I’ve been on blogs for years talking about this economic genius Krugman. Most of Krugman’s ideas seem to be more closely aligned with politics rather than a sense of responsibility to the United States citizens, which the government is supposed to serve. Here’s the puff piece talking about printing more money as a tool to react to the economic situation we are in:
Why does anyone take partisan hacks like Krugman seriously? It doesn’t take a degree in economics to understand that printing money has a negative impact on our economy. The government floods the market with more dollars and the result is that the buying power of your money is diminished. Kids in school understand this problem.
The fact is that the blame today for lack of solutions with respect to the economy lies largely upon Congress which has not produced a budget for several years. At the same time Obama has not promoted any economic solutions and focused his attention on a vast array of subjects which should have taken the back to seat to the economy like Obamacare, gun control, or even golf.
Remember that the economy was the most important issue four years ago when Obama was inaugurated for his first term and it should be right now. Obama had two years where he could have passed almost anything he wanted in a Democratic controlled Congress. What he decided to focus upon was a stimulus bill that was much more payback to his political supporters and donors than it was a problem solving piece of legislation. Ask your friends and family how exactly the stimulus has helped to save their job, paycheck or way of living. I’d wager that hardly anyone can attribute improvements in their life because of Obama’s economic policies unless they are in the “Political Payback Column”. Obama spent a great deal of time and energy selling Obamacare during his first term, which will turn out to be a huge drain on the pocketbooks of each family. The economic impact of this monstrosity is not measurable in every sense. I’d like to invite you to read the article at CNS News with respect to some recent estimates on the costs of Obamacare. Where are the economic solutions from Obama and the Democrats? Why has the media ignored this subject for so long? Why does everything that Obama touches turn into a turd (like Solyndra, GM jobs going to China, etc)? Where is the accountability for Obama?
The only plan Obama and the Democrats have for the economy is to distort the truth, ignore the facts, fire up the media spin machine in the White House and focus on getting re-elected. If Obama’s job performance was honestly measured on economics he would get an F. Krugman shouldn’t be fit to clean toilets at a bank.