[ May 2, 2024 ]
The left is nuts. They are clearly cheering for the demise of America. Paul Krugman is a vicious anti-Trump bigot. He is the “genius” who insisted that the election of Donald Trump would bring a global recession in 2016. It’s sad that a liar and a malcontent like Paul Krugman could be awarded a Nobel Prize.
Related – ‘Not a triumph’ and ‘not joyous’: Democrats downplay May job gains and ignore impact of reopening
Columnist Paul Krugman: Trump may have cooked the books for strong May jobs report
Story continues below advertisementBy Washington Examiner, June 5, 2020
New York Times columnist Paul Krugman speculated President Trump got the Bureau of Labor Statistics to skew its May jobs report to create a rosier picture of the economy.
Krugman, who won the Nobel Memorial Prize in Economic Sciences, reacted with skepticism on Friday after the Labor Department announced unemployment had dropped to 13.3% when many economists expected the rate to soar above 20% because of the coronavirus pandemic’s effect on the economy.
“Well, the BLS reports a GAIN in jobs and a FALL in unemployment, which almost nobody saw coming. Maybe it’s true, and the BLS is definitely doing its best, but you do have to wonder what’s going on,” Krugman wrote. “I’ve been through a number of episodes over the years in which official numbers tell a story at odds with what more informal evidence suggests; often it turns out that there was something quirky (NOT fraudulent) about the official numbers.”
“This being the Trump era, you can’t completely discount the possibility that they’ve gotten to the BLS, but it’s much more likely that the models used to produce these numbers — they aren’t really raw data — have gone haywire in a time of pandemic,” he wrote. “Whatever happened, these numbers should make you more, not less, pessimistic about the economic outlook. Why? Because they will reinforce the White House inclination to do nothing and let emergency aid expire.”
Whatever happened, these numbers should make you more, not less, pessimistic about the economic outlook. Why? Because they will reinforce the White House inclination to do nothing and let emergency aid expire 4/ https://t.co/yoo3F6TAo0
— Paul Krugman (@paulkrugman) June 5, 2020
Krugman’s suggestion drew some pushback on social media.
Jason Furman, who was the chairman of the Council of Economic Advisers under President Barack Obama, said that Krugman should “100% discount the possibility that Trump got to the BLS,” adding, “BLS has 2,400 career staff of enormous integrity and one political appointee with no scope to change this number.”
Erica Groshen, a former Commissioner of Bureau of Labor Statistics, agreed, noting that there were “no red flags” in the data.
“As former BLS Commissioner, I see no red flags. And, knowing the processes used and integrity of BLS staff, I think it very unlikely. Commissioners see no number before it’s final. If I hear anything different, I’ll trumpet it loudly,” she wrote.
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23 Comments
3 years ago
NYT may have cooked the news for a strong May jobs recovery.
3 years ago
The NY Times isn’t even fit to line a pen in which you housebreak your dog.
Why do we even pay attention to what this degenerate impostor of a newspaper writes?
3 years ago
Why would anyone be astonished that Krugman received a nobel prize?
Hayull, they gave one to obimbo.
3 years ago
Hint; every time I hear the words “may have” “possibly” “possible” “could have” “conceivable” and all other similar words or phrases I know it’s FAKE NEWS and straight up BS.
3 years ago
Reply to
anonQ
Weasel words!
Could, would, should have, may have …..
Expect more of this. https://www.thoughtco.com/weasel-word-1692604
3 years ago
Quit giving the libturd rag nyt any significance!
3 years ago
Paul Krugman is about as much an economist as I am the Pope.
Ever noticed he always has that guilty look on his face like the guy who peed in the swimming pool?
3 years ago
Reply to
Drew the Infidel
I studies the Great Economist at University some years ago. This is not an economist, just another leftist tool.
3 years ago
Krugman the Nobel Prize Kiddie Porn King is desperate. He knows the Trumps DOJ is gettign closer and inquiries inquiries will eventually see him prosecuted. So now Krugman darwa more attention to himself by accusing Trump of fraud???
Hard to believe a foo like Krugman won a Nobel prize – but then Obama won a Nobel for nothing. What does that say?
3 years ago
Reply to
1PierreMontagne1
It took Krugman, Obama, Rice, Powers, Pukelosi, and Schiff 18 hours for them to come up with this one…..commies can only “group think.”
3 years ago
Hey, Commie Krugman…..did you jump to that assumption because that’s what you and Obama did? I’m guessing yes. What a slimy creep.
3 years ago
Obama is the one that cooked the books. They changed the way the unemployment figures were calculated to benefit him. They quit counting the 96 million that quit looking for jobs and weren’t receiving unemployment benefits. I don’t think the Trump administration changed it back either.
3 years ago
This guy is another liberal POS. He ranted in liberal media if Trump wins the election in 2016 the stock market would crash and possible recession or depression. Thus guy got a Pulitzer and is always wrong. Just like that black woman git one for the false 1619 project full of errors. Just like Obama git a noble peace prize for doing nothing.
3 years ago
Krugman…a silly, sick media hack…
3 years ago
Of course Krugman and his ilk did not dispute the BLS numbers when unemployment was rocketing upwards the past two months. Krugman deserved his Nobel Prize just a much as Ovamit did his.
3 years ago
Reply to
John Acord
Of course, when Krugman’s sawed off runt bud Robert Reich was heading the largely fascist staffed DOL, there was nary a book whose numbers were not cooked. Did he complain then? Of course not – they supported the democrat regime.
It must have pained and chagrined hundreds of those same fascist DOL employees yesterday to read those historic Labor Statistic numbers that supported President Trump’s leadership. We can probably look forward to a correction that elevates the job numbers even more.
3 years ago
May be he also cooked the soaring stocks,…right Krugy??
3 years ago
What a despicable excuse for a human being. The leftist bastard could bring two families out of poverty for what he payed for his pretend civilized costume! He is an extreme leftist of the worstm kind, he would rather this nation expire than be run by libertarians and conservatives who support the Constitutional Republic!
3 years ago
the pot belly pontificates, lol!
3 years ago
Krugman’s SCIENCE FICTION…
Arrogant, arrant liar and academic sleazebag – on the payroll of everyone who pays more.
Obama & Krugman – brings the Nobel Prize at the level of an SS award for loyal service
