• Trump rips Nobel Prize-winning economist [Unemployable bum...] Paul Kru

    From Leroy N. Soetoro@21:1/5 to All on Fri Aug 15 21:07:41 2025
    XPost: sac.politics, alt.politics.economics, alt.politics.republicans
    XPost: talk.politics.guns, alt.fan.rush-limbaugh

    https://nypost.com/2025/08/11/us-news/trump-rips-nobel-prize-winning- economist-paul-krugman-as-deranged-bum-after-he-criticized-sweeping-
    tariffs/

    President Trump blasted Nobel Prize-winning economist Paul Krugman as a deranged bum after the ex-New York Times columnist was critical of his administrations tariff regime.

    Paul Krugman of the New York Times has been predicting Doom and Gloom
    ever since my great election success in 2016, Trump raged in a Truth
    Social post late Sunday.

    In other words, he has been wrong for YEARS, as ALL markets have been
    hitting new HIGHS, and are now higher than ever before.

    People stayed out of the BEST MARKET IN HISTOY [sic] because of this
    Trump Deranged BUM. Sue them! he added.

    It comes after Krugman, who late last year abruptly quit the Times after
    more than two decades there, started trashing Trumps tariffs in his newly created Substack.

    In one article published earlier Sunday, the economist described most of
    the tariffs as clearly illegal.

    https://nypost.com/wp-content/uploads/sites/2/2025/08/president-trump- blasted-nobel-prize-109466753.jpg?resize=768,272&quality=75&strip=all

    He also ripped Trump for reversing 90 years of tariff reductions.

    Not to be coy about it, what Ill argue in todays post is that Trumps
    trade war should be seen as part of a package of policies that amounts to
    class warfare class warfare against middle and lower-income Americans in favor of the affluent, especially the top 10% of the income distribution,
    he wrote.

    Trumps higher tariff rates of 10% to 50% on dozens of trading partners officially went into effect last week.

    Conversation

    TomC
    2 days ago

    Krugman like almost all economists is wrong much more than he is right.
    Among all economists with blue chip academic credentials only a handful forecast the great recession which was the biggest economic event in 80
    years. Just as many of these overpaid experts wrongly warned during 2008-
    2012 of a pending inflation crisis that never happened. There's no reason
    to pay any attention to Krugman or most of his peers.


    --
    November 5, 2024 - Congratulations President Donald Trump. We look
    forward to America being great again.

    We live in a time where intelligent people are being silenced so that
    stupid people won't be offended.

    Every day is an IQ test. Some pass, some, not so much.

    Thank you for cleaning up the disasters of the 2008-2017, 2020-2024 Obama
    / Biden / Harris fiascos, President Trump.

    Under Barack Obama's leadership, the United States of America became the
    The World According To Garp. Obama sold out heterosexuals for Hollywood
    queer liberal democrat donors.

    --- SoupGate-Win32 v1.05
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  • From Dutch@21:1/5 to Meanwhile Krugman on Sat Aug 16 07:31:12 2025
    XPost: sac.politics, alt.politics.economics, alt.politics.republicans
    XPost: talk.politics.guns, alt.fan.rush-limbaugh

    On 15 Aug 2025, "Leroy N. Soetoro" <leroysoetoro@americans-first.com>
    posted some news:lnsB33C8FB82C2F26F089P2473@0.0.0.1:

    https://nypost.com/2025/08/11/us-news/trump-rips-nobel-prize-winning- economist-paul-krugman-as-deranged-bum-after-he-criticized-sweeping-
    tariffs/

    President Trump blasted Nobel Prize-winning economist Paul Krugman as
    a “deranged bum” after the ex-New York Times columnist was critical of his administration’s tariff regime.

    “Paul Krugman of the New York Times has been predicting Doom and Gloom
    ever since my great election success in 2016,” Trump raged in a Truth Social post late Sunday.

    Krugman does it to all Republicans who make him look bad.

    “In other words, he has been wrong for YEARS, as ALL markets have been hitting new HIGHS, and are now higher than ever before.”

    “People stayed out of the ‘BEST MARKET IN HISTOY’ [sic] because of
    this Trump Deranged BUM. Sue them!” he added.

    It comes after Krugman, who late last year abruptly quit the Times
    after more than two decades there, started trashing Trump’s tariffs in
    his newly created Substack.

    In one article published earlier Sunday, the economist described most
    of the tariffs as “clearly illegal.”

    Illegal where?

    https://nypost.com/wp-content/uploads/sites/2/2025/08/president-trump- blasted-nobel-prize-109466753.jpg?resize=768,272&quality=75&strip=all

    He also ripped Trump for reversing “90 years of tariff reductions.”

    Meanwhile Krugman said naught about Democrat waste and fraud with
    taxpayer funds.

    “Not to be coy about it, what I’ll argue in today’s post is that Trump’s trade war should be seen as part of a package of policies that amounts to class warfare — class warfare against middle and
    lower-income Americans in favor of the affluent, especially the top
    10% of the income distribution,” he wrote.

    Trump’s higher tariff rates of 10% to 50% on dozens of trading
    partners officially went into effect last week.

    Conversation

    TomC
    2 days ago

    Krugman like almost all economists is wrong much more than he is
    right. Among all economists with blue chip academic credentials only a handful forecast the great recession which was the biggest economic
    event in 80 years. Just as many of these overpaid experts wrongly
    warned during 2008- 2012 of a pending inflation crisis that never
    happened. There's no reason to pay any attention to Krugman or most of
    his peers.

    They didn't say much about Bill Clinton and Freddy / Fannie either.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From NotMyPresident@21:1/5 to All on Sat Aug 16 09:18:00 2025
    XPost: sac.politics, alt.politics.economics, alt.politics.republicans
    XPost: alt.fuck.maga

    In article <20250816.073112.5bd56eeb@msgid.frell.theremailer.net>
    Dutch <no@email.com> wrote:

    And tRump will install someone who will cook the books for him.

    #LXXXVI XLVII

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From J D@21:1/5 to All on Sat Aug 16 20:38:49 2025
    XPost: sac.politics, alt.politics.economics, alt.politics.republicans
    XPost: talk.politics.guns, alt.fan.rush-limbaugh

    On 15 Aug 2025, Dutch <no@email.com> posted some news:20250816.073112.5bd56eeb@msgid.frell.theremailer.net:

    On 15 Aug 2025, "Leroy N. Soetoro" <leroysoetoro@americans-first.com>
    posted some news:lnsB33C8FB82C2F26F089P2473@0.0.0.1:

    https://nypost.com/2025/08/11/us-news/trump-rips-nobel-prize-winning-
    economist-paul-krugman-as-deranged-bum-after-he-criticized-sweeping-
    tariffs/

    President Trump blasted Nobel Prize-winning economist Paul Krugman as
    a “deranged bum” after the ex-New York Times columnist was
    critical of his administration’s tariff regime.

    “Paul Krugman of the New York Times has been predicting Doom and
    Gloom ever since my great election success in 2016,” Trump raged in
    a Truth Social post late Sunday.

    Krugman does it to all Republicans who make him look bad.

    That doesn't take much.

    Conversation

    TomC
    2 days ago

    Krugman like almost all economists is wrong much more than he is
    right. Among all economists with blue chip academic credentials only
    a handful forecast the great recession which was the biggest economic
    event in 80 years. Just as many of these overpaid experts wrongly
    warned during 2008- 2012 of a pending inflation crisis that never
    happened. There's no reason to pay any attention to Krugman or most
    of his peers.

    They didn't say much about Bill Clinton and Freddy / Fannie either.

    "Economists study, analyze, and interpret economic data and trends to understand and predict the behavior of economies."

    There a lot of leeway for personal and political bias. Krugman being
    the socialist Democrat hack he is, was a useful tool for the NYT.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)