Poor Paul Krugman

2Comments

1. 1.

   Barney Gumble

   May 7, 2003 at 9:11 pm

   Here’s the whitehouse claim
   http://www.whitehouse.gov/infocus/economy/creating_jobs.html

   and here’s Krugman’s column
   http://www.charlotte.com/mld/observer/news/5702813.htm

   It reads to me that Krugman was taking exception to the administrations claim that the 10 year tax cut would create 1.4 million jobs by the end of 2004.

   He states, correctly I think, that a tax cut 8 years from now doesn’t do anything to create a job now, and that even if we took the claim at face value, that would work out to $500,000 per job created by the end of 2004.

   He sounds suspicious of a ten year plan for fixing the next two years worth of problems.

   Luskin thinks that we should divide the cost of the jobs created in the next two years over the entire ten years.

   I have no idea who is right, but I am suspicious that the Republicans have abandoned their fiscal principles (anyone remember the Balanced Budget Ammentment? Graham-Rudman?) so quietly and completely.

   Makes me nostalgic for the days when we screwed up the budget one year at a time.

2. 2.

   Robin Roberts

   May 15, 2003 at 12:33 am

   Barney, evidently you don’t understand the dishonest way that Krugman compared apples and oranges in this. Given that he waves around his economics degree, the dishonesty by Krugman is obviously intentional.