Government

Paul Krugman: ‘Ridiculous’ to Talk About ‘Tiny, Tiny Missteps’ Like Solyndra

Paul Krugman: Solyndra a Tiny Misstep, a Billion Dollars Isnt a Lot of Money | ABCs This Week

New York Times columnist Paul Krugman appeared as a guest on ABC’s This Week Sunday where he said, among other things, that Rep. Paul Ryan’s budget plan is a “fraud,” Scott Walker is trying to redistribute income upwards through tax cuts, and that it’s “terribly unfair” to hold Obama responsible for the shameful state of the United States economy.

If that’s not enough, the columnist remarked of Solyndra: “We’re talking as if a billion dollars was a lot of money…,” particularly in comparison to the size of the U.S. debt and the economy.  While this is true, the economist seemingly lacks any awareness that it is precisely this mindset that leads to a $15 trillion dollar debt.

Watch Krugman discuss how “ridiculous” it is to discuss “tiny, tiny missteps” like Solyndra, below:

This is not the first time Krugman has come under fire for confusing the failure of public and private funds.

Last August, Forbes contributor Warren Meyer summarized:

I suppose it should not surprise me that a prominent voice on the left does not recognize a distinction between private equity money invested voluntarily and public investments of taxpayer money.  So, to help Dr. Krugman out, let me suggest several important differences.

The most important distinction is that [private failures like] Pets.com did not take my money.  Solyndra did, and without my permission, too.  When Solyndra flushed over a half billion dollars down the toilet, some of that wealth destroyed was mine. [Emphasis added]

He continues, following Krugman’s theme that there is no real difference between public and private capital failures:

By the way, if it were the job of the President to be such a venture-capitalist-in-chief, would you have chosen Barack Obama for this position?  Would he even be in your top, say, 20 million choices?  If I gave you a choice of Barack Obama or a random person snatched off the street of lower Manhattan, who would you choose to make these investment choices?

Krugman’s argument falls into a general category of [leftist] defenses of big government that I would summarize as “private actors make mistakes too.”  This is one of the great straw men of anti-capitalist writers.  No reasonable defender of capitalism would ever dispute that there are private enterprises that become senescent and unresponsive, that burn through hundreds of millions of dollars pursuing losing business plans, or that treat customers in arbitrary ways not much better than does the DMV.

The difference is that, absent government bailouts and crony protections of favored businesses, private markets exercise a discipline and accountability that eventually shift market share, revenues, profits, and capital to better enterprises.  These corrective mechanisms are almost entirely absent in the political realm.  Circuit City goes away, but the DMV lasts forever. [Emphasis added]

(H/T: Weasel Zippers)

Comments (364)

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  • Mike Benton
    Posted on June 3, 2012 at 7:07pm

    Where do people like him come from?
    I’m out here as a 70 year old with an MBA and a lot of corporate experience and I would kick this clown out the door after his first dissertation like this. It’s not the amount of money as much as it is the attitude of these people…just a tiny bit my butt.; it typifies an attitude toward tax money…spend it as you wish.

    Report Post » Mike Benton  
    • Bum thrower
      Posted on June 3, 2012 at 8:03pm

      He (Krugman) is an ‘elite’; what do you know, low life? These people need to be kicked outta town. That bastard makes me sick; just remember HE has a novel pricze (so does BHO); I got mine in a box of corn flackes; which one is worth more……….?…Hmmmmm

      Report Post »  
    • oneshiner
      Posted on June 3, 2012 at 8:18pm

      You guys got that one right: Says he’s a CLOWN, another says he’s a low life ELITE, the next thinks he’s an iIDIOT, and finally the laughing, hahahaha. You guys are astute and I concur totally. However, if I had to choose, I thinks he’s an idiot who gets paid to be one.

      Report Post »  
    • RMAC22
      Posted on June 3, 2012 at 8:21pm

      Paul Krugman is a MORON and Anyone that believes otherwise is a MORON as well!!!!!!!!!! All You have to do is look at everything that comes out of his face and You’ll know what I Mean!!!! Those awards he got were on sale at Sears a long time ago!!!!!!!!!!!!!!!! I’m sure he has a few more put away for future abuse when needed!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

      Report Post »  
    • lukerw
      Posted on June 3, 2012 at 8:33pm

      They come from… the Best Schools in the Nation… and are given Great Jobs & Nobel Prizes… by their INSANE PEERS!

      Report Post » lukerw  
    • ambrosia
      Posted on June 3, 2012 at 8:46pm

      Put YOUR rmoney where YOUR mouth is….Krudman.

      If you don’t think half a billion, taxpayers’ dollars,
      flushed down the Solyndra crapper isn’t ALL that much-
      how about YOU repaying every cent of it back to taxpayers,
      out of your personal, present & future wealth,

      Oblameo harps on redistributing the wealth-
      how about REIMBURSING the American taxpayers ?

      Solyndra is just the tip of the iceberg-
      records show misuse & abuse of taxpayers‘ money on ALL Oblameo’s
      green & solar, global, pet funds.

      Oblameo needs to get his grifter hands out of our pockets
      and you need to get your hard, knothole head out of his clammy azz.

      Looks like the ONLY way that is ever going to happen
      is when America votes him OUT in November
      and he can drag talking air-heads like YOU go along for the ride !

      Report Post »  
    • TheCoffinMaker
      Posted on June 3, 2012 at 8:55pm

      I can only afford to eat two small meals a day.

      Report Post » TheCoffinMaker  
    • adeleeeee
      Posted on June 3, 2012 at 9:05pm

      This guy puzzles me. A Nobel Prize winner and according to wiki

      “He is the 17th most widely cited economist in the world today and is ranked among the most influential academic thinkers in the US.”

      I have no knowledge about economics but you can easily figure out what is happening now with no need of Ph.D but a lay people with a little bit of common sense. So what this guy is saying really makes me wonder, what is he thinking? what makes him a elite economist?

      Report Post » adeleeeee  
    • Baddoggy
      Posted on June 3, 2012 at 9:09pm

      Time to kick Krugman in the tiny tiny testicles.

      Report Post » Baddoggy  
    • dtbox
      Posted on June 3, 2012 at 9:14pm

      Couldn’t have said it better Mike.

      Report Post »  
    • Sue Dohnim
      Posted on June 3, 2012 at 9:16pm

      He claims that faking the threat of space aliens will save the economy.

      um, no it gives the Gov an excuse to print money which will make the problem even worse once it is spent..

      http://www.youtube.com/watch?v=nhMAV9VLvHA

      Report Post » Sue Dohnim  
    • 3monkeysmomma
      Posted on June 3, 2012 at 9:19pm

      Isn’t this the guy Ron Paul just had an EPIC economics debate with recently on Bloomburg recently?

      Oh, wait, I only get my news from the Blaze and the Blaze only reports on stories that makes Congressman Paul seem like a drooling moron so I guess I wouldn’t know about that.

      Report Post » 3monkeysmomma  
    • soybomb315
      Posted on June 3, 2012 at 9:32pm

      Solyndra should be a case example of why the government has no idea what they are doing in the private sector. Just when you think we have a slam dunk issue….Romney’s past comes back to bite him in the butt.

      While governor, Romney gave tax subsidies to renewable energy industries. One of them just went bankrupt…One day after Romney was criticizing Obama for the Solyndra thing.
      http://www.bostonherald.com/jobfind/news/technology/view/20220602mitts_big_green_flop_lowell_solar_panel_co_he_backed_goes_under/srvc=home&position=also

      Shouldnt surprise anybody cuz Romney is on record for supporting global warming and the need for a carbon tax

      Report Post » soybomb315  
    • MAMMY_NUNN
      Posted on June 3, 2012 at 9:35pm

      Could this guy be the replacement for Bernanke ?

      Report Post »  
    • Anamah
      Posted on June 3, 2012 at 10:05pm

      I agree with you, but I think this individual is a case of perversion because he is an insane plus obviously is a bad person, an immoral a piece of trash. Hopefully we are going to thrown out all of those clowns who now are paid to poison American life.

      Report Post »  
    • jzs
      Posted on June 3, 2012 at 10:29pm

      This sounds a lot like a Bain Capital venture. Except that when Bain bought a company that went bankrupt, Bain made hundreds of millions of dollars, the company’s employees lost their retirement (to pay Bain of course for their help driving the company into bankruptcy), all the suppliers lost their money, and everybody lost their jobs. That was Bain’s specialty, bleeding a company and their employees dry, pocketing their retirement funds and leaving the company’s suppliers, the ones owed money high and dry.

      Romney actually does know about this kind of thing having made millions off these kind of deals, so he’s in a good position to talk about it.

      Report Post » jzs  
    • Sue Dohnim
      Posted on June 3, 2012 at 10:48pm

      @JZS

      um, Bain>> Private wealth risked>> Capitalism (private loss or private gain))
      and SOLYNDRA>> Public wealth risked>> Fascism (public loss private gain)

      Report Post » Sue Dohnim  
    • NHwinter
      Posted on June 3, 2012 at 11:16pm

      jzs – Bain had an 80% success rate. They lost a few, but keep thousands of people working. Not a bad % rate. A lot better than Oblamer.

      Report Post » NHwinter  
    • SpeckChaser
      Posted on June 3, 2012 at 11:34pm

      JZS said Bain drove companies to bankruptcy. Lol.

      Thank you for showing us that you know nothing about venture capitalist and even less about Bain. Yawn. Even Bill Clinton gets it.

      On the other hand, I don’t blame you for taking that asinine position. It’s not like your pick has a record to run on. At least not one a majority would approve of. Go back to sleep.

      Report Post » SpeckChaser  
    • Therightsofbilly
      Posted on June 3, 2012 at 11:38pm

      Hey JZSaul,

      Should we give any credence to the words of a poster that makes things up, says things about people that are not true, and even has some of his posts remove because of it?

      Just askin?

      Report Post » Therightsofbilly  
    • SpeckChaser
      Posted on June 4, 2012 at 12:09am

      Hey Billy. Hope all is well with you.

      Great post. I was actually laughing when I read JZ’s post. It really makes me wonder where people come up with stuff. Does he think Bain bought financially solid, profitable companies and drove them into bankruptcy? Sounds like something he would buy…or make up out of thin air. He probably thinks buzzards cause road kill as well.

      One thing you can be sure of are more attacks from JZS. Obama hasn’t passed anything significant that a majority of the country approves of. Until that happens, it won’t, all he can do is attack and divert from focusing on his record. That is his only option.

      Report Post » SpeckChaser  
    • PATTY HENRY
      Posted on June 4, 2012 at 12:34am

      At some point, even the most far left of the lot have to admit that their ship is sinking. Are they going to wait until they are totally under water? WE AREN’T. You can lie to others, duded, but it’s not really cool …it’s even less cool to lie to yourself. Or…are you really THAT dumb?

      Report Post » PATTY HENRY  
    • RJJinGadsden
      Posted on June 4, 2012 at 12:46am

      JZS just believes in the fairy tale premise from the movie “Wall Street” and that the likes of Gordon Gekko actually exist. JZS, it was just a movie, not real life! Get over it.

      Report Post » RJJinGadsden  
    • Therightsofbilly
      Posted on June 4, 2012 at 1:00am

      Hi Speckchaser,

      Yes, I am fine, thanks for asking.
      Hope you are doing well, as well.
      You really need to stop in more often.

      Love the Buzzard line. :o)

      Report Post » Therightsofbilly  
    • The-Monk
      Posted on June 4, 2012 at 1:06am

      JZS reminds me of Webster in the Clint Eastwood movie Heartbreak Ridge.

      Webster: Highway, I heard you was back.
      Highway: Webster…
      Webster: These retards couldn’t fight their way out of a shithouse.
      Highway: Is that where you’ve been keeping yourself lately?
      Webster: Me and Major Powers are building an elite company of fighing men.
      Highway: The only thing you could build, Webster, is a good case of hemorrhoids.

      Report Post » The-Monk  
    • RJJinGadsden
      Posted on June 4, 2012 at 1:18am

      THE-MONK, My son and I have that movie on DVD, excellent analogy.

      Report Post » RJJinGadsden  
    • Ruler4You
      Posted on June 4, 2012 at 1:50am

      Krugman, there is’ a reason you are an irrelevant jerk. And that’s because you are an irrelevant jerk.

      Report Post » Ruler4You  
    • Paul
      Posted on June 4, 2012 at 2:05am

      B.S. Next Case !
      I have come to the conclusion these clowns are completely insane, they TRULY have no clue who we are.

      Don’t insult our intelligence which you are completely void of, what the hell is wrong with you freaks ? I know

      you are satans own but damn, grow a brain, puppets.

      Pathetic, nice beard, MBH?

      Report Post » Paul  
    • RebelPatriot
      Posted on June 4, 2012 at 2:40am

      It’s the same old communist lies. Solyndra was only a small piece of the pie that was sliced up and given away to the progressive supporters. To prove this was nothing more than a ploy to steal more money from the taxpayers of the Republic can someone explain why the money was given to the banks and not the home owners? Wouldn’t it have better served the citizens of the Republic if they had received the money and paid the banks. Doesn’t that save a keep families together and keep banks from losing money.

      All of the actions taken the last 40 years have been a plan to take the wealth from We the People. The progressive socialist on the right and left are working their schemes to undermine the economy and the constitution.

      Solyndra was a small piece of the pie, so are TSA agents at our airports, so are unprotected borders.

      The socialist are not going to roll an army into the Republic and destroy it. They will continue to nickel and dime our wealth and our freedoms away until one day we all wake up broke and living a life of serfdom.

      If you aren’t aware of what is really going on then you have been drinking the propaganda kool aid for far too long and will never realize that your freedom is at stake.

      Limiting the size of your soft drink cup is a little thing. What happens when they limit your aspirations for life? You will be told what job you will work for 50 years. You won’t get to make your own future.

      Report Post »  
    • jhp230gr45
      Posted on June 4, 2012 at 3:00am

      This is true…it is not the amount of the money being misused…it’s the act itself….if you steal a 10 cent piece of candy from a store or steal a case beer from the same store…it’s still the principle of stealing….one does not make the other any less of a crime than the other because of the cost of the item…

      Report Post »  
    • starman70
      Posted on June 4, 2012 at 7:17am

      Krugman in an over educated IDIOT. He fits right in with BHO and his entire Chicago political gang. As long as it’s not his personal money, who cares how it is wasted. I bet he wouldn’t have taken any of HIS money and “Invested” it in Solyndra.

      Obammy was “Returning a political favor” to a bunch of daydreamers who “Bundled” funds for his election. I bet the CEO and othe officers of Solyndra made out like bandits. And the Dummycrats call Romney a corporate raider?

      Report Post »  
    • Leader1776
      Posted on June 4, 2012 at 7:42am

      As others have suggested, those in power now DO know that the rich pay most of the taxes. Therefore, its OK to spend and spend tax dollars as those dollars are coming from the rich. A form of redistribution of wealth.

      And, BTW, Krugman would never work for you. He wouldn’t work a day for any true capitalist concern.

      Report Post » Leader1776  
    • old white guy
      Posted on June 4, 2012 at 7:47am

      what can you say about a fool that thinks a billion dollars of taxpayers money is a tiny , tiny amount. it took alot of these tiny amounts to create the trillions in debt that now plague the country. with smart guys like this in control i can see why the country is on the fast track to bankruptcy.

      Report Post »  
    • poorrichard09
      Posted on June 4, 2012 at 7:53am

      Remember before BO was elected trillion (as in dollars) wasn’t in DAILY usage? Now billions are small change (as in hope n change). Krugman is a shill for the Dems plain and simple and nobody takes him seriously.

      Report Post »  
    • rambosharley
      Posted on June 4, 2012 at 8:08am

      KRUGMAN you’re an IDIOT! AND you look like a B@stard RAT!

      Report Post »  
    • seeker9
      Posted on June 4, 2012 at 8:16am

      @JZS
      You need to expand your perspective. Instead of Bain/Romney, consider govt/BHO, loading the (company) country with unsustainable debt taken from the (employees) taxpayers. The politically connected have ways to keep/enhance their wealth. (BHO enjoys his wealth too much to give it up). There is no way just taxing the rich will cover all the debt.
      There is a federal program that insures retirement funds. Research ERISA. Only the govt could touch IRA’s/401k’s. Honestly, you sound as though you get talking points from Ed Schultz.

      Report Post » seeker9  
    • KICKILLEGALSOUT
      Posted on June 4, 2012 at 8:19am

      Of course these corrupt morons think you shouldn’t criticize their messiah OWEbama and his omnipotence. Let’s look at some more little missteps from these same lunatics that have allowed billions to go into their crooked friends and donors pockets at the expense of the American middle class working man and his family. These people should be thrown in jail forever until they are one day burning in hell.

      Raser Technologies. In 2010, the Obama administration gave Raser a $33 million taxpayer-funded grant. The company filed for bankruptcy protection in 2012. The plant now has fewer than 10 employees, and Raser owes $1.5 million in back taxes.
      ECOtality. The Obama administration gave ECOtality $126.2 million in taxpayer money in 2009. The company has since incurred more than $45 million in losses. Currently the company is under investigation for insider trading.
      Nevada Geothermal Power (NGP). The Obama administration gave NGP a $98.5 million taxpayer loan guarantee in 2010. Last October they announced that the company is in “financial turmoil” and that after a series of “technical missteps” that are draining Nevada Geothermal’s cash reserves.
      First Solar. The Obama administration provided First Solar with more than $3 billion in loan. The company “fell to a record low in trading May 4 after reporting $401 million in restructuring costs tied to firing 30 percent of its workforce.”

      Report Post » KICKILLEGALSOUT  
    • KICKILLEGALSOUT
      Posted on June 4, 2012 at 8:22am

      I really don’t even need to list all of the missteps their messiah OWEbama has made in redistributing billions of taxpayer funds to their friends. You can read a longer list here. Maybe Krugman needs to read this list too.
      http://www.zerohedge.com/news/comparing-track-records-mitt-romneys-private-equity-vs-barack-obamas-public-equity

      Report Post » KICKILLEGALSOUT  
    • dimitrisokolov
      Posted on June 4, 2012 at 9:14am

      A billion dollars is the tax revenue from hundreds of thousands of citizens. Krugman is an idiot.

      Report Post »  
    • G-WHIZ
      Posted on June 4, 2012 at 10:29am

      Hey, Jack…why dont we just tax you 100% for the rest of your life…It’s only a very tiney ammount…it’s not real money.

      Report Post »  
    • Jim in Houston
      Posted on June 4, 2012 at 11:18am

      This idiot is a Pewlesser Prize Weiner. I would wager even he doesn’t believe the looney tunes crap he writes.

      Report Post »  
    • oneshiner
      Posted on June 4, 2012 at 12:43pm

      Has anyone else noticed? That every photo of this paul krugman makes his beady little eyes look like he’s scared? Something very dishonest about those eyes and the little smile. If it were just one photo it wouldn’t be noticed, but it’s every photo. Kinda like he just got caught with his hand in the candy jar.

      Guys, there’s just something very dishonest about this man, it shows. I can read those things about people.

      Report Post »  
    • pavepaws
      Posted on June 4, 2012 at 1:18pm

      Some people give the impression that they are stupid, then they open their mouths and confirm it.

      Report Post »  
    • Ariadne
      Posted on June 4, 2012 at 3:41pm

      Google Krugman Shiff, the man who predicts the economic demise of the US and how Peter Shiff refutes about everything Krugman has to say. I was awake until 2 AM reading Peter Shiff’s predictions and will likely lose more sleep. I don’t want to suffer a third downturn in 15 years, with a loss of my savings, but it looks as if deluded Nobel prize winner Krugman, a shill for Barney Frank and the housing bubble, has helped put the pieces into place with his nonsense. Others might despise him. I am frightened. http://www.youtube.com/watch?v=WBL2oaqXgKg

      Report Post »  
    • Realist4U
      Posted on June 4, 2012 at 3:45pm

      I’m sorry to say that he is terminally ill with “Stage Four Liberalism.”

      Report Post »  
    • seresmary
      Posted on June 4, 2012 at 4:41pm

      Exactly, where does Mr. Krugman get off saying that it’s not a lot of money, that’s my tax money, and to me it’s a lot of money a whole lot of money. We are one a fixed income, retired, we didn’t get a COL increase on our Social Security for two years and our medicare went up during that time, and our President is out there giving billions of dollars away of our money to failing businesses. If Mr. Krugman wants to donate his money to a failing business I suggest that he go right a head but when it comes to the taxpayers the government has no business investing in anything with tax money, including green jobs. that is the business of the private secotor to make these businesses grow, and grow they will if there is a market for them, but you can’t go around shoving this garbage down our throats just like they did with Obama Care, and the Smart Meters, and Agenda 21, we are not going to take it anymore. Now if Mr. Krugman thinks that this isn’t a lot of money he can give me back my share and to all the other taxpayers out there as well.
      MaryS, California

      Report Post »  
    • PB in Memphis
      Posted on June 4, 2012 at 5:13pm

      He has shifty little beady eyes… creepy, just like the words that fall from his brain into the airwaves. I can’t believe that he is well respected, except that he is “IN THE CLICK” of elitists who only know what they know and fail to even consider anything they know nothing about… pure academia on display for all to behold and take refuge from.

      Please…. how about a little reality check. Obama and his minions must be replaced.

      OMG 2012

      Report Post »  
    • jerimiah41
      Posted on June 4, 2012 at 5:42pm

      These are not mistakes. They are money laundering schemes. He funds and supports this crony capitalism for large donations that we are paying by the company up front and then when they fail the taxpayers eat the expense and the democrats get money again thru donations as part of the writeoffs of the contributions. Everything Obama does is to fund and support a base of corrupt union hacks and business’s by giving large tax deals and gets in return payoffs back to his campaign and the democrats. Just look at where most of the stimilus dollars went. It did not create any jobs. Paul Krugman cannot be a financial analyst or guru. Please check his credentials. Probalbly as solid as Obama’s.

      Report Post »  
    • petersenonmain
      Posted on June 4, 2012 at 6:44pm

      There was a congress man in the 1960s,Everett Dirksen that said it very succinctly ” A million here a million there and pretty soon you are talking about real money.”

      Report Post »  
    • bobbiejean
      Posted on June 4, 2012 at 8:56pm

      @Mike Benton Yeah! If it’s the taxpayers money, spend, spend, spend. Half a billion dollars?
      Chicken feed. Hey! If we get in trouble, we’ll just borrow some. Or print more money. Isn’t
      that the way things are done? Had he survived, wonder what the Captain of the Titanic would
      have said? “We had a fast ship. We had a safe, large ship. There was a tiny, tiny misstep when
      the iceberg showed itself.”

      Report Post »  
    • jonboy1903
      Posted on June 4, 2012 at 8:59pm

      You are right, Sir. It is no big deal, to an uncaring, inresponsive, and out of control government. A billion doesn’t sound like a lot of of money but it takes on new perspective, when you consider it takes a man 100,000,000 hours to makes that amount of money at a McJob.

      Report Post » jonboy1903  
    • lrb14
      Posted on June 4, 2012 at 11:48pm

      Funny, I was getting ready to post the same thing! A great read is Thomas Sowell’s new book, “Intellectuals and Society.” He discusses the mindset among intellectual elites/progressives, and explains why they are simply incapable of recognizing the inherent limitations of their ideology. Absolutely great book!

      Report Post »  
  • jakartaman
    Posted on June 3, 2012 at 7:05pm

    This guy is truly an idiot.
    Lets not talk about the small stuff Paul.
    lets talk about the escalating debt
    lets talk about the trillion $$ boondoggle to pay off friends (shovel ready -(ha-ha)
    You sir are a sickening apologist for an incompetent 3rd string administration
    History will be unkind to Obama and his media whores

    Report Post »  
    • 338lapua
      Posted on June 3, 2012 at 8:44pm

      3rd string administration shooting for a 3rd world America!!!! And you are SO right. The media whores are being clubbed like baby seals in Nova Scotia. Buh Bye CNN, See ya MSNBC wouldn’t wanna be ya!!

      Report Post »  
  • Want our country back
    Posted on June 3, 2012 at 7:04pm

    Is this the same Paul Krugman, The New York Times’s Op-Ed columnist Paul Krugman, Nobel-Prize winner, blogs about ECONOMICS and politics.

    hahahahahahahahahahahahahah

    Report Post » Want our country back  
    • oneshiner
      Posted on June 3, 2012 at 8:14pm

      The first four posters are

      Report Post »  
    • lapua338shooter
      Posted on June 3, 2012 at 9:06pm

      And yet they arrested that nice young lady that made a few fireworks on HER OWN property. Meanwhile, an idiot runs loose and they put him on TV no less.

      Lord, give me strength…..

      Report Post »  
  • turkey13
    Posted on June 3, 2012 at 7:00pm

    If recall, it was about 17 $$$ billion wasted on green energy. Our local lawyer that bought a Chevy Volt is sueing under the lemon law. It has to go on a wrecker to Oklahoma City and they can’t fix it. In almost 6 months it only has 900 miles on it and a couple of thousand on a wrecker.

    “Nothing is easier than spending public money. It does not appear to belong to anybody. The temptation is overwelming to bestow it on somebody.” – Calvin Coolidge

    Report Post »  
  • rickroland
    Posted on June 3, 2012 at 6:56pm

    But, the Solyndra’s (all like government loans or loan guarantees) PLUS all the major mis-steps (half of TARP, Stimulus, Cash for Clunkers, ObamaCare and on and on) add up to one Big HUGE steaming pile of FAIL by Obama and his Administration when it comes to the economy. Sorry, Paul, you can’t even see the trees, let alone the forest.

    Report Post »  
    • CatB
      Posted on June 3, 2012 at 8:11pm

      Typical elitest .. he thinks if he says something it makes it true .. and we are too dumb not to notice. Really they need to stop underestimating us!

      OMG 2012 LIBERTY!

      Report Post »  
    • Bluebonnet
      Posted on June 3, 2012 at 10:38pm

      This man is a fool. Tiny misstep? Count them up. Several horribly failed “shovel ready” jobs that didn’t happen to work out and cost a fortune. There were more solar energy plants that we put massive amounts of money that failed (we don’t hear much about them) We’ve bailed out more failures for what purpose? To make O look good, for no other reason. Those stupid wind mills kill more birds than they get in energy. \
      .

      Report Post »  
    • Bluebonnet
      Posted on June 3, 2012 at 10:41pm

      That dense Krugman thinks a billion here and a billion there is nothing but chicken feed. That could be chicken feed money going to our injured service men who’ve giving sacrifices for Americans. Why don‘t we just help our selves to Krugman’s billions and see if he misses it, if it’s just chicken feed?

      Report Post »  
  • seeker9
    Posted on June 3, 2012 at 6:55pm

    I’ve seen Krugman dozens of times. Only once did he say the govt should cut spending while the times are good – SURE! Likely as a snowball in he**. HA! Politician first, columnist second, ecnomist ??

    Report Post » seeker9  
  • Magyar
    Posted on June 3, 2012 at 6:54pm

    You, Mr. Krugman, were the tiny tiny misstep!

    Report Post »  
  • wordweaver
    Posted on June 3, 2012 at 6:53pm

    Well Paul, you know what they say, “A billion here, a billion there, pretty soon you’re talking about real money.” Isn’t there some wise old saying about taking care of the pennies and the dollars will take care of themselves?

    Report Post » wordweaver  
  • Berbel73
    Posted on June 3, 2012 at 6:47pm

    I’m not a violent person, but this guy here, this lying POS, if I saw him on the street I’d walk right up up to him and ask him “Hey, your Paul Krugman aren’t you?“ When he acknowledged that he was I respond with ”yea I thought so”, and then I’d procede to punch the fawker right in mouth and knock his teeth out that he lies right through.

    Report Post »  
    • bigdog71360
      Posted on June 3, 2012 at 7:05pm

      If you hit him in the mouth, will you damage Obama’s pen!s?

      Report Post » bigdog71360  
    • Berbel73
      Posted on June 3, 2012 at 7:09pm

      It just occured to me who this jerk reminds me of, Grima Wormtongue from The Lord of the Rings!

      Report Post »  
    • cosette
      Posted on June 3, 2012 at 8:11pm

      @ Bigdog…. HaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHa….. gasp for air…. resume… HaHasHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHa…stop to wipe tears from eyes…. resume…. HaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHaHa…. ahhhhhhhhhhh…. Now that’s funny, I don’t care who you are!

      Report Post »  
  • 13th Imam
    Posted on June 3, 2012 at 6:47pm

    A Hole

    Report Post » 13th Imam  
  • sandmannc40
    Posted on June 3, 2012 at 6:44pm

    Enough tiny, tiny mis-steps adds up to a mountain size. Every tiny mis-step should be focused on…. Those are Tax Dollars being pissed away.

    Report Post » sandmannc40  
  • jacobstroubles
    Posted on June 3, 2012 at 6:43pm

    Well paul krugman, you both an idiot, and $3.00 tool for the other idiots. When they are done with you and those like you, they’ll discard your useless ARss, like a fitlhy diaper.
    Good luck however.

    Report Post »  
  • Slaves_No_More
    Posted on June 3, 2012 at 6:42pm

    Krugman is such a hack, anyone who takes his economic drivel seriously is either as dishonest as him or needs their head examined.

    What people need to realize is that when the government starts getting in to bed with business, you have all the ingredients for full-blown facsism.

    Just add heat and stir…

    Report Post » Slaves_No_More  
    • bcshealy
      Posted on June 3, 2012 at 7:19pm

      And the really scary thing is that he’s just a mouthpiece for Obama and all of his secretive czars who are eating away at our country like mammoth termites. I pray there will be something left on January 20, 2013, when WE TAKE OUR COUNTRY BACK!!!!!

      Report Post » bcshealy  
    • Slaves_No_More
      Posted on June 3, 2012 at 7:33pm

      @bcshealy

      While Obama has certainly kept up the march towards a totalitarian facsist state, he’s had the full support of Republicans the entire way, not to mention having the framework laid under the previous administration.

      Report Post » Slaves_No_More  
    • armyofnibiru
      Posted on June 4, 2012 at 1:27am

      there ain’t no candidate in sight that will give us our country back.romney ha may as well be rahmney .like babs bush said,all who are not ready for the new world order will be tilled under.krudman like o’riely fox and all the other media see or help the nwo to destroy the constitution ,because it prevents them from enslaveing or killing us all.hey (serving humans is a cook book)not our salvation.

      Report Post »  
  • ColoradoMaverick
    Posted on June 3, 2012 at 6:41pm

    Comments like this reveal the total and absolute ignorance of people like Krugman.

    Report Post » ColoradoMaverick  
  • Cruelnunusual
    Posted on June 3, 2012 at 6:39pm

    Over HALF A BILLION? Tiny?

    Report Post » Cruelnunusual  
    • Shasta
      Posted on June 3, 2012 at 6:57pm

      It’s that kind of thinking that got us into this mess in the first place.

      Report Post » Shasta  
  • Inlightofthings
    Posted on June 3, 2012 at 6:37pm

    A real piece of work, that Paul is….

    Report Post »  
    • Darla_K
      Posted on June 3, 2012 at 7:03pm

      I can’t believe that he believes what he says. lmao :)

      Report Post » Darla_K  
    • Jenny Lind
      Posted on June 3, 2012 at 8:02pm

      Darla, I can’t believe what a horses back end he is.

      Report Post »  
  • doomytram
    Posted on June 3, 2012 at 6:37pm

    Each week I get a tickle when the ridiculous tree rat, Paul Krugman, opens up his squirrel mouth and flaps his squirrel jowels. He is a tiny, tiny baby who should be housed in an insane asylum and straight jacketed. Paul Krugman is driving people away from Obama instead of driving people to Obama. Of course that’s the norm these days with hapless liberals.

    Report Post » doomytram  
  • RaydocX
    Posted on June 3, 2012 at 6:36pm

    Ahem, Paul, to even ‘us wealthy 1% American’s a billion dollars IS A FREAKING LOT OF MONEY!
    or to put it another way, you could give every man woman and child in this country one MILLION dollllars with that worthless political hack Chicago style loan, with money left over.

    Try that… instead of funding another ‘ready to compete with the Chinese with more expensive product’ company, just give each of us a million dollars… after all, that’s MUCH less then a billion, and a billion isn’t that much money…

    What, Paul… crickets? Stop being a part of the problem, Paul… respon Ability… admit you were and are wrong. then help us fix it or at least get out of the way!

    Report Post » RaydocX  
  • progressiveslayer
    Posted on June 3, 2012 at 6:35pm

    Hopefully the aliens will come and take little Paul back to their planet for an anal probing,problem is he’ll like it. Paul is a moron who thinks government has money,government never has nor never will have any money because government can only destroy wealth it can’t create it.

    And the green agenda pushed by our maniacal Marxist POS president wasting billions of OUR dollars and his destruction of the coal industry is further proof that he needs to be fired come November.

    Report Post » progressiveslayer  
  • cookcountypatriot
    Posted on June 3, 2012 at 6:31pm

    sorry slave,,,,,you and your master are amatuers..

    Report Post » cookcountypatriot  
    • Link8on
      Posted on June 5, 2012 at 1:23pm

      So are the Nobel prize commitees.

      Report Post » Link8on  
    • Link8on
      Posted on June 5, 2012 at 1:25pm

      Some awards from the last century are understandable.

      I mean to state that the recent Nobel prize commitees appear to be amatuer communist cheering sections / credential mills.

      Report Post » Link8on  
  • hawkeyez
    Posted on June 3, 2012 at 6:30pm

    I smell a frat when this guy talks

    Report Post »  
  • Azzman
    Posted on June 3, 2012 at 6:30pm

    November is going to be a lot of fun people.

    Report Post »  
  • PAULA J ANDERSON
    Posted on June 3, 2012 at 6:29pm

    Ye how we minimize the outrageous president we have. Tiny tiny steps…billions compared to trillions..bet the taxpayers (that is the people who really pay taxes, not the people who live off of what they get for nothing and complain it’s not enough) would like a return on their investment. We, the taxpayers, had NO choice in these payouts that OBAMA has given his cronies and supporters.

    Report Post »  
    • Link8on
      Posted on June 5, 2012 at 8:04am

      A true economist would understand that newspapers, like the New York Times, have been on a downward trend for at least a decade.

      A true economist, would have gone towards a platform with a much brighter future of adding value, instead of taking paychecks from NYT, which redistributes shareholder wealth upwardly toward his own pocketbook.

      A true economist would have advised the NYT that not paying a dividend for the last 9 years, would be unfair the the shareholders who put in their hard earned money to him and his coworkers.

      But for Paul, these factors must only be tiny tiny missteps to him…

      Report Post » Link8on  
  • showmerancher
    Posted on June 3, 2012 at 6:28pm

    I agree with Paul Krugman; it’s insignificant… so…another little mis-step, like passing $500 million over to me would also be a pittance not worth mentioning… :-)

    Report Post »  
  • Dale
    Posted on June 3, 2012 at 6:26pm

    Sorry, Crudman, Bain did not use tax-payers dollars. BIG difference.

    Report Post » Dale  
    • GeorgieJo
      Posted on June 3, 2012 at 6:43pm

      Did Kruggyman have serious drug issues way back and now his delusions are fomenting?
      KEEP TALKING KRUG…..You prove just how stupid you Progressive Liberals are about 500 MILLION DOLLARS
      NYTimes?
      GIVE this doofus a raise SO HE CAN PAY MORE TAXES—–ROFL

      OMG 2012

      Report Post »  
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