Krugman today with further thoughts on spread sheet scandal...

[CTyankee]

http://krugman.blogs.nytimes.com/

The good professor spells it out for the austerity hawks! Enjoy his "rubbing it in"!

The comments that follow are pretty good too!

[hlthe2b]

1. I'm sure Joe, the Scab, Scarborough will be "honorable" and call to apologize to Krugman...

In fact, he's probably on the phone with him now...













(if you really can't tell)

[CTyankee]

3. Joe was backtracking on austerity a couple of weeks ago...his past support of the austerity

programs in Ireland and the U.K. went down the Orwellian "memory hole" and he sternly announced "we're not talking about austerity here." Oh, but you WERE, joe, you WERE and we have the videos of you doing it!

Are you making any bets that he'll talk about the scandal on his show Monday?

[Cleita]

2. Makes sense. Thanks for posting.

I wish those who could use this information, would.

[CTyankee]

5. Here is the message I left for Joe Scar on the MJ website:

So, Joe, are you going to be talking about the Reinhart-Rugoff spread sheet scandal on your show tomorrow?

You don't know what I am talking about? Oh, then you should be catching up on your Paul Krugman columns and blogs! The good professor blew the whistle on you and your other austerity hawks, including the insufferable Richard Haass, after a grad student found R&R analysis fatally (and laughably) flawed. Tsk, tsk, what an embarrassment! But the rubes and bobble heads who are toadying up to you (or watching you) won't know and you won't tell them, will you, Joe?

Paul Krugman was right (as he ALWAYS is) and you were wrong, Joe. Now man up and confess it!

[chervilant]

15. Man up?!?

Joe Scar?!?

Bwahahahahaha!!!



(He'll need a little cheese to go with his whine...)

[CTyankee]

20. I know. Ever notice his hands? They are soft, pink and very graceful.

He looks like he never hammered a nail or unclogged a sink before...

[byeya]

7. In the middle of FDR's terms in the WH, he acceded to the Repugs and tried to balance the budget

and unemployment went back up and the economy went down. Back to Keynes and the economy was about out of the Depression right before WW2. It was a practical test of the two economic theories, and one won: Keynes, et al; and one lost: Classical economics later reborn as Friedman/Hayak monetarism and supply side nonsense under the catchall Neoliberalismj.

The competing theories have been tested within one administration in one crisis: Shitcago School is, has been, will be, a failure for people in general and the countries in which they live.

So, we are not dealing with people who operate on the basis of good faith, no matter how much we wish they are: Yes, I am addressing the administration and the majority in the Senate. Get to work on behalf of those who supported you 2ce canvassing, working the phones, and doing the PoliSci 101 things it takes to win elections.

[CTyankee]

11. we're pretty much in the hotbed of liberalism here in the People's Republic of New Haven.

We're 100% blue with House, Senate, governor, both houses of our state legislature in CT. Repukes here are laughed at with great glee and regularity...

[byeya]

13. I wish I could say that about the place my wife and I retired to...but I cannot.

NC is bad and getting worse.

[CTyankee]

14. Oh, I'm sorry. I had such high hopes for NC. What happened down there?

[G_j]

18. a mess

http://www.ncpolicywatch.com/2013/04/02/the-wrecking-ball-keeps-pounding/

Here’s a challenge for you. Try to explain what is happening in North Carolina these days to someone who doesn’t follow politics or government and limit yourself to a minute or even two.

You can’t do it. The damage being inflicted on the state by this radical and reactionary General Assembly is too vast and is happening too quickly to even catalogue, much less explain.

Lawmakers, who have only been in session a little over two months, have already refused to expand Medicaid under the Affordable Care Act, denying health care to 500,000 low-income adults even though the federal government would pick up the full cost of the expansion for three years and 90 percent of the cost after that.
<snip>

[CTyankee]

19. it is downright criminal for the state government to do this to their own people in the

name of some insane ideology. Just crazy and evil. A special place in hell for these cretins.

[Ruby the Liberal]

17. Zactlee.

Supply Side is an enormous failure. One builds an economy from the bottom up, not the top down. People only need to look at the multiplier ratios for unemployment and food stamps (around 1.4 and 1.6 respectively) and compare that to tax cuts (0.6) and realize that top down doesn't stimulate - it has the opposite effect.

[xchrom]

4. Du rec. Nt

[JackN415]

6. I'd be extremely embarrassed to publish an error like that. I always check my manuscripts

many times before sending out to publish...

[CTyankee]

8. well, as has been indicated, these two economists are somehow in thrall to some very rich

people. I doubt if it is even possible at this point to shame them or embarrass them.

[JackN415]

10. Even if the Koch bro gave them a ton of money, if they still had...

any academic DNA in them, they would and should still be embarrassed. It's more about honor and image than money.

[CTyankee]

12. Shows you how utterly they disregard any semblance of decency in anything they do.

They don't care. They are on a mission to rid this country of SS, Medicare, Medicaid and the unions. They are relentless and have more money than God. They hate people like us.

Thank god we have Paul Krugman!

[byeya]

9. See, you are burdened with ethical standards and are upholding the standards of your profession.

The $$$boys don't have that to worry about.

(Good for you and your thoroughness)

[Ruby the Liberal]

16. He has every right to gloat

and I hope he does it on a daily basis. No way was that formula an "oversight". Someone was justifying a world view and it just blew up in their collective face.

[Scuba]

21. "... rewards that came from telling important people what they wanted to hear."

Bingo! Nailed it!!!

[reformist2]

22. It is interesting how rarely Republicans ever talk about macroeconomics...

Add that to the list of academic disciplines they reject, alongside evolutionary biology and climate change!