Buy WILLisms

XML Feed

Featured Entries

The Babe Theory Of Political Movements.
Mar. 21, 2005 11:50 AM

Iran's Sham Election In Houston.
June 20, 2005 5:36 AM

Yes, Kanye, Bush Does Care.
Oct. 31, 2005 12:41 AM

Health Care vs. Wealth Care.
Nov. 23, 2005 3:28 PM

Americans Voting With Their Feet.
Nov. 30, 2005 1:33 PM

Idea Majorities Matter.
May 12, 2006 6:15 PM

Twilight Zone Economics.
Oct. 17, 2006 12:30 AM

The "Shrinking" Middle Class.
Dec. 13, 2006 1:01 PM

From Ashes, GOP Opportunities.
Dec. 18, 2006 6:37 PM

Battle Between Entitlements & Pork.
Dec. 21, 2006 12:31 PM

Let Economic Freedom Reign.
Dec. 22, 2006 10:22 PM

Biggest Health Care Moment In Decades.
July 25, 2007 4:32 PM

Unions Antithetical to Liberty.
May 28, 2008 11:12 PM

Right To Work States Rock.
June 9, 2008 12:25 PM



Blogroll Me!



July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005
April 2005
March 2005
February 2005
January 2005
December 2004

Social Security Reform Thursday.
March 13, 2008

Caption Contest: Enter Today!
Due: July 29, 2008

The Carnival Of Classiness.
Mar. 14, 2006

Quotational Therapy: Obama.
Apr. 4, 2008

Mainstream Melee: Wolfowitz.
May 19, 2007

Pundit Roundtable: Leaks.
July 9, 2006

A WILLisms.com(ic), by Ken McCracken
July 14, 2006


Powered by Movable Type 3.17
Site Design by Sekimori

WILLisms.com June 2008 Book of the Month (certified classy):

The WILLisms.com Gift Shop: Support This Site


This Week's Carnival of Revolutions: carnivalbutton.gif

Carnival Home Base: homebase.gif


« Voting Has Commenced. | WILLisms.com | Silly String Defeats Jihad »

Quotational Therapy: Part 113 -- Paul Krugman.

Incorrectly Predicting Recessions Since 2002-


QandO Blog has a great post on the recent economic prognostications of a certain NYT columnist:

...consider the recent record of Paul Krugman.

* "right now it looks as if the economy is stalling..." — Paul Krugman, Sept. 20th, 2002

* "We have a sluggish economy, which is, for all practical purposes, in recession..." — Paul Krugman, May 29th, 2003

* "An oil-driven recession does not look at all far-fetched." — Paul Krugman, May 14th, 2004

* "a mild form of stagflation - rising inflation in an economy still well short of full employment - has already arrived." — Paul Krugman, April 18th, 2005

* "If housing prices actually started falling, we'd be looking at [an economy pushed] right back into recession. That's why it's so ominous to see signs that America's housing market ... is approaching the final, feverish stages of a speculative bubble." — Paul Krugman, May 27th, 2005

Will Krugman be right about a looming recession in 2007. Well, eventually, he has to be right.

Unfortunately, this sort of pooh-poohing of the robust American economy was not the exclusive territory of columnists and talking heads. Anchors and newspaper editors let this sort of pessimism seep into their "objective" stories over the past few years.

Which begins to explain why those who voted on the economy, voted for Democrats:


Sure, the economy wasn't the central issue of the 2006 massacre, but it's an issue that's never, ever far from voters' minds. To the extent that the economy influenced voters, it was actually a drag on GOP hopes.

A strong economy, harmful for the incumbent party's political chances. This is truly the stuff of the Twilight Zone.

Thanks, media.

Previous Quotational Therapy Session:


The right quote can be therapeutic, so tune in to WILLisms.com for quotational therapy on Monday and Friday.

Posted by Will Franklin · 8 December 2006 10:02 AM


Darn it Will! You blew my next recession odds post for Tuesday when the Fed's Open Market Committee has their next meeting. Since Krugman's column hit the presses, the odds of recession in 2007 have, shall we say, gone "PFFFFFT."

Posted by: Ironman at December 10, 2006 09:46 PM