Donald Rumsfeld cancels subscription to fish wrapper!/RumsfeldOffice/status/113249858596503553

“After reading Krugman’s repugnant piece on 9/11, I cancelled my subscription to the New York Times this AM.”

This was in response to the worthless post by extremely failed economist Paul Krugman:

“What happened after 9/11 — and I think even people on the right know this, whether they admit it or not — was deeply shameful. The atrocity should have been a unifying event, but instead it became a wedge issue. Fake heroes like Bernie Kerik, Rudy Giuliani, and, yes, George W. Bush raced to cash in on the horror. And then the attack was used to justify an unrelated war the neocons wanted to fight, for all the wrong reasons.”

“Wedge issue “??????
Does Krugman forget the entire “I was for it before I was against it” wing of the Democrat party that used lies and intellectual dishonesty to make this a wedge issue??

Krugman is probably bitter because his economic theories and ideas are complete failures:

“Krugman says contemporary economists were useless in preventing the crisis and probably made it worse. Now the profession is in disarray:

In short, in responding to the crisis, the profession presented a sorry spectacle of unnecessary ignorance that didn’t even recognize itself as ignorance, of bitter debate over issues that were resolved many decades earlier. And all of this, of course, made the profession mostly useless at a time when it could and should have been of great service. Put it this way: we would have responded better to this crisis if macroeconomics had been frozen at the level of knowledge it had in 1948, when Paul Samuelson published the first edition of his famous textbook. And the result has been to leave actual policy discussion without any discipline from the people who should be shaping that discussion: politicians and officials have been free to follow their prejudices and intuitions, never mind the lessons of history and analysis. Economists have failed to fulfill their social function.”

I will gladly defer to:

Walter E. Williams
Thomas Sowell

Any day for sound economic advice and principles of Liberty.

Keynesian economics is the true “Voodoo Economics”


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s