Wednesday, July 09, 2008

Bill O’Reilly takes out Paul Krugman

The Krugman Truth Squad reports that Big Bill took on the distinguished professor and took him out. Donald Luskin on Paul Krugman and Bill O’Reilly on NRO Financial: O'Reilly: ... Mr. Krugman was dead 100 percent wrong in his columns, uh, two years ago when he said the Bush tax cuts would lead to a deeper recession. You can read his book and see how wrong he was. Krugman: Actually, you can read it. I never said that. I said it would lead to lousy job creation. O’Reilly: Column after column after column. You made the point, in your book, okay, that these cuts, these tax cuts were going to be disastrous for the economy. Krugman: Nope ... O'Reilly: They haven’t been. Krugman: Uh, uh, I’m sorry. That’s a lie. Let me just say, that’s a lie. O’Reilly: It’s not a lie. Krugman: It’s a lie. Krugman’s the liar, not O’Reilly. It’s just too bad O’Reilly didn’t have a quotation at hand to prove it. Among dozens of possible examples, Krugman wrote in his April 22, 2003, New York Times column that
Aside from their cruelty and their adverse effect on the quality of life, these cuts will be a major drag on the national economy. … it’s clear that the administration’s tax-cut obsession isn’t just busting the budget; it’s also indirectly destroying jobs by preventing any rational response to a weak economy.

No comments: