Krugman Admits He Was Wrong

[Chicks]

As DonQ correctly points out, the topic is dishonest, a hit piece by some unknown idiot, not from the indicated source. So, Whell’s dishonesty is absolutely the topic here. Every thread he starts here follows the same pattern.

[donquixote99]

OK, I'm going to back off a little. In light of day, the op text, apart form the quotes, seems like it may be whell's own commentary on the article, not some deceptively-uanttributed source. Still don't agree with any of his conclusions though.

[nailer]

Originally Posted by whell

I can always count on Chicks to deflect and make me the topic.

He's got you under his skin.

[nailer]

Originally Posted by JJIII

Good luck with that.

An off topic reply?

[nailer]

Originally Posted by donquixote99

OK, I'm going to back off a little. In light of day, the op text, apart form the quotes, seems like it may be whell's own commentary on the article, not some deceptively-uanttributed source. Still don't agree with any of his conclusions though.

That's putting it mildly.

[whell]

Originally Posted by Chicks

As DonQ correctly points out, the topic is dishonest, a hit piece by some unknown idiot, not from the indicated source. So, Whell’s dishonesty is absolutely the topic here. Every thread he starts here follows the same pattern.

Originally Posted by donquixote99

OK, I'm going to back off a little. In light of day, the op text, apart form the quotes, seems like it may be whell's own commentary on the article, not some deceptively-uanttributed source. Still don't agree with any of his conclusions though.

Could you guys please work this out and get back to me?

[Chicks]

I make a point to NEVER click on a link posted by a wingnut, as the articles are almost always hateful Reich-wing bullshit, but have made an exception here. The source article on FP is over a year old. VERY odd for Whell to be posting it now, but apparently he's been posting anti-Krugman hate here for years. Pretty sure he posted this article before, but the search here being what it is, I won't be checking.

[finnbow]

Even if Whell's post were entirely honest and forthright, a professional admitting to having made an error is what professionals do. I guess he prefers economists who still insist that Trump's tax cuts will pay for themselves and not increase the deficit (e.g., Stephen Moore).

[Dondilion]

Originally Posted by whell

...

I agree, as I've never thought that tariffs were a long term solutions to any problem. The threat of tariffs can be effective if there's economic force behind it. The threat of a tariff on steel can be effective if we have a thriving domestic steel industry, but we don't.

All this is to say that at least we've been able to restart the discussion on the state of the middle class and the erosion of our manufacturing base. Let's hope that in the next four years we apply appropriate economic policy and start to rebuild a manufacturing base that supports a thriving middle class.

Now, if Krugman going to give back his Nobel Prize?

The thrust of Trump's admin is to slow down the Chinese. I do not believe this admin really think that manufacture would be returning in any serious way.
The previous admins (both Dem and Republic) went to sleep re China. "Made in China 2025" really startled the western democracies. Trump has succeeded to a fair extent in pushing China out of strategic areas and reduce the ease of technological transfer. China might have to change its date.

BTW Xi really helped Trump's slow down project. Xi and his many border issues...wtf.

[Chicks]

As Trump warns of economic disaster, Wall Street grows giddy about Biden
Many investors are betting on a Democratic sweep

https://www.politico.com/news/2020/1...ue-wave-432710

Trump loves to say that if Joe Biden wins the White House, stocks will crash, retirement accounts will vanish and an economic depression “the likes of which you’ve never seen” will engulf the nation.

But much of Wall Street is already betting on a Biden win — with a much different take on what the results will mean.

Traders in recent weeks have been piling into bets that a “blue wave” election, in which Democrats also seize the Senate, will produce an economy-juicing blast of fresh fiscal stimulus of $3 trillion or more that carries the U.S. past the coronavirus crisis and into a more normal environment for markets.


Far from panicking at the prospect of a Biden win, Wall Street CEOs, traders and investment managers now mostly say they would be fine with a change in the White House that reduces the Trump noise, lowers the threat of further trade wars and ensures a continuation of the government spending they’ve seen in recent years.

No sign of panic on Wall Street. They'll be happy to be rid of Donny and his idiotic economic "advisors".