Paul Krugman

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Big Government Prevented Great Depression II
Big Government Prevented Great Depression II
OPINION
Aug 10, 2009 8:22 AM CDT

Big Government Prevented Great Depression II

...And Republicans kept demanding that it step aside and allow it

(Newser) - The economy isn’t in great shape, but we’re going to avoid Great Depression II, writes Paul Krugman in the New York Times. “What saved us? The answer, basically, is big government.” Unlike the private sector, the government didn’t decrease spending as its income decreased, which...

'Racial Anxiety' Fuels Town Hall Protesters

(Newser) - The mob-like scenes at recent town halls are "something new and ugly," writes Paul Krugman, who notes that 2005's protests against Social Security privatization never saw baying crowds and congressmen hanged in effigy. The New York Times columnist is unconvinced that the mobs are in the pay...

Krugman, Noonan Agree: Just Build on Medicare
Krugman, Noonan Agree: Just Build on Medicare
OPINION
Jul 31, 2009 8:25 AM CDT

Krugman, Noonan Agree: Just Build on Medicare

We already have a fine government option

(Newser) - Everyone's suddenly allergic to letting the government into health care, but Paul Krugman has news: The government is already knee-deep in health care, he writes in the New York Times. It's called Medicare, and without it almost no one over 65 would be covered. You can also thank tax subsidies...

Paralyzed Dems Ignore Slow-Burn Crises: Krugman

(Newser) - When the economic crisis turned terrifying last winter, Washington finally got its act together and passed a massive stimulus package. But now, writes New York Times columnist Paul Krugman, the US faces a slower but more dangerous "jobless recovery" over the next few years and an "utterly terrifying"...

Krugman: Yes, We Can Afford Health Care
Krugman: Yes, We Can Afford Health Care 
OPINION
Jul 6, 2009 9:43 AM CDT

Krugman: Yes, We Can Afford Health Care

Kennedy-helmed HELP committee delivers feasible, cheap plan

(Newser) - The Congressional Budget Office has spoken: We can afford universal health care. Sure, we should have known that all along, writes Paul Krugman of the New York Times. Every other advanced country has it and spends less than we do. But last week the notoriously tight-pursed CBO scored a proposal...

We're Doomed Without Another Stimulus: Krugman

Jobs report offers scary echoes of 1930s stagnation

(Newser) - Yesterday's grim jobs report is the clearest sign yet that the US desperately needs another fiscal stimulus, writes Paul Krugman in the New York Times. This is 1930s redux: a Democratic president has pushed through an insufficient program, while strapped state governments cancel out federal spending with their own budget...

If Health Care Push Fails, Blame Dems
If Health Care Push Fails, Blame Dems
OPINION
Jun 22, 2009 10:48 AM CDT

If Health Care Push Fails, Blame Dems

Public wants a public option; why do 'centrists' oppose it?

(Newser) - Now ought to be a good time to reform health care. With costs up and coverage down, polls show the public overwhelmingly favors change. Unfortunately, “a handful of Democratic senators are still determined to party like it’s 1993,” writes Paul Krugman of the New York Times. These...

Obama's Bank Plan Punts on Tough Parts
Obama's Bank Plan Punts on Tough Parts
OPINION
Jun 19, 2009 7:48 AM CDT

Obama's Bank Plan Punts on Tough Parts

Krugman, Pearlstein agree: It doesn't address key problems

(Newser) - Barack Obama knows what caused the financial crisis, but his regulatory plan “basically punts on the question of how to keep it from happening all over again,” writes Paul Krugman in the New York Times. Obama’s plan takes the crucial step of regulating the “shadow banking”...

It's Too Soon for Feds to Ease Up on Economy
It's Too Soon for Feds to Ease Up on Economy
OPINION
Jun 15, 2009 9:42 AM CDT

It's Too Soon for Feds to Ease Up on Economy

If Washington cuts off the cash, recession will worsen: Krugman

(Newser) - With critics prematurely calling on Washington to scale back financial rescue efforts, economic history fans see “déjà vu all over again,” writes Paul Krugman in the New York Times. This is the third time a major economy has been stuck in a liquidity trap, and both previous...

Bully for Health Care Players Joining in Cost Cutting

But is the gift on offer a Trojan horse?

(Newser) - The last time Democrats tried to reform health care, the insurance industry crushed them, spooking the public with its infamous "Harry and Louise" campaign. This time, it’s offering to help, along with doctors, hospitals, unions, and medical-device makers. “On the face of it, this is tremendously good...

Falling Wages Compound Economic Woes
Falling Wages Compound Economic Woes
OPINION
May 4, 2009 8:00 AM CDT

Falling Wages Compound Economic Woes

Without new stimulus, US faces Japan-style slump: Krugman

(Newser) - From bailed-out automakers to newspapers facing cutbacks, companies across the US are slashing wages, and employees—even those with unions—are sitting still for it. While cuts may look like a good alternative to unemployment, but they're more harmful than they appear, writes Paul Krugman in the New York Times....

Don't Get Excited, Crisis Isn't Over: Krugman

Tough times ain't over—and we can't afford 'complacency'

(Newser) - We’re hearing about “glimmers of hope" from policymakers, but the president’s biggest lefty naysayer has a word of warning: “Don’t count your recoveries before they’re hatched,” Paul Krugman writes in the New York Times. “Premature optimism” has been disastrous during previous downturns,...

Banking Should Go Back to Being Boring

(Newser) - When Paul Krugman was in grad school, nobody wanted to be a banker. Sure, it paid more than being an academic economist, but “everyone knew that banking was, well, boring,” he writes in the New York Times. That was before deregulation came into vogue in the 1980s, turning...

Krugman Emerges as 'Voice of Loyal Opposition'

Newsweek sees lefty economist as top critic

(Newser) - Monday’s issue of Newsweek will have a pretty striking cover story. The headline “OBAMA IS WRONG: The Loyal Opposition of Paul Krugman,” will be plastered over a close-up of the Nobel Prize-winning economist, reports Politico. "Every once in a while," writes Newsweek editor Jon Meacham,...

Don't Listen to Krugman— This Plan Might Work

Pearlstein lays into fellow columnist

(Newser) - Even before the full details were released, critics were bashing the Treasury's public-private asset purchase plan; Paul Krugman predicted it would fail and lead the country into depression (not to speak of the writer into despair). Steven Pearlstein begs to differ, and the markets seem to agree. For the Washington ...

Hey Paul Krugman, Your Country Needs You

Why aren't you in the administration?

(Newser) - The latest video to shake up YouTube is a song plea that critical columnist Paul Krugman join the Obama administration and fix the economy. "Hey Paul Krugman, where the hell are you, man? Why aren't you in the administration?" sings songwriter Jonathan Mann. "When I listen to you...

Krugman in 'Despair' Over Toxic Asset Plan

Dressing up Paulson's failed solution is no solution at all

(Newser) - Paul Krugman has been downbeat for weeks on the Obama efforts to rescue the economy, but today he hits a new low. “This is more than disappointing. In fact, it fills me with a sense of despair,” writes Krugman in the New York Times of the White House...

Old Gray Lady Grabs Obama by the Ear

Krugman, Friedman, Dowd, Rich, editorial board all pile on prez

(Newser) - The Obama administration bore an avalanche of criticism this weekend from the usually friendly New York Times. Influential columnists Paul Krugman, Frank Rich, Thomas Friedman, and Maureen Dowd—plus the paper’s editorial board—all piled on a president who “is increasingly overwhelmed, and not fully appreciative of the...

Krugman on Toxic Assets Plan: 'What an Awful Mess'

(Newser) - The Obama administration’s new plan for dealing with toxic bank assets is “creating massive moral hazard,” Paul Krugman blogs in the New York Times. The idea of providing taxpayer money to insure the purchase of possibly worthless assets is equivalent to the poor practices laid bare in...

Stimulus Not Big Enough to Save Us: Krugman
Stimulus Not Big Enough to Save Us: Krugman
OPINION
Mar 9, 2009 9:53 AM CDT

Stimulus Not Big Enough to Save Us: Krugman

Obama's economic policy is falling behind the curve

(Newser) - Pundits are constantly complaining that Barack Obama’s stimulus is too big and too ambitious, but Paul Krugman has a different complaint: It’s too small. Obama’s promise that the bill will create or save 3.5 million jobs by 2010 “looks underwhelming to say the least,”...

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