., for Emory University, even participants who voted for Trump last year sharply criticized his administration, calling it “chaotic” “embarrassing” and disappointing.

Of the five Trump voters among the dozen participants, only one still strongly supported the president. The harsh critiques from the other four followed a pattern that Hart found earlier this year, illustrating how a segment of Trump voters, mostly college-educated and middle- to upper-income whites, has turned against him because of his behavior.

But when the subject turned to the economy, opinions of Trump noticeably warmed.

Trump wants to “bring the economy jobs — infrastructure, construction,” said Katrina Harrell, a 38-year-old black self-employed businesswoman who voted for Hillary Clinton last year. Harrell was extremely critical of almost all other aspects of the administration, but on the economy she gave Trump credit.

“I think those are good moves,” she said. “I mean, that’s what he knows — business.”

Things do seem to be humming along.

IN NATIONAL REVIEW, OF ALL PLACES: This Thanksgiving, Thank Donald Trump:

This Thanksgiving, Americans in general — and free-market conservatives in particular — have plenty for which to be grateful. And much of it would be absent had the White House’s current occupant not become president on November 8, 2016. The day after Donald J. Trump defeated Hillary Clinton, Princeton University economist Paul Krugman called Trump’s victory “the mother of all adverse effects.” He predicted “very probably . . . a global recession, with no end in sight.” • The Dow Jones Industrial Average, NASDAQ, and S&P 500 all hit record highs on Tuesday. The Wilshire 5000 Index calculates that some $3.4 trillion in new wealth has been created since President Trump’s inauguration and $5.4 trillion since his election. Fueled by the reality of deregulation, expectations of lower taxes, and a new tone in Washington that applauds free enterprise rather than excoriate it, the economy is on fire. • Atop the second quarter’s 3.1 percent increase in real GDP, and 3.0 in 3Q, the New York Federal Reserve Bank predicts that 4Q output will expand by 3.8 percent. This far outpaces the feeble average-annual GDP growth rate of 1.5 percent on President Obama’s watch. Meanwhile, the IMF expects global GDP to rise by 3.5 percent this year. So much for a Trump-inspired “global recession.”

Unemployment is at 4.1 percent, a 17-year low. New unemployment claims in September were at their most modest since 1974. Goldman Sachs on November 20 “lowered our unemployment rate forecast to 3.7 percent by end-2018 and 3.5 percent by end-2019.” According to the Wall Street powerhouse’s chief economist Jan Hatzius, “Such a scenario would take the U.S. labor market into territory almost never seen outside of a major wartime mobilization.” . . .

• For every new regulation that Trump has imposed, 16 have been erased.

• The FCC has begun to dismantle Obama’s “Net Neutrality” takeover of the Internet, which functioned marvelously, thank you, before his needless e-power-grab.

• Supreme Court Justice Neil Gorsuch is on the bench, along with 13 constitutionalist lower-court judges. At this stage in Obama’s presidency, the Senate had confirmed just seven of his district- and circuit-court nominees.

Much more at the link, concluding with this: “The Never Trump faction still claims that the president of the United States ‘is no conservative.’ And yet, with rare deviations (such as free trade), he spends nearly every day implementing the conservative agenda. Ideas that center-Right activists have demanded for decades are becoming public policy, one after another — to the pleasant surprise of even some of Donald J. Trump’s most enthusiastic supporters.”

Did I mention this was in National Review, of all places?

I EAGERLY AWAIT PAUL KRUGMAN’S STERN CONDEMNATION OF THIS VILE ELIMINATIONIST RHETORIC. California Gov. Jerry Brown to protesters during climate speech: ‘Let’s put you in the ground.’


Reminder: Bernie Bro James T. Hodgkinson, Attempted Assassin Of Steve Scalise, Already Being Erased From History.

“UNEXPECTEDLY,” AFTER AN EIGHT YEAR ABSENCE, ASSASSINATION PORN IS BACK. NYT Reporter: Thumbs Up for ‘Trenchant Satire’ ‘To Kill the President’, Excuses Lefty Hate.

Michelle Malkin needs to update her Assassination Chic archives. Also, I eagerly await Paul Krugman denouncing his fellow Timesman for approving such eliminationist rhetoric.

PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”

MarketWatch, today: Dow industrials’ dalliance with 23,000 is a sign of the stock market’s velocity: Dow has registered 48 record closes—its most all-time high finishes in a single year since 2013.

Sooner or later, of course, markets will tank, because that’s what markets do. And Krugman will probably try to claim vindication when that happens, because that’s what Krugmans do.

SO IF YOU’RE FEELING BAD ABOUT YOUR DAY, THIS SHOULD CHEER YOU UP: A “Terrified” Paul Krugman Wakes Each Morning in a “State of Existential Dread.” Given Krugman’s track record, it’s when he feels good about things that we should be worried.

YOU STAY CLASSY, NEW YORK TIMES:Jared Kushner’s Entitlement Is New Jersey Born and Bred.”

As Kurt Schlichter likes to say, “The Left Hates You. Act Accordingly.”

By the way, bang job all around this past week at the Gray Lady. Kristoff is Instagramming North Korean propaganda, Krugman is claiming and later retracting that “Trumpie” brought cholera to Puerto Rico (while ignoring that “Progressive” darlings the UN actually did bring cholera to Haiti), and now the paper’s headline writers are smugly insulting its subscribers in its neighbor state. First class.

(Found via Karol Markowicz of the New York Post, who tweets, “Whoa, is the NYT trying to turn New Jersey into a red state or what?”)

PERHAPS EVERYTHING IN THE GARDEN WASN’T ROSY: We kept hearing from the usual suspects during the last years of the Obama presidency that recovery was strong, the economy was near full employment, and all those people who were complaining of hardship were delusional. Two new data points have just emerged to provide further evidence that that picture was itself a delusion. The first, from the CFPB of all places, is a survey conducted last year that finds that over 40 percent of Americans can’t make ends meet. The second is a new research paper that finds that after the financial crisis, banks – especially the big banks – stopped lending to small firms, which we know is at least partly due to crushing regulation from the likes of the CFPB. The result?

In counties where the largest banks had a high market share, the aggregate flow of small business credit fell, interest rates rose, fewer businesses expanded, unemployment rose, and wages fell from 2006 to 2010. While the flow of credit recovered after 2010 as other lenders slowly filled the void, interest rates remain elevated. Although unemployment returns to normal by 2014, the effect on wages persists in these areas.

If new businesses aren’t forming, opportunity decreases, and wealth cannot grow. This is pretty basic stuff. The Obama “recovery” simply wasn’t one for vast numbers of Americans.

THE BROKEN EVERYTHING FALLACY: Fed Suggestion That Hurricanes are Good for Economy? Hardly.

Paul Krugman for Fed Chair?

PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”

CNBC, just now: Global Stocks Hit Record High.

Yes, stocks will take a dive someday, because sooner or later they always do. But Krugman’s election-night claim was that Trump’s election was so uniquely awful that they might “never” recover. Like most of Krugman’s claims, that was bullshit.

PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”

CNBC, just now: “The Dow Jones industrial average notched another milestone on Wednesday, breaking above 22,000 for the first time.”

Yes, stocks will take a dive someday, because sooner or later they always do. But Krugman’s claim was that Trump’s election was so uniquely awful that they might “never” recover. Like most of Krugman’s claims, that was bullshit.

THE GASLIGHTING GRAY LADY: Paul Krugman says Obama was ‘honest’ about healthcare, omits broken promise on keeping doctors.

When even Politifact gives Obama “the lie of the year” award, you know Paul Krugman has transformed the memory hole into a dumpster fire.


These are exactly the same sort of links many on the left, not just Paul Krugman, made in 2011. Yes, we understand that Kathy Griffin is a comedian. We understand it wasn’t a call to real violence. Neither was the stuff cited by the left in 2011. It was all political rhetoric designed to rev up supporters, exactly the sort of thing Bernie Sanders was doing when he said “Take your anger out on the right people.”

If Sanders had said, ‘Take out your anger on the right targets’ it would be very close to a rhetorical version of Sarah Palin’s target map in both meaning and intent. All of us, right and left understand this. The problem is that, after Tucson, the left suddenly connected this rhetoric to real violence, absent any evidence. And now that there is violence which might actually have some connection to political rhetoric, folks like Dave Weigel have suddenly forgotten how the climate of hate argument works.

If you want to say that the right is wrong to connect the shooting to left-wing rhetoric, fine. I’m all for blaming the shooter. But you can’t denounce the right for making the “climate of hate” argument without first admitting the left was wrong to make the same sort of argument back then when there was a chance for them to blame it on the right.

Read the whole thing.

Flashback: Memo to Paul Krugman and Rep. Van Hollen: My Search Was Not in Vain.

ONE OF THEM IS PAUL KRUGMAN: How Two Nobel Prize Winning Economists Got Oil Wrong.

In a May 12 2008 column, Krugman pooh-poohed the idea that speculation was driving the oil price (then at $125 a barrel), saying: “all through the period of the alleged bubble, inventories have remained at more or less normal levels. This tells us that the rise in oil prices isn’t the result of runaway speculation; it’s the result of fundamental factors, mainly the growing difficulty of finding oil and the rapid growth of emerging economies like China.”

Further, he attributed the tendency to blame speculators on conservatives in this instance, a reversal of the usual politic spectrum, and especially because of their failure to recognize that “a realistic view of what’s happened over the past few years suggests that we’re heading into an era of increasingly scarce, costly oil.” He later doubled down on this, describing “the way ideas go from crazy stuff that only DFHs believe to stuff everyone knows, without ever going through a stage in which the holders of conventional wisdom acknowledge that they were wrong. Oh, and the people who were right are still considered DFHs; you see, they were right too soon.

It looks as if peak oil may be going that way.” [DFH is an acronym that can’t be translated here, but consider ‘treehuggers’ as a good equivalent.]

In this case, the problems are that a) Professor Krugman is not an expert on resource economics, b) he has viewed this through political lenses, c), he has assumed temporary price trends are due to long-term changes; and d) cardinal error: he takes a bad price forecast as evidence of bad underlying theory.

Predictions are hard — especially about the future, as Krugman should know.

2015 FACEBOOK POST SHOWS GUNMAN HODGKINSON DIDN’T LIKE REPRESENTATIVE SCALISE: The Daily Caller has published a Facebook post by James T. Hodgkinson. In the post the would be mass murderer maligns one of his victims, Congressman Steve Scalise. Remember, Hodgkinson was a Bernie Sanders supporter. Hey, Paul Krugman. That vote and the Facebook post strongly suggest Hodgkinson was a Democrat of some type. Some type.

MORE FOR PAUL KRUGMAN: Hodgkinson was a Trump-hater. Just like you, Paul. A Trump-hater. Of some type.


You know that Republicans will yell about the evils of partisanship whenever anyone tries to make a connection between the rhetoric of Beck, Limbaugh, etc. and the violence I fear we’re going to see in the months and years ahead. But violent acts are what happen when you create a climate of hate. And it’s long past time for the GOP’s leaders to take a stand against the hate-mongers.

Stand up, Paul! Stand up against the Democrat hate-mongers right now!


It appears he did.

The suspected gunman is James T. Hodgkinson III, 66, from Illinois, according to multiple law enforcement sources. President Trump announced that the gunman, who was wounded in a shootout with officers, has died at an area hospital.

…As people offered prayers for the victims, a profile of Hodgkinson began to emerge. A Facebook page belonging to a person with the same name includes pictures of Democratic presidential candidate Bernie Sanders and rhetoric against President Trump.


Anger about his own colleagues being attacked was evident in the words of Rep. Steve King (R-Iowa), who, suit in tie, stopped by the crime scene to pray, was viscerally angry about his own colleagues being attacked.

“America has bene divided,” he said, “and the center of America is disappearing, and the violence is appearing in the streets, and it’s coming from the left.” Kng did indicate it was impossible to separate the hyperpartisan climate in Washington — especially people protesting President Trump — with Republican members of Congress being gunned down at a baseball scrimmage.

“The divisions within the country, people that can’t accept the results of the election that are determined to try to take this country down, take this organization down,” King said. “This city was filled up with demonstrations the day after the inauguration, where you couldn’t drive down the streets.”

All the spelling errors (Kng, etc) are in the Washington Post story. It was written quickly — like a blog post.

Remember, Paul Krugman salaciously politicized a similar homicidal attack on Democrat representative Gabrielle Giffords. He politicized the crime with the intention of smearing Republicans. We are now in a world where leftist Democrats ritually call for the death of President Trump. Krugman and his ilk are a cult of media liars and frauds.

RELATED: Don’t get politicized, says E. J. Montini at The Arizona Republic. Tell it to Paul Krugman first, pal. And we didn’t come together in the Giffords shooting, sir. Refresh your memory. Krugman and his klan separated us.

PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”

CNBC Today: Stocks close at all-time highs as Street shrugs off jobs report.


In the wake of the shooting, Giffords’ father identified “the whole Tea Party” as enemies of her daughter and Pima County Sheriff Clarence Dupnik warned that Arizona has become a “Mecca for prejudice and bigotry” and that anti-government “vitriol” may have played a role in the attack. A number of Democratic lawmakers called on politicians to tone down their rhetoric in response to the tragedy, including civil-rights icon Rep. John Lewis, who cited an “atmosphere and climate that makes it almost impossible for us as Americans to reason together.”

—“After Giffords Shooting, Tea Party Under Siege,” the Daily Beast, January 9, 2011.

— “DEMOCRAT ADVOCATES VIOLENCE? John Lewis encourages ‘necessary trouble’ against injustice in America.”, today.

As Kurt Schlichter tweeted in January, around the time Lewis was caught lying about Trump being the first presidential inauguration he protested (Lewis skipped Bush #43’s inauguration as well because apparently he believes all Republican presidents aren’t legitimately elected), “So, because 50 years ago some Democrats beat up John Lewis means that we have to ignore how he lies about Republicans today?”

Related: What happened to Paul Krugman’s concern about town hall civility?

Earlier: The American Left Is Talking Itself Into Violence.

TODAY, THE ROLE OF PAULINE KAEL WILL BE PLAYED BY MICHAEL KINSLEY in the New York Times, who asks, “Is It Possible There Is Nothing Nice to Say?”

Donald Trump is a hated figure — more hated than any political figure in America. In Washington you can just assume that any random person you talk with agrees with you about that. The only comparable person in American politics is Richard Nixon, who my mother told me was despicable when I was about 6, long before Watergate — and she was right!

47 million Americans voted for Nixon in 1972, giving him nearly 20 million more votes than George McGovern. And Nixon, a big government-loving Republican, has had an increasing amount of strange new respect from the left in recent decades — including Timesmen such as Paul Krugman and the late Tom Wicker.

Kinsley probably doesn’t know any actual Trump or Nixon voters — I wonder though, if he can feel their presence in a darkened theater?

PAUL KRUGMAN: Republicans Party Like It’s 1984.

Krugman conveniently fails to mention that 1984 was Orwell’s dystopian vision of the results of English socialism.


A Pittsburgh coffee shop is brewing up backlash over a loyalty punch card featuring pictures of President Donald Trump and other conservatives.

Black Forge Coffee House owner Nick Miller says the satiric cards are meant to express frustration with the system and nothing more. However, critics complain the punch holes make it look like the politicos have been shot in the forehead.

The subjects include Vice President Mike Pence, Texas Sen. Ted Cruz, former Pennsylvania Sen. Rick Santorum and conservative pundits Ann Coulter, Rush Limbaugh and Bill O’Reilly.

Store owners say the cards aren’t meant to endorse violence.

But why should we believe them? We all know how dangerous eliminationist metaphors can be – and how racist.

SELF-AWARENESS FAIL: Paul Krugman says America has a problem admitting when it’s wrong.

Hey, did I miss a Krugman apology for his egregious election-night market prediction?

ERDOGAN’S PROJECTING LIKE HE’S PAUL KRUGMAN: Turkey’s Erdogan Calls Dutch `Fascists’ After Minister Grounded.

SO THIS IS BEGINNING TO LOOK LIKE A DEBACLE: Resistance grows in Senate to House health bill.

The House bill to repeal and replace ObamaCare is facing growing opposition from Senate Republicans.

The House plan, dubbed the American Health Care Act, is taking fire from both conservative and moderate factions of the Senate GOP caucus—underscoring the perilous path the legislation faces in the upper chamber.

Republicans have a narrow 52-seat majority in the Senate, meaning GOP leadership can only afford to lose two Republican votes. If that occurs, they’d need Vice President Mike Pence to break a dramatic 50-50 tie to pass the bill.

Three days after the reveal of the House bill, GOP senators are signaling that its current form would face a near impossible climb in the Senate, where no Democrat is expected to support it.

Sen. Ted Cruz (R-Texas) expressed skepticism Wednesday that the current version of the House ObamaCare repeal bill would be able to win enough support among Senate Republicans.

“The House bill is a beginning, but the House bill as drafted, I do not believe, would pass the United States Senate,” the conservative firebrand told reporters.

He said the House bill doesn’t do enough to lower the cost of insurance, and pointed out “significant challenges” with the Medicaid expansion provision. . . .

Cruz’s comments came after Sen. Rand Paul (R-Ky.) told reporters that the House bill—which he has termed “ObamaCare lite”—will be “dead on arrival” in the upper chamber.

“I think the White House, the administration and the president understand that there’s enough conservatives that they can’t pass ObamaCare Lite,” Paul told CNN’s “New Day” on Wednesday.

The Kentucky Republican is teaming up with members of the House Freedom Caucus to roll out an alternative “clean” repeal bill, mirroring 2015 legislation that conservatives were on board with.

Stay tuned. I would add that “debacle” is my first pass take. I hope it’s as wrong as Paul Krugman’s first pass take on market recovery. . . .

MEGAN MCARDLE: Paul Krugman Hardest Hit:

Late in election season, as pundits tried to feign uncertainty about the inevitable Clinton coronation, a few folks considered what might happen to the financial markets if Donald Trump were elected. The answer a lot of them came up with was pretty dire: a big crash. Against all predictions, Trump was elected. And then, right on schedule … the stock market indices soared to new records?

Umm, what?

That’s the question that a lot of folks in the punditocracy are asking: Why do markets seem so happy about Trump?

Pundits who are asking that haven’t paid attention to the last 8 years.

PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”

The Wall Street Journal, just now: Dow Surges 303 Points to Top 21000 for First Time. “The Dow Jones Industrial Average surged more than 300 points to cross 21000 for the first time Wednesday, as investors embraced optimism from President Donald Trump and Federal Reserve officials. Stocks have soared since November, with the blue-chip index surpassing 19000, 20000—and now 21000—since Election Day.”

Stocks will drop sooner or later, of course, but that won’t vindicate Krugman, who claimed on election night that Trump’s election was an immediate economic and financial apocalypse.

PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”

Today: “There is no denying the fact that the markets have absolutely been blowing up since the election! In fact this is one of the biggest rallies since the Taft Administration. The DOW is up over 13% and the other markets are also up double digits!”

PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”

MarketWatch, tonight: The stock market is doing so much winning, Wall Street is thinking Nasdaq 6,000. “Indeed, the Nasdaq Composite COMP, +0.64% closed at a record for a seventh straight session Wednesday, its longest such streak since Dec. 27, 1999, closing up 0.6% at 5,819. The Dow DJIA, +0.52% the S&P 500 index SPX, +0.50% and the small-cap focused Russell 2000 RUT, +0.54% also recorded all-time highs at the same time amid their own historic streaks.”

YOU ALMOST FEEL SORRY FOR PAUL KRUGMAN: Even Lena Dunham is mocking him.

NEW CIVILITY WATCH: “There are plenty of images NYT could have used for this headline that didn’t involve Stephen Miller’s head on a spike. This is just in seriously bad taste, imagine if Breitbart or another more conservative outlet had posted an image of say Valerie Jarrett’s head on a spike.”

You stay classy, New York Times — and I eagerly await Timesman Paul Krugman’s furious condemnation of this eliminationist imagery.

Related: New York Times writer Jacob Bernstein apologizes for referring to Melania Trump as a ‘hooker.’


The speaker, who is wearing a Black Lives Matter sweatshirt, isn’t identified by name but says at one point, “I am a pre-school teacher who is going to f**king radicalize mother-f**king four year olds and five year olds.” This brings a huge cheer from the crowd.

After opening the rant with, “F**k white supremacy. F**k the U.S. empire” the speaker attacks capitalism. “You know what America thrives off of? Capitalism,” the speaker says, adding, “We use our mother=f**king, f**king black and brown bodies to live and survive while white people own f**king properties after that.” But the speaker has a solution for this problem, “So you know what we need to do? We need to start giving f**king money.” The rant continues, “White people, give your f**king money, your f**king house, your f**king property, we need it f**king all. You need to reparate black and indigenous people right now.”

A minute or so later, the speaker takes it up a notch saying, “And we need to stark killing people. First off, we need to start killing the White House. The White House must die.”

I eagerly await Paul Krugman’s swift and brutal denunciation of this ugly and violent eliminationist rhetoric by a person with such influence over others.


PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”

Today: Dow Breaks 20,000 Milestone. “The Dow Jones Industrial Average finally broke through the psychologically important 20,000 barrier for the first time Wednesday, continuing a sharp rally that began after Donald Trump’s election as the nation’s 45th president. The Dow, which rose 134 points to 20,046 in midday trading on Wednesday, is now up over 1,700 points, or around 9 percent, since Trump’s stunning victory over Hillary Clinton in November, defying some predictions that a win by the unpredictable Republican could hurt stock prices.”

So this suggests that markets don’t believe the Democrats’ inevitable-stagnation explanation for the slow growth of the Obama years, but rather think that it was a problem caused by bad government, that can be fixed by better government.





IF THE TEA PARTY HAD STAGED ARMED MARCHES DENOUNCING THE IRS, PAUL KRUGMAN WOULD HAVE CALLED FOR MARTIAL LAW: Black Panthers hold ‘human rights tribunal’ in Sherman Park. “Members of the Black Panthers of Milwaukee, some armed with guns, marched through the Sherman Park neighborhood on Sunday to protest what they called the ‘genocide’ of African Americans at the hands of law enforcement.”

UPDATE: Of course, lefties pretend.

Related: Beware Loser Libs’ Attempt To Rewrite History.

OF COURSE THEY DO: Media Move To Delegitimize Trump’s Win.

Many in the national press have taken on the role of discrediting President-elect Trump’s victory, just days before the Electoral College is set to meet and officially make Trump the next president of the United States.

Because of mounting evidence that Russian hackers stole the emails of Democratic leaders and the FBI’s public condemnation of Hillary Clinton’s private email server, liberal New York Times columnist Paul Krugman said the election was “illegitimate.”

“So this was a tainted election,” he said in an op-ed this week. “It was not, as far as we can tell, stolen in the sense that votes were counted wrong, and the result won’t be overturned. But the result was nonetheless illegitimate in important ways; the victor was rejected by the public, and won the Electoral College only thanks to foreign intervention and grotesquely inappropriate, partisan behavior on the part of domestic law enforcement.”

Last weekend on CBS’s “Face the Nation,” liberal Slate writer Jamelle Bouie also said the hacking had cast a shadow on Trump’s win, rendering it a farce.

Well, if Paul Krugman and Jamelle Bouie think the election of a Republican was illegitimate. . . .

Flashback: “As a journalist of my acquaintance joked on Twitter this week, I’m so old that I remember when it was dangerous and unpatriotic to question the validity of election results.”



YOU WENT FULL TRUTHER, PAUL. NEVER GO FULL TRUTHER: Krugman: Trump has incentive to allow a terrorist attack.

Still though, think of the infrastructure rebuilding possibilities, Paul! They’d be almost out of this world!

JEFF CARTER: Before you get too cheery about the “Trump Rally,” . . .

Yes, it’s fun to mock Paul Krugman’s prediction of an immediate post-election collapse from which there would be no recovery, but just because Krugman was wrong about that doesn’t mean that it’s all beer and skittles. I’ve been expecting a stock downturn for a while.

PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”

Reuters today: Dow Posts Another Record High.


UPDATE: Clinton camp supports intel briefing ahead of Electoral College vote.

This is starting to smell pretty bad.

PAUL KRUGMAN MORPHED INTO JOE McCARTHY SO SLOWLY, I HARDLY EVEN NOTICED: Acceptance? NEVER! Conspiracy-spotter Paul Krugman’s simmering election ‘rage’ is about to boil over.

To be fair, Krugman’s transitional period in 2009 as a Nixon worshipper with a strange UFO obsession may have been an early clue as to where his worldview was ultimately trending.

KRUGMAN SAID TRUMP WOULD KILL STOCKS, BUT THE BIG ACTION IS OVERSEAS: Italy’s referendum has the potential to set off a global landslide. Of course, they said that about Brexit, too.

PAUL KRUGMAN ON ELECTION NIGHT: “If the question is when markets will recover, a first-pass answer is never.”

Headline today: Dow Sees Highest Close on Record.