Krugman is an economic moron, much like President Obama. It is Obama who continues to want to spend more money and raise taxes. This is the same thing Greece is doing. But Krugman is hell-bent on getting Obama reelected, so he doesn’t mind lying. Keynesian believers have to lie to cover the fact that their economic philosophies continue to fail.
FAREED ZAKARIA, CNN: All this said and done, are you enthusiastic about President Obama? You were not for him in the Democratic primary four years ago.
PAUL KRUGMAN, NEW YORK TIMES: Right. I mean, we’re a long way past where I think enthusiasm is the appropriate emotion for anything here.
But he’s learned a lot. And, you know, his heart’s always been in the right place, and I believe his head is now in the right place. And you certainly — of course, I can’t do endorsements, right? It’s a Times rule. So you have no idea who I prefer in this election.
But he certainly is talking sense about the economy, and Mitt Romney is talking utter nonsense. And you really do worry. In effect…
ZAKARIA: What is the single biggest piece of nonsense that Mitt Romney…
KRUGMAN: Mitt Romney is saying basically that spending cuts are how we’re going to get to prosperity. Mitt Romney is saying, see what’s happening in Greece and in Portugal and in Spain and in Ireland; let’s do that here.
Boy — you know, we’ve just had a massive test, human experimentation on a massive scale, in effect, alternative doctrines of economic management. We’ve just seen which doctrines are disastrous. And the Republican platform is, let’s put that doctrine that has just caused collapse in Europe — let’s put that doctrine into effect right here in America.
As NewsBusters has been reporting for months, shills like Krugman and Zakaria have been continually making this same false accusation as they dishonestly withhold from the public that most of the countries in Europe including those named above raised taxes as part of their attempts to balance their budgets. In so doing, they exacerbated the economic woes in their nations.
Take Greece for example. In 2010, the highest tax bracket paid was 40 percent. In 2012, the top bracket will pay 45 percent with increases to what virtually all wage earners will pay. That nation also raised alcohol and tobacco taxes in 2010 as well as property taxes in 2011.
Are any of these tax hikes part of Romney’s economic plan?
Of course not, but by ignoring these as being a huge part of Greece’s plan, Krugman can claim it is similar to what the Republican presidential candidate wants to enact here.