Here is how economist Paul Krugman, who is retiring from the New York Times, predicts history will judge Joe Biden’s presidency:
Here’s the deeply unpopular opinion that will, I think, become orthodoxy a few decades from now, which is that Biden and his team actually managed the economy extremely well…
Obama went too soft, too weak on the economy in 2009…And Biden said they understood”… that they really had one shot at taking strong measures. And so… they spent a lot of money, which temporarily boosted inflation, although in the end, cumulative inflation in the U.S. is similar to that — of the whole rest of the world.
This is a repeat of the left’s fairy tale that the reason Obama was a failed president is that he “only” spent and borrowed $800 billion in his stimulus plan. It was too SMALL, says Krugman. So then, Biden took Krugman’s advice and spent four times more – which plunged the middle class underwater.
How does Krugman explain the Trump election? You will love this:
If you look at who voted which way in the election, basically people who pay attention to the news supported Harris by a strong margin, and people who don’t supported Trump by a strong margin.
Apparently, Americans were just too stupid to appreciate the Biden presidency, and if only they would read the New York Times, they would recognize how “extremely well” he managed the economy.
Thanks to our friends at Media Research Center for again highlighting the Krugman arrogance.