Friday, October 17, 2003
Nyah nyah nyah nyaaaah! I can't hear you: When good economic news comes out, does Krugman address it? No, like a little child being told something he doesn't want to hear, he puts his fingers in his ears and whines the same ol' song.
Krugman, who has yet to win a Nobel Prize in economics, quotes George Akerlof, who has one a Nobel Prize in economics, apparently in an effort to create a liberal counterpoint to Sunday's OpinionJournal piece by a trio of economists (including a Nobel Prize winner) touting the benefits of tax cuts.
The majority of Krugman's column is just a rehash (nothing new here) of his Aug. 5, 2003 column where he accused the Bush administration of politicizing the Treasury Department by cherry-picking examples of how some typical Americans benefit from the Bush tax cuts. (For a review of that article, follow this link.)
In his latest screed, Krugman accuses the that dim-witted evil genius George W. Bush of designing his tax cut so that his rich friends got a lot of money and
two four six a select few in the middle class get a decent tax cut -- and everyone else gets "The Shaft." (Scroll down to Season 1, Episode 5)
Krugman suggests that this dastardly deed has been done to make the repeal of the tax cuts politically hazardous -- good.