The economy is roaring back, growing at a rate of 8.2%. Consumer confidence is up, construction is up, retailsales are up, inventories grew modestly, and inflation did not change.
Steve Verdon has more, meanwhile, the Econopundit catches Krugman in another lie.
Kimmitt
The President obviously did not mean to refer, in context, to certain rarified theoreticians who share his side of the political spectrum. He meant to cast straw man aspersions on his fiscally sane opponents, none of whom would prefer that the recession be deeper.
The context is pretty clear; the President sought to tar his political opponents, and Krugman was right to call him on it.
John Cole
Krugamn, by my count, has written three columns on this topic calling Bush a liar from this specific quote. Except, he isn’t lying. Now you are going to rush to the defense of Krugman, who, with his knowledge, is distorting the truth?
There is aword I am looking for- oh, yeah.
Knee-Jerk
Kimmitt
Bush painted his political opponents as wishing that the recession had been deeper and longer.
They do not.
He was lying.
John Cole
No, he didn’t. And as the economy recovers right in time for 2004, due in large part to the tax cuts, I am willing to bet that not only are there ‘some’ Democrats who wished the recession was deeper and loger, but a GREAT NUMBER of them.
Andrew Lazarus
Was it my imagination or did the estimated deficit just go up?
Dean
What does your inner Keynesian tell you?
The Mighty Reason Man
Cole-
In Re: Krugman
EconoPundit is full of shit. Krugman is quoting Bush’s Labor Day address.
He admits he screwed up in an update, but I don’t really see much of an apology for calling Krugman a liar and a plagiarist.
The Mighty Reason Man
Actually, I take that back about EconoPundit’s update – it has not the slightest hint of an apology for leveling serious charges at Krugman that have now been completely disproven beyond a shadow of a doubt.
I stand by my charge that EconoPundit is full of shit.
Perhaps you should update too?
Hipocrite
Damn those Republic, for making obliquly racist identifiers for their oppnents.
Until you can write “Democratic,” you’re nothing but a Hack.