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.



Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 06/19/2012 - 22:11 | 2541674 bonderøven-farm ass
bonderøven-farm ass's picture

Hasten the collapse......Republicrats 2012.

Tue, 06/19/2012 - 22:21 | 2541709 TheSilverJournal
TheSilverJournal's picture

The collapse is coming at the same speed no matter what. 2013. Both Romney and Obama will bailout to the max. No Difference.

The only question is who do you want to take the blame?

Tue, 06/19/2012 - 23:28 | 2541886 ZeroAvatar
ZeroAvatar's picture

Well, in THAT case, OBAMA! Of course!

Tue, 06/19/2012 - 21:28 | 2541568 TheSilverJournal
TheSilverJournal's picture

What's your grand plan genius? Print more money?

Tue, 06/19/2012 - 23:53 | 2541965 palmereldritch
palmereldritch's picture


Tue, 06/19/2012 - 20:40 | 2541427 junkyardjack
junkyardjack's picture

Well George Bush was the country's first President ever.  All problems were started by him...

Tue, 06/19/2012 - 20:11 | 2541319 ragequit
ragequit's picture

Ireland is America's future. No ifs.

Tue, 06/19/2012 - 23:29 | 2541893 ZeroAvatar
ZeroAvatar's picture

Ireland MAY have a future. America has none.

Tue, 06/19/2012 - 20:11 | 2541320 Grug
Grug's picture

Sad thing is a ton of people probably believe Krugmen


Tue, 06/19/2012 - 20:30 | 2541393 xela2200
xela2200's picture

Why shouldn't they. It is what they want to hear. Just spend more money and hire more people. Then, push a button, and we are back. No pain.

Nobody wants to hear the truth. That it would take at least a decade of pain to put the house in order.

Tue, 06/19/2012 - 22:56 | 2541788 Jena
Jena's picture

Reading the comments after the Huffpo article that listed Tyler/ZeroHedge and Banzai among The 25 Most Dangerous People In The Financial Media, I was struck by the number that were outraged that Krugman was not listed among them -- let alone at the top of the list.  

So yeah, weird as it seems a lot of people believe what Krugman says.

Tue, 06/19/2012 - 23:11 | 2541828 TheFourthStooge-ing
TheFourthStooge-ing's picture

Jena said:

So yeah, weird as it seems a lot of people believe what Krugman says.

Therein lies his danger.

Tue, 06/19/2012 - 23:27 | 2541883 Jena
Jena's picture

4th Stooging said: Therein lies his danger.


It does make me think about Geek Girl's comment on WmBanzai's LiViN' IT UP AT THe HoTeL NeiN... yesterday about using "dangerous" to describe that group of clear-thinking and -talking people when others like Krugman and the other financial terrorists who enslave the people through advocating and enacting bad policy are not called out.  


Seeing him yuk it up on Colbert looking like a little marsupial while remembering he'd like us to be in WWIII to shake us out of this economic mess pisses me off because I don't think that people really understand the ramifications of what he really wants.







Tue, 06/19/2012 - 23:46 | 2541951 TheFourthStooge-ing
TheFourthStooge-ing's picture

Jena said:

Seeing him yuk it up on Colbert looking like a little marsupial while remembering he'd like us to be in WWIII to shake us out of this economic mess pisses me off because I don't think that people really understand the ramifications of what he really wants.

Yep. If not for the number of people that put faith in his "expertise" he'd be just another pontificating crank.

Hell, if Krugman started ranting about an incoherent economic postulate that he called "US citizenism", he'd win another Nobel Economics Sweepstakes Award.

Tue, 06/19/2012 - 23:32 | 2541905 ZeroAvatar
ZeroAvatar's picture

Why is everyone suddenly trying to get ZeroHedge hits over at Obama Pickle Smoking Huffpo?  I've noticed an increase lately.

Wed, 06/20/2012 - 09:23 | 2542844 Winston Smith 2009
Winston Smith 2009's picture

That list is missing a very valuable contributor to economic truth, probably one of the very best, Russia Time's Capital Account program on Youtube.  Intelligent, detailed interviews where the beautiful host asks the right questions every time.  Much better than the Keiser report for serious analysis and free of Max's often stupid hyperbole which damages his credibility with mainstream audiences when it is those audiences, not us, who need a waking up.

Tue, 06/19/2012 - 20:29 | 2541395 knukles
knukles's picture

The other Sunday morning here in the Land of Drive-In Churches and Sunday liquor sales, I was standing in line at my local Supermercado waiting to check out, enjoying a thumbing of the National Enquirer when the fellow behind me with only a Sunday NY Times in his hand says to me: "Don't you just love it? I can't wait till Sunday when I can get my New York Times."
I responded; "I'm always curious for a dose of Communist Propaganda."

He got mad.

Ah, life and times in Sunny California.

Tue, 06/19/2012 - 21:39 | 2541594 TheFourthStooge-ing
TheFourthStooge-ing's picture

knukles said:

The other Sunday morning here in the Land of Drive-In Churches and Sunday liquor sales

Centerville, a real nice place to raise your kids up.
Centerville, it's really neat.
And liquor stores.
Bowling alleys, just like Glendale.
Look, over there, it's a rancid boutique!

Tue, 06/19/2012 - 22:37 | 2541744 mjk0259
mjk0259's picture

Your enjoyment of National Enquirer explains why you wouldn't like NY Times , propaganda or not they write some pretty good stories. And sometimes they are not the same ones every week with a different person pregnant/divorced/cheating like in National Enquirer.



Wed, 06/20/2012 - 00:30 | 2542046 TBT or not TBT
TBT or not TBT's picture

In the non-global warmening sections of the science departments, sure they write a few good articles.  Elsewhere, bah!

Wed, 06/20/2012 - 02:56 | 2542220 Offthebeach
Offthebeach's picture

NYT? You tell me the subject, I'll write the story. Same Yupper West Side drivel for the last 50 years. The WSJ has better quality features now.. I love telling lefties it outsellls Carlos Slims rag 2 to 1.

Tue, 06/19/2012 - 20:14 | 2541329 Bazza McKenzie
Bazza McKenzie's picture

The US will certainly be Greece if Obama is reelected.  So Krugman is boosting Romney, perhaps unintentionally.

Tue, 06/19/2012 - 22:38 | 2541748 mjk0259
mjk0259's picture

Greece? You mean 17 other countries are going to bail us out while we do hardly any work? Vote Obama!


Tue, 06/19/2012 - 20:17 | 2541336 francis_sawyer
francis_sawyer's picture


Umm... I'll take IRELAND...

Tue, 06/19/2012 - 20:20 | 2541359 francis_sawyer
francis_sawyer's picture

==> Gimme IRELAND

==> Gimme ISRAEL

Wed, 06/20/2012 - 00:51 | 2542082 LowProfile
LowProfile's picture

===> Gimme ICELAND


Tue, 06/19/2012 - 20:15 | 2541337 caimen garou
caimen garou's picture

he looks like something that came out of bernake s ass, fucking rat

Tue, 06/19/2012 - 22:21 | 2541710 TrainWreck1
TrainWreck1's picture

A Krugerroid?

Tue, 06/19/2012 - 23:13 | 2541834 TheFourthStooge-ing
TheFourthStooge-ing's picture

Long Preparation K.

Tue, 06/19/2012 - 20:17 | 2541338 Yen Cross
Yen Cross's picture

 Krugman? I thought your time in the barrel was over?  ...

Tue, 06/19/2012 - 20:19 | 2541349 pragmatic hobo
pragmatic hobo's picture

given the choice of romney and obamma ... I say obamma seem like a better choice. Who knows? with no re-election hanging over him he actually might try to do what he said he would do 4 years ago.

Tue, 06/19/2012 - 20:26 | 2541367 Beam Me Up Scotty
Beam Me Up Scotty's picture

Like you mean really wreck the country?  Actually, we need to just let the Democrats win the whole thing.  House, Senate, WH.  Have it your way you whiney little babies.  Then we can really see how great their ideas were.  There is never enough spending for the Democrats.  So spend whatever you really think should get everything "back to normal".  See where that lands us.....

It never ceases to amaze me how they complain about Bush.  Yet they want Obama to double down, triple down, and quadruple down or more on just about everything Bush stood for.  Bush spent too damn much money, yet they want Obama to spend 3x more.  Its like they hated Bush, yet love Obama who is like Bush cubed.

Tue, 06/19/2012 - 20:46 | 2541448 GasPump
GasPump's picture

I've been saying the same thing for the past 2 years. Let em have the whole damn govt. and it will ensure that these do-nothings never get into power again...for a while atleast 

Tue, 06/19/2012 - 21:42 | 2541600 Imminent Crucible
Imminent Crucible's picture

Let them have the whole damn government? Within two years, people would be tunneling under the fence into Mexico. The rich would be flying to North Korea.

Tue, 06/19/2012 - 23:24 | 2541869 prodigious_idea
prodigious_idea's picture

And the senseless checking of voter registration cards continues.

Wed, 06/20/2012 - 00:35 | 2542051 TBT or not TBT
TBT or not TBT's picture

Problem. With. That.  ===>   Once they've got the Supreme Court they want, we'll never get the Constitution back again.   

We're hanging by a thread already as it is, with initials odds on monstrosities like Obamacare's individual mandate split 5-4, whereas it is obviously a 9-0 thing, and should have been back in FDR's time too.    It is called the Commerce Clause, interstate that is, not the Top Down Central Planning Clause.

Tue, 06/19/2012 - 21:05 | 2541505 El Oregonian
El Oregonian's picture

They already had it from 2008-2010 and they screwed it up even worse, remember? My new motto is: "If they can't trusted then they must be flush'ded"

Tue, 06/19/2012 - 22:43 | 2541762 Cloud9.5
Cloud9.5's picture

Didn't the Democrats control both houses in Obama's first two years.   Why didn't it all get solved then?

Wed, 06/20/2012 - 00:36 | 2542052 TBT or not TBT
TBT or not TBT's picture

The same two houses got a head start screwing things up in the last two years of Bush's last term.

Tue, 06/19/2012 - 20:32 | 2541396 Yen Cross
Yen Cross's picture

Pragmatic Hobo?   As in basement baby, that writes code?

  Go to the park next to an Airport, and befriend a pilot, who (intern/inturn) , knows a busines owner.

  Get a job and some self esteem! Get it ( Pragmatic Hobo)? Then learn how to design things after you get a education, on the job!

Tue, 06/19/2012 - 22:30 | 2541731 Everybodys All ...
Everybodys All American's picture

If you have not figured out that you voted for a radical liberal (maybe your good with that) by now your hopeless.

Wed, 06/20/2012 - 01:16 | 2542122 malek
malek's picture

 I say obamma seem like a better choice. Who knows? with no re-election hanging over him he actually might try to do what he said he would do 4 years ago.

Or if that doesn't work, maybe if we make him dictator for life he actually might try to do what he said he would do!

Tue, 06/19/2012 - 20:19 | 2541351 Beam Me Up Scotty
Beam Me Up Scotty's picture

Can someone just punch Krugman in the mouth already?  That might shut him up for a few minutes.

Tue, 06/19/2012 - 22:26 | 2541721 Atlas Shrugging
Atlas Shrugging's picture

Reminds me of a joke:

Q.  How do you get a clown to quit smiling?

A.  Hit him in the face with an axe!

Tue, 06/19/2012 - 20:20 | 2541353 Bay of Pigs
Bay of Pigs's picture

I'd rather look like Iceland Krugtard

Tue, 06/19/2012 - 20:20 | 2541355 carbonmutant
carbonmutant's picture

Krugman is a cartoon character like Eric Burnett...

Wed, 06/20/2012 - 00:38 | 2542056 TBT or not TBT
TBT or not TBT's picture

Krugman may indeed have boobs.  Can't tell for the tweed though.

Tue, 06/19/2012 - 20:20 | 2541358 Kayman
Kayman's picture

In the 1930's America had industry and people were proud to work for a living.  In 2012, thanks to Krugman, Bernanke and the rest of the Financialization Criminals, America has Welfare, Crime, and Chinese imports.

Is there a problem with that ? Fuck no, says Paul.

As soon as the Iran thing warms up, China is going to repatriate Taiwan.  Then we will rue the day America built the Chinese Frankenstein.

Tue, 06/19/2012 - 20:24 | 2541368 Rentenmark
Rentenmark's picture

Krugs is obviously right, he won a nobel peace price in economics.  Only the best and brightest win those prizes ya know...

Tue, 06/19/2012 - 21:54 | 2541634 Bollixed
Bollixed's picture

I got mine in a Cracker Jacks box...

At least I had to actually do something like 'open the box' to earn it.

Do NOT follow this link or you will be banned from the site!