Krugman To Colbert: "Ireland Is America's Future If Romney Is President"

Tyler Durden's picture


Forget turning Japanese, an anxious-looking Paul Krugman appeared on Stephen Colbert last night to hawk his book and suggested that "Ireland is Romney economics in practice". Noting that Obama "inherited a Depression" but has unfortunately not taken us out of it due to a "whole lot of opposition from 'the other guys'". The Kaped Keynesian Krusader went on to note that "a recession is when things are going down but a depression is when things are down" and suggests an Obama campaign slogan "It's Not As Bad As The Great Depression" to which Colbert retorts that electing Romney would seem to be the path to 'ending this depression now'. While Krugman opines that if we would just re-hire all the government workers who have been laid off over the past few years then all would be well in the world, we suspect Colbert is closer to the truth when he comedically adds that "obviously the way to end the real depression is a war in Europe" and while USA is not Greece (or Uganda), it appears we will be Ireland if Romney gets elected.



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Tue, 06/19/2012 - 20:08 | 2541309 jomama
jomama's picture

what a fucking hack.

Tue, 06/19/2012 - 20:25 | 2541375 knukles
knukles's picture

But Wait!
There's More!

We're in the Hack's Depression.
Created and maintained by the same 2 party system that brought us the ascendency of Goldman Sachs!
And since pre-Clinton, the GS'ers have been.... everywhere!


Thanks, Goldman!

So it's neither Bush's nor Obama's fault

It's Goldman's Fault!

Tue, 06/19/2012 - 22:03 | 2541649 krispkritter
krispkritter's picture

Another Nobel Award-winning Turd in a Tie...he's the Whiter side of Obamanomics...

If your Mother has ever come out of the bathroom and said "Y'all c'mere and look at the Krugman I dropped before I flush it.", you might be a Redneck...

Tue, 06/19/2012 - 22:07 | 2541662 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Kaped Keynesian Krusader, KKK, how appropriate.

Tue, 06/19/2012 - 22:45 | 2541767 Yes_Questions
Yes_Questions's picture



Saw that too.  Krugman wears a hood when writing his column and burning the $ symbol?

Tue, 06/19/2012 - 23:27 | 2541878 Richard Chesler
Richard Chesler's picture

Ahhh, the other way of receiving presidential cufflinks.

Tue, 06/19/2012 - 23:43 | 2541939 Yes_Questions
Yes_Questions's picture



and a free pass to the nearest secured bunker



Tue, 06/19/2012 - 23:52 | 2541963 flacon
flacon's picture

"We have to go spend more so we don't go bankrupt" ~ Joe Biden


What hell is this?

Wed, 06/20/2012 - 00:00 | 2541983 dbomb12
dbomb12's picture

That means if Obama becomes the PREZZY, then our future is Zimbabwe. The are not bankrupt yet, just plain BROKE

Wed, 06/20/2012 - 00:09 | 2541999 dbomb12
dbomb12's picture


Wed, 06/20/2012 - 00:27 | 2542036 Alexandre Stavisky
Alexandre Stavisky's picture

“Individuals, corporations, cities, and States can not, of themselves, do anything except play according to the rules of the present money system and make their outgo balance their income, or ultimately “go broke.” Most of them are unable, much as they may desire, to give consideration to helping the general situation except as they may influence the action of the Federal Government, which is in an entirely different category, it being able to make and change therules of the game…A State, of course, is in the same financial category as corporations and individuals in that they do not have the power of issuing money or credit. The Federal Government is entirely in a different category because it controls the money system.” ~ Marriner Eccles (February 13 – 23, 1933 Senate Hearing Committe – prior to becoming Fed Chairman)


Romney is cut of the same cloth.


If Volcker could renew the USa purpose in the 70's, to be overthrown by the "committee to save the world", perhaps Hominey Rominey might be a cleaner.


Although it would take a miracle of money printing, autarky, and debt swappery.


Ugly but Effective.  Like Krugman's shilling for his paymasters.

Wed, 06/20/2012 - 00:48 | 2542075 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

Krugman is a cancer. He must be treated as such.


Wed, 06/20/2012 - 00:52 | 2542084 Bananamerican
Bananamerican's picture

"Ireland Is America's Future If Romney Is President"

it's Kolob actually....

Wed, 06/20/2012 - 01:00 | 2542092 WhiskeyTangoFoxtrot
Wed, 06/20/2012 - 10:50 | 2543370 Fish Gone Bad
Fish Gone Bad's picture

Krugman is a tard.  Why stop at just hiring back all the laid off people?  Hell, hire even more... and give them a raise.  Everyone should be in public service.

Wed, 06/20/2012 - 01:35 | 2542139 lemonobrien
lemonobrien's picture

buy gold and shut the fuck up.

Tue, 06/19/2012 - 23:18 | 2541843 ZeroAvatar
ZeroAvatar's picture

'Meddling Martian Marauder'.

Wed, 06/20/2012 - 00:25 | 2542035 TBT or not TBT
TBT or not TBT's picture

"Be Be Because...central...planning!"

Works for both sides of the debate here.


Tue, 06/19/2012 - 22:09 | 2541669 Marginal Call
Marginal Call's picture

Meh.  Huffington Post beat Tyler to this dog whistle by about 9 hours.  Y'all jumped on command on both sides. 

Tue, 06/19/2012 - 22:38 | 2541750 Atlas_shrugging
Atlas_shrugging's picture

Ireland is to America under Romney as France is to America under _________.

Tue, 06/19/2012 - 23:20 | 2541850 ZeroAvatar
ZeroAvatar's picture

You won't find too many liberals at this site.  Huffpo is for the Obama Pickle Smokers.

Wed, 06/20/2012 - 00:46 | 2542074 LowProfile
LowProfile's picture

Plenty of Classical Liberals here though.

Wed, 06/20/2012 - 02:56 | 2542208 Ghordius
Ghordius's picture

count me in this group - and don't kid yourself, US liberals and US libertarians both belong to the "family" of the Classical Liberals.

It's only the single-seat first-around-the-post electoral system that divides the family into a conservative faction and a progressive faction, otherwise it would be one party with two wings.

nevertheless, in this interview the liberal is Colbert, Krugman only poses as a liberal, he is too statist for the term and should be properly labeled as a Social Democrat.

Tue, 06/19/2012 - 22:10 | 2541670 Buck Johnson
Buck Johnson's picture

We are in a depression, but no politician or MSM pundit for the economy will say the D word.  Because that points to the failure of the govt. and the president not doing their jobs. 

Wed, 06/20/2012 - 04:17 | 2542306 Benjamin Glutton
Benjamin Glutton's picture

Noting that Obama "inherited a Depression" but has unfortunately not taken us out of it due to a "whole lot of opposition from 'the other guys'". The Kaped Keynesian Krusader went on to note that "a recession is when things are going down but a depression is when things are down" and suggests an Obama campaign slogan "It's Not As Bad As The Great Depression"


Krugman 3   MSM 0

Tue, 06/19/2012 - 20:30 | 2541399 P Rankmug
P Rankmug's picture
The way establishment economics works is with each new failure of bastardized Keynesianism, known as neo-Keynesianism, a new academic theory is concocted to explain the previous failure. Eventually it becomes like a patient given a new pill to counter the side effects of the previous pill, which counters the previous pill, etc. ad infinitum until the patient dies. That is how the economics profession ends up with the Phillips curve, MMT, monetarism, NAIRU, species-price-flow mechanism, money multiplier, funds rate targeting, liquidity trap, demand stimulus, irrational exuberance, etc and token Nobel Prize winners like Paul Krugman to justify the nonsense to the masses. 
Tue, 06/19/2012 - 21:21 | 2541545 A Nanny Moose
A Nanny Moose's picture

Not that dissimilar from geocentricity, flat earth, Iraq+WMD's, etc. High priests concoct convoluted, divinely inspired explanations, when evidence challenges prevailing "wisdom." Those who disagree are simply declared heretics or witches. The rest are threatened with the wrath of God. Status quo is maintained.

BTW: Where the F was Kruggybear when Bush was spending like a drunken sailor? No offense to sailors....drunk, or otherwise.

Tue, 06/19/2012 - 21:28 | 2541569 disabledvet
disabledvet's picture

but i told me mum i was just playin' with the cat again. How'd you find out?

Tue, 06/19/2012 - 21:48 | 2541617 mcguire
mcguire's picture

@ 3:52 where they say they are both in the 1%, cobert says 'hey secret handshake', and then they actually do the masonic handshake...  in your face... 

krugman is not a man, he is a characterture...  

Tue, 06/19/2012 - 23:46 | 2541950 financial apoca...
financial apocalyptic contagion's picture

the masonic handshake?


idk supposedly they gotta place the thumb on the knuckles and it looks like they did, but come on, national television?--- probably just a coincidence

Wed, 06/20/2012 - 00:28 | 2542041 knukles
knukles's picture

That is no coincidence.

Wed, 06/20/2012 - 01:00 | 2542098 mcguire
mcguire's picture

thanks for that screenshot!  lol!!! 

it is so mockingly 'in your face'... 

reminds me of this picture:  

bush throws the 'hail satan' at the 9/11 ceremony.. 


Wed, 06/20/2012 - 06:56 | 2542394 financial apoca...
financial apocalyptic contagion's picture

my housemates love Krugman, one of them would even suck his socialist dick in a heartbeat and quotes his articles from the NYtimes

WTF Krugman is a shill who needs to be bound, gagged and forgotten


Tue, 06/19/2012 - 22:23 | 2541715 Stimulati
Stimulati's picture

Funny how you guys think Milton Friedman's monetarism is the same as Krugman's modern Keynesianism.  The former is what is in effect and the latter is not.  If you don't know the difference then maybe this debate is over your head.

Tue, 06/19/2012 - 20:52 | 2541462 Eireann go Brach
Eireann go Brach's picture

Why no one has Lynched this pathetic little bastard yet is one of lifes mysteries!

Tue, 06/19/2012 - 20:55 | 2541473 nmewn
nmewn's picture


Tue, 06/19/2012 - 21:23 | 2541552 A Nanny Moose
A Nanny Moose's picture

Because he is so pathetic, he is not worth the wear and tear on the implements of corporal punishment.

Wed, 06/20/2012 - 00:27 | 2542037 TBT or not TBT
TBT or not TBT's picture

Who wants that stuff smeared on their rope?      Rope being a trade good in the new paleo economy resulting from this twit's recommended solutions, following a bit of a die off.

Tue, 06/19/2012 - 21:21 | 2541486 vast-dom
vast-dom's picture

worse than a fucking hack. one question and he's checkmated: how can you call this a depression when, thanks to the illegal fed, we have indexes melting up so very high? 


how to end the depression? let me give you the answer in broad strokes in quite a bit less than the length of a book: lose the fed and allow markets to set interest rates, stop subsidizing the TBTF institutions and let them fail, regulate the most egregious market transgressions (e.g. JPM's derivative hedges of hedges to the Nth), allow markets to determine real estate values and not shelter toxic mortgages and allow the global financial purge come as it may. a gold standard may also be created, but the key is to free the free markets from central planning and of course set fair progressive taxes, if you even must have taxes (gov can print for basic services, issue limited bonds, cities and states have other tax revenues, etc.). 


in light of what is transpiring the above solution is anything but radical. oh yeah and if we rely on the government to juice unemployment, then we are beyond delusional, as clearly Krugman is. instead of relying on this grand diseased inept babysitter gov state, we need to get this incompetent caustic system overhauled asap!


krugman + obama = zero credibility nobel.

Tue, 06/19/2012 - 21:30 | 2541574 A Nanny Moose
A Nanny Moose's picture

Colbert establishes Kruggybear's value 0:10 into the video.

"That's the same number of his books I haven't read."

Tue, 06/19/2012 - 21:39 | 2541595 vast-dom
vast-dom's picture

true. but it could have been quite amusing if he actually skimmed say the most recent one and decimated him on his erroneous econ.

Tue, 06/19/2012 - 23:32 | 2541906 williambanzai7
williambanzai7's picture


Krugmanism is the problem. The state of denial that fails to acknowledge that the whole economic system, not just the left or right side of it, has become one big cesspool.

Wed, 06/20/2012 - 04:02 | 2542297 Rogue Trooper
Rogue Trooper's picture

WORD wB7... great too see your recent rating/fame on the that 'Huff_Poo' blogger/terrist list.... you're a certified steely eyed <target>TPTB missle man!

... keep it going... the ZH bitchezs are with ya!


Wed, 06/20/2012 - 03:52 | 2542282 Rogue Trooper
Rogue Trooper's picture

I would so like to have some time with Krugman in room 101..... it would take months.

Apologies to the 'more sensitive' of the new ZH crowd for getting so 'personal' about this  f*ckin' c*nt!

He really would be first on MY LIST....

Tue, 06/19/2012 - 20:10 | 2541313 DoChenRollingBearing
DoChenRollingBearing's picture

It's all George Bush's fault!


Tue, 06/19/2012 - 20:18 | 2541345 carbonmutant
carbonmutant's picture

I was going to give you a thumb's up but I didn't want to leave the wrong impression....

Tue, 06/19/2012 - 20:20 | 2541356 ZeroPower
ZeroPower's picture

Nobama '12

Tue, 06/19/2012 - 20:40 | 2541430 TheSilverJournal
TheSilverJournal's picture

Let's get Obama in there!

This thing is going to come crashing down quick, so it might as well be on Obama!

Tue, 06/19/2012 - 21:05 | 2541510 Michael
Michael's picture

Lets play a game shall we?

Lets name the strategy whereby the Ron Paul Crew and independants all vote for OBAMA, so the Democrats get an equal share of the blame for the complete and total economic collapse of the USA.

I'll go first;

The Ron Paul Crew Put.

Tue, 06/19/2012 - 21:23 | 2541553 TheFourthStooge-ing
TheFourthStooge-ing's picture

The Fucked Fuck the Fucking Fuckers.

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