Esoteric Dissertations from a One-Track Mind

October 5, 2007

Paul Krugman

Filed under: economy, politics — Tags: , , — codesmithy @ 9:19 am

Paul Krugman is an economist and op-ed columnist for the New York Times. He is genuinely smart guy that even Bill O’Reilly and Neil Cavuto, both of Fox News, seem to grant. He gives an insightful speech about the current state of the nation and its body politic. The speech was in honor of Molly Ivins an author, political commentator, and best-selling author. She passed away early in 2007. She is known for infusing Texan inspired phrases to give her columns a no-nonsense kind of charm. Her last column was “Stand Up Against the Surge,” which gives a flavor of her writing.

Parts (2, 3, and 4).

There is also an interview with Neil Cavuto where Cavuto apparently mops the floor Krugman. If that is the case, I certainly didn’t see it. The GDP is not the economy. Krugman’s point is that many people do not believe the economy is doing well for them. How do you explain this? One just can’t ignore data that doesn’t fit the desired conclusion. One possibility is that people just don’t know what a good economy is. Another possibility, as Krugman suggests, there are other factors coming into play. One example would be median incomes actually decreased during the GDP growth, which would explain why people would feel the way they do. Cavuto continually points to GDP, and Krugman concedes that during the 90’s that seemed reasonable because the two seemed to correspond. However, recently, the GDP and public opinion about the economy have diverged. Krugman offers an explanation.

There is another video of Paul Krugman, Bill O’Reilly with Tim Russert. As the text commentary points out, Bill O’Reilly waffles through the interview. O’Reilly distorts what Krugman says, Krugman calls him a liar, and O’Reilly gets belligerent. I don’t like talking too much about Bill O’Reilly. In fact, my whole opinion of O’Reilly can be summed up with three words Malmedy, Mackris, and loofah (thanks Keith Olbermann). Ok, maybe I’ll throw in falafel too. Although, I’m constantly amazed at the slips he makes. For example, the collage that O’Reilly is talking around 3:25 is probably this. The amazing thing is that he can’t even quote himself right. He says that he said: “Why don’t you shut up about your sex life?” As opposed to: “I’m asking you to shut up about sex.” (6 seconds in) O’Reilly misrepresents his tone, what he said, and was either wrong or lied about how the clip was cut. The fundamental intellectual dishonesty is profound, why should anyone have to debate someone that gets the facts wrong and is belligerent to boot.

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