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Krugman writes: "And let nobody accuse the austerians of lacking a sense of romance; in fact, they've spent years looking for Mr. Goodpain."

New York Times columnist Paul Krugman. (photo: NYT)
New York Times columnist Paul Krugman. (photo: NYT)


Looking for Mister Goodpain

By Paul Krugman, The New York Times

01 February 13

 

hree years ago, a terrible thing happened to economic policy, both here and in Europe. Although the worst of the financial crisis was over, economies on both sides of the Atlantic remained deeply depressed, with very high unemployment. Yet the Western world's policy elite somehow decided en masse that unemployment was no longer a crucial concern, and that reducing budget deficits should be the overriding priority.

In recent columns, I've argued that worries about the deficit are, in fact, greatly exaggerated - and have documented the increasingly desperate efforts of the deficit scolds to keep fear alive. Today, however, I'd like to talk about a different but related kind of desperation: the frantic effort to find some example, somewhere, of austerity policies that succeeded. For the advocates of fiscal austerity - the austerians - made promises as well as threats: austerity, they claimed, would both avert crisis and lead to prosperity.

And let nobody accuse the austerians of lacking a sense of romance; in fact, they've spent years looking for Mr. Goodpain.

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-56 # MidwestTom 2013-02-01 12:04
It is not austerity, but Iceland let their highly leveraged banks fail, and guess what; their economy is picking up steam. Krugman is in the pocket of the big banks who profit the most when we print money for the banks to loan to the sheeple.

Tp get the economy going the government should force the banks to loan the money in small loans at interest rates of no more than 1/4% over what they are paying for the money. By small lots I mean loans of no more than $1.0 million to any one borrower.

The other; instead of buying $85 Billion per month of bonds with newly created funds, , they should simply take two months of the new money and refund everyones taxes from last year. That would stimulate the economy for sure, but it will never happen because the NYC bankers wouldn't make any money.
 
 
+78 # BradFromSalem 2013-02-01 13:04
Tom, Krugman said nothing of the sort. He only said that Iceland took a different track. Which is exactly what they did.
 
 
+68 # wilkinsb 2013-02-01 13:18
Krugman is anything but in the pockets.
He constantly points out what is wrong with the big banks and their cronies in the white house.
Iceland is following the Kind of advice that is advocated by Krugman, stiglitz and Reich

Quoting MidwestTom:
It is not austerity, but Iceland let their highly leveraged banks fail, and guess what; their economy is picking up steam. Krugman is in the pocket of the big banks who profit the most when we print money for the banks to loan to the sheeple.

Tp get the economy going the government should force the banks to loan the money in small loans at interest rates of no more than 1/4% over what they are paying for the money. By small lots I mean loans of no more than $1.0 million to any one borrower.

The other; instead of buying $85 Billion per month of bonds with newly created funds, , they should simply take two months of the new money and refund everyones taxes from last year. That would stimulate the economy for sure, but it will never happen because the NYC bankers wouldn't make any money.
 
 
+57 # propsguy 2013-02-01 14:19
tom, what article did you read? dr krugman has always applauded the icelandic approach. he said iceland did something different- they didn't go with austerity- and guess what, it worked
 
 
+20 # CAMUS1111 2013-02-01 14:59
@MidwestTom--yo u are really quite delusional, aren't you? Way to go!
 
 
+11 # DPM 2013-02-01 15:17
Unfortunately, the government can't force the banks to do anything, because the "government" IS the banks.
MT, I think you have a couple of good idea's, but I don't know that Krugman is too far off the mark. For the economy to recover, unemployment must come down. Business won't hire until demand is up and wages will continue to fall as long as there are so many unemployed or under-employed. Any way you cut it, government, if we had an independent one, would have to step in.
As for the debt. Democrats should curb future spending and the Republicans should stop making an issue out of paying for what they have already spent. What novel idea's!
 
 
+9 # EPGAH3 2013-02-01 19:01
Since they were too big to fail, we should've let them fail, survival of the least incompetent, right? That WAS the original promise of deregulation, remember?
 
 
+9 # m... 2013-02-01 19:16
I am not sure if you simply lack awareness or you 'conveniently' left out some other facts.
Iceland did rightfully allow failed banks to basically remain failed. But their banks were nowhere near the size of major Wall Street 'Banks' both in dollars and in relation to Iceland's Economy. They were actually not 'too big to fail' by such measures.
And
Iceland also realized that their consumers-in-ge neral were indeed too big to fail and so, they greatly increased their social welfare spending right along with their austerity efforts, which kept money circulating in their economy instead of fat in the pockets of the wealthy corporatists who drive the politics of austerity.
I agree with 'too big to fail' concepts. Allowing 'too big to fail' institutions to simply fail and fall like big black holes right out of an economy is a recipe for economic catastrophe.
Having said that, I also believe that the underlying 30 years of rampant and relentless Corporate-Conse rvtive Deregulation Schemes on behalf of financial institutions in America is what led to the existence of 'too big to fail' situations in the first place and it IS the underlying cause of the economic debacle that engulfed the world.
I also agree with Krugeman's austerity views on the very simple grounds that there is nothing larger than the ultimate 'Too Big To Fail' group--> THE AMERICAN CONSUMER.
Followed in size by European Consumers in our vastly connected world.
 
 
-31 # BradFromSalem 2013-02-01 12:31
The real reason the Austerians rule is very simple. It works very well. Yes, it is true, austerity is actually an unqualified success. Ok, maybe there are a few qualifiers. For example, if you ignore the unemployment rate, then austerity is truly the solution. But lets not forget that it is impossible to have economic success when you are handing out pensions, social security benefits and giving away health care. So, naturally ignoring how individuals fare when they no longer have these freebies will demonstrate how delightful it is to live under the umbrella of austerity. From all that I understand about it, during a prolonged period of austerity any wealth in the economy that is not being wasted in giving people phony "make work" jobs like redesigning and building new bridges so they don't fall down and other draining boondogles goes to those that have created that island of wealth. These are the people we can count on to safely hoard, whoops, I mean hold on to that wealth until the nation has a balanced budget. In America, the reason the unemployment rate spiked upward to 7.9% was not because more people were looking for work, the reason is that Obama raised taxes on the rich. They have been unable to hold on to all their well earned money, and the results are just begining to show. Long live Austerity, give everything you have to the rich! What the heck, you don't actually own it anyways!
 
 
+25 # maddave 2013-02-01 14:21
At this instant, BradFromSalem, you have exactly zero "thubs". No ups and no downs. However, within no mote than seconds - minutes at most - you will commence to accumulate a plethora of the dreaded red downies. . . . and deservedly so, because you chose to incorporate (dare I even utter the word?) satire in our comment.

In the real world, Brad, over a billion beneficiaries of various austerity programs have banded (some say "huddled") together in "low cost suburbs" (others say "hopeless slums") surrounding such cities as Mumbai, Karachi, Mexico City, Cape Town, Nairobi, Boagta, Baghdad, Venezuela and Ghana.

These economic, architectural and cultural achievements are examples of what we Americans could achieve - even, in time surpass - if we were to put our minds to it; elect more tea-baggers; and implement the stringent austerity programs which the US-controlled IMF and World Bank impose on indigent debtor nations around the globe.

P. S. Austerity produces its very best and most spectacular results when implemented in 100% deregulated ,"business-frie ndly" economic environments.
 
 
-18 # EPGAH3 2013-02-01 19:00
There's a shortcut to becoming one of these hopeless slums: Let in people from these selfsame slums and encourage them to make themselves at home in a better country! In no time, they will convert good safe neighborhoods into warzones. Make sure you're in a Gated Community before you open the floodgates, lest you be dragged down too!
 
 
+15 # maddave 2013-02-02 05:24
No, EPGAH3, we won't have to import a single soul to accomplish your sick objetive . This country already has sufficient numbers of shortsighted troglodytes --- all sharing your enlightened socioeconomic attitude --- to produce the intense poverty, slums and, ultimately, bloodshed, that are the inescapable end points of our government's emphasis on guns and corporate profits over butter, jobs and education.

And for info, Mr.MENSA, it ain't the poor who are dragging the rest of us to their unfortunate level: it's the greedy 1% that is pounding the rest of us down into the mud.
 
 
+4 # Mannstein 2013-02-02 10:20
A Gated Community with security guards is not going to save you. People will come over the wall. Besides once in a while you'll want to leave the "safe" enclave unless of course living in a prison appeals to you.
 
 
+10 # BradFromSalem 2013-02-02 09:50
maddave,

I pretty much expected the negative response. It amazes me how hard it is for some folks to recognize sarcasm. I had hoped I gave it away early when I first said austerity was an unqualified success then went on to qualify it's success.

OK, all you folks out there that believed my sarcastic post owe me a big apology, about $100 per apology seems about right. But, if all you can afford is to say your sorry, I guess I will have to accept that to.

Happy Groundhog Day!
 
 
+13 # propsguy 2013-02-01 14:22
brad, really? unemployment is up because Obama raised taxes on the rich? can you explain why it was up last year and the year before that and the year before that when the Bush tax rates were firmly in place? it's not as though unemployment was low and it suddenly went up last week.
go read some history. see what the unemployment rates were when the top tax rates were much higher than they are now
 
 
-2 # Mannstein 2013-02-02 10:22
Brad still believes in the "job creators" creating jobs.
 
 
+7 # engelbach 2013-02-02 17:55
It was satire. Too subtle for some, but obvious to the rest of us.
 
 
+25 # propsguy 2013-02-01 14:25
and P, no one is "handing out" social security benefits. last time i checked, i paid every week for my social security INSURANCE and when it's my turn to collect, i'll be damned if i'll tolerate anyone referring to me as a "greedy geezer" or my retun n my investment as an "entitlement" or even as a "benefit." i paid for it and don't you forget it!
 
 
+13 # David Heizer 2013-02-01 16:23
Um... that was sarcasm.
 
 
-21 # EPGAH3 2013-02-01 20:01
Obama has already cut Social Security payouts in anticipation of having to payout to greedy illegals' superannuated relatives as well as Americans who have earned it!
YOU paid for it, someone else benefits!
 
 
+15 # m... 2013-02-01 21:54
I'm not sure what you're talking about..
As far as I now...
You have to be an American Citizen to collect Social Security unless you meet rather strict work-visa qualifications while working for an American Employer.
A surviving foreign/nonciti zen spouse of an American or a foreign worker who met the standards mentioned and who paid into the system has to meet residency requirements before they can collect survivor benefits.
I know several Americans married to foreigners who will never collect any Social Security when their husbands pass on because they reside overseas and so, the wives therefore will never meet the residency requirements because it takes several years to qualify and regular time in the Staes afterwards.
I believe they will also not receive their husband's military pension payments either because they are not citizens.

Otherwise, there are a few million legal AND illegal immigrants who pay into the Social Security System every year who will never receive a dime back because of their status.
 
 
+4 # engelbach 2013-02-02 17:58
That's correct.
 
 
+5 # engelbach 2013-02-02 17:57
You can't collect SS if you're here illegally, because you don't have a legal SS account.

In fact, because FICA is automatically deducted, most undocumented workers pay into SS but cannot collect out. So the system actually profits.
 
 
+9 # Mannstein 2013-02-02 10:27
I have paid into SS for 35 years my wife has paid for 40 years that in and of itself gives us Title to the SS "Entitlement".
 
 
+17 # xflowers 2013-02-01 14:45
The money "hoarders" may have a few problems but nothing they can't handle. Electrified fences would keep the angry mobs out of their gated communities, unless, of course, a few good unemployed electricians sabotage their effort. And they will certainly have to order the chauffeur to keep off of "certain" bridges. But you may have inadvertently hit upon the solution for it all: "islands of wealth," not figurative but literal ones. Instead of only stashing their ill got gains on the Cayman Islands, they could take them over. And if they should become over crowded with sprawling estates, they could commandeer a few more islands as well. That would keep miles of ocean between themselves and the people they've dispossessed (except for the servants that is) and they won't have to worry about bridges. Who needs bridges when you have yachts?
 
 
+8 # Smokey 2013-02-01 20:09
[quote name="xflowers" ] "You may have inadvertently hit upon the solution for it all: "islands of wealth," not figurative but literal ones. Instead of only stashing their ill got gains on the Cayman Islands, they could take them over. And if they should become over crowded with sprawling estates, they could commandeer a few more islands as well. That would keep miles of ocean between themselves and the people they've dispossessed (except for the servants that is) and they won't have to worry about bridges. Who needs bridges when you have yachts?"

Hmmmmm.... Sounds like Nantucket. Maybe a few of the other high-priced resort islands. You'll find some of these protected places in Europe, and in the West Indies,and close to the Persian Gulf. Very exclusive, dahling.

In the places that are really exclusive - and protected - most of the servants are seasonal help who live in barracks or the equivalent.

Foreigners are very popular as servants. When they're no longer wanted, send the home. And, of course, it's easy to cheat and manipulate foreign workers. When they complain about working conditions, salaries, etc., round them up for deportation. (Very easy to do, especially if the workers don't have the right papers.)
 
 
+3 # xflowers 2013-02-02 18:56
[quote name "Smokey"]
"Hmmmmm.... Sounds like Nantucket. Maybe a few of the other high-priced resort islands. You'll find some of these protected places in Europe, and in the West Indies,and close to the Persian Gulf. Very exclusive, dahling.

In the places that are really exclusive - and protected - most of the servants are seasonal help who live in barracks or the equivalent.

Foreigners are very popular as servants. When they're no longer wanted, send the home. And, of course, it's easy to cheat and manipulate foreign workers. When they complain about working conditions, salaries, etc., round them up for deportation. (Very easy to do, especially if the workers don't have the right papers.)"

Also known as slavery.
 
 
+10 # maddave 2013-02-01 15:03
Cummon, guys & gals!

Austerity is a smashing success. The results speak for themselves . . . when/where implemented and carried through p-roperly, it has created thousands of billionaires and mega-millionair es. You may even be one of those hard woking, newly affluent entrepreneurs. All things considered, the statistical odds (that you are one of those lucky ones) are one-in 500,000,000 (five-hundred-m illion) , but hat the hell! Somebody' has to win, right?
And why do you think that your chances of being one of the winners are any less than those of the the Ivy League economists and rising stars on Wall Street?
Think positive! The price of good caviar is down to less than $100 and ounce. With austerity, you can make it Baby. ,

Like sex, austerity is dirty only when performed properly.
 
 
+1 # DPM 2013-02-01 15:19
Can I have what you're drinking!
 
 
0 # tbcrawford 2013-02-02 09:08
For the dubious, just visit North Korea
 
 
0 # Mannstein 2013-02-02 10:35
Why go all the way to North Korea, Detroit City is a lot closer.
 
 
0 # Mannstein 2013-02-02 10:16
" giving people phony "make work" jobs like redesigning and building new bridges so they don't fall down "

If building safe bridges a make work program then tell it to the folks that have lost their lives or been injured as a result of unsafe structures. Every bridge or building has a life. For bridges in the Northeast it's typically 30-40 years after which time if they are not rebuilt or properly maintained they becaome an accident waiting to happen.
 
 
+22 # reiverpacific 2013-02-01 13:24
I'm not really qualified to opine on this but I know that my friends back in Blighty have all said that Cameron's tinkering was an unwarranted attempt or return to the polarizing and greed-inspired days of the Thatcher regime.
I just hope that my fellow Brits have the sense to turf him out next election; he has a tiny majority in the House of Commons with the Lib-Dems, never a reliable lot.
Cameron (who ran as a "moderate" then turned coat) and Thatcher could chum along nicely with Cantor, Ryan and their cyphers, including the idiot Tea Buggers.
 
 
+3 # keenon the truth 2013-02-01 17:14
Reiverpacific, I was wondering if you know of anything similar to RSN, which follows UK news, or how you keep in touch with UK news. I am from the UK and live in Tokyo. The BBC has become so saccharine, I hardly have time for it these days.
 
 
+2 # reiverpacific 2013-02-01 18:21
Quoting keenon the truth:
Reiverpacific, I was wondering if you know of anything similar to RSN, which follows UK news, or how you keep in touch with UK news. I am from the UK and live in Tokyo. The BBC has become so saccharine, I hardly have time for it these days.

First off, sorry I hit the red button -I meant to hit the green but my digits are increasingly unreliable (I'm developing essential tremor, which is a right bugger for a Flamenco Guitarist). I would go to "The Independent" website and check them out. They might be a good start. they are certainly anything but saccharine.
I use the BBC as my internet home page as I like to follow rugby and regional affairs but find them very careful and guarded but good on many international affairs you'd never even get a glimpse of in the US. And they are still PBS's main source of international happenings. The "BEEB's" chief US correspondent Mark Mardell is so stilted and status-quo oriented he must have a cricket stump up his keester.
I'm honestly unaware of anything like RSN though, as I often pass this forum on to politically oriented friends in the UK, France and Spain and they are quite impressed, as they tend to associate US news with the major owner-media (plus they get to see some of the reactionary twits who infest the site betimes). Remember though, the BBC has always been a great vehicle for futuristic programming.
Good luck and ""Doumo arigatou gozaimasu ".
 
 
+4 # Smokey 2013-02-01 20:21
[quote name="reiverpac ific"] I know that my friends back in Blighty have all said that Cameron's tinkering was an unwarranted attempt or return to the polarizing and greed-inspired days of the Thatcher regime...."

COMMENT: I thought that some of Cameron's people were trying to take the United Kingdom back to the 1850s. High Church combined with imperialism and raw greed. More smog for London.


"I just hope that my fellow Brits have the sense to turf (Cameron) out next election; he has a tiny majority in the House of Commons with the Lib-Dems, never a reliable lot...."

COMMENT: Yeah, we got some Lib-Dems on the American side of the Atlantic. As you say, "never a reliable lot."

Despite all of its faults, I wish that America had something that looked like the Labor Party in its prime.
 
 
0 # engelbach 2013-02-02 18:00
Amen to that.
 
 
0 # Mannstein 2013-02-02 10:47
Churchill, Winston 1945: "I do not want suggestions as to how we can disable the economy and the machinery of war; what I want are suggestions as to how we can roast the German refugees on their escape from Breslau." Quoted in: Juan Maler, Die Unvollendete, p. 27. Churchill was refering to Dresden.

Inspite of being a war criminal, Thatcher, Bush, and Blair fell over themselves wanting to be Churchillian to justify their own dirty little wars.

Go figure!
 
 
-37 # Robt Eagle 2013-02-01 13:39
Brad, is it time for this economy to be under Obama's watch yet??? or are we still blaming GW Bush? Seems Obama has done nothing to get jobs going. What do you expect the economy to do but falter. Who does he blame now?
 
 
+24 # DPM 2013-02-01 15:25
The wealthy are doing very well. The stock market is up. Business profits are at all time highs. None of the Wall Street "criminals" have been brought to justice. Aren't these all things that Fox and the GOP said wouldn't happen under this administration? I'm not happy about a lot this president is and has done, but it looks as though his loudest detractors should find something factual to rant about.
 
 
+3 # reiverpacific 2013-02-01 18:31
Quoting DPM:
The wealthy are doing very well. The stock market is up. Business profits are at all time highs. None of the Wall Street "criminals" have been brought to justice. Aren't these all things that Fox and the GOP said wouldn't happen under this administration? I'm not happy about a lot this president is and has done, but it looks as though his loudest detractors should find something factual to rant about.

Actually this from the BBC today. http://www.bbc.co.uk/news/business-21294084. Eat yer hearts out reactionary, ignoramus Obama-haters
 
 
+7 # maddave 2013-02-01 15:26
Give it a rest, OK? We won, you-all lost and if Obama were white, your clown-car-crash candidates would have been lucky to carry even one state . . .
New subject: I asked you before, with no answer: what was your son's - the SEAL 's - BUDS Class? Nobody doubts your claims, but in this day of cheap talk and legal "Stolen Valor", it doesn't hurt to check our bona fides.
 
 
+12 # David Heizer 2013-02-01 17:29
What would you propose, that Congressional Republicans would support? They won't even accept tax cuts if Obama is the one to propose them! They most certainly are not going to go along with another round of stimulus spending (which is what is needed to revive the economy).

The economic disaster was the result of the Republicans' passion for deregulation. It is senseless to blame Obama for the Republican-domi nated House's obstinacy at cleaning up their mess. The Republican political strategy is to refuse to cooperate, then point the finger when nothing can get done.

If Obama *were* to figure out a way to stimulate the economy by executive order, the Right would scream, "Tyrant! Dictator!"
 
 
+5 # BradFromSalem 2013-02-02 10:03
Mint the damn Coin, pay off the debt. The President can do this without Congress since they have already authorized the spending.
 
 
+3 # BradFromSalem 2013-02-02 10:01
Where did you get that I am blaming President Bush. And if you really want to blame Obama, why not allow his jobs agenda (yes he had/has one; read the newspapers) to pass, then; if it failed you have every right in the world to blame him. If a batter is given an intentional walk, you cannot blame him for not hitting a homerun.
 
 
-2 # engelbach 2013-02-02 18:04
If Obama were serious, he would not take the GOP defeat of the American Jobs Act lying down. He'd be crusading across the airwaves to shame the opposition into supporting it.

It was a half-hearted bill, just like he 2009 stimulus, but at least it stood for what was needed: government investment in the country's future.

I don;t blame Obama for losing that fight -- just for not continuing to fight. And with his dismal record on war, civil liberties, and staffing his camp with Wall Street apologists, it's impossible to believe he's anything but a corporatist.
 
 
+16 # angelfish 2013-02-01 14:22
Unwilling or, more likely, UNABLE to learn from History, the "Austerians" will continue to throw us under the Bus and blame this Administration. The incompetence of the "shrub" and his Cabal of like-minded Loons, dug the HOLE we are in, spending us into Two (2) UNPAID for Wars, as well as OTHER costly mistakes, then blithely handed it off to the new Administration. It has been Four (4) LONG years that the ReTHUGlicans have SAT on their hands REFUSING to work with this President to solve ANYTHING. Lately, they have VICIOUSLY turned on their OWN Colleagues appointed to High Government Positions and remain Focused on the Righteousness of THEIR positions and the "wrongness" of EVERYONE else's! Focused on stricter abortion restrictions, the right of EVERYONE to carry Assault Weapons, ad infiniti, rather than dealing with the tough issues of the day that confront us all. WHERE are the Jobs, Mr. Boehner? Repeal Citizen's United and begin to ADDRESS Gun Control and revamping the Banking Industry. DO YOUR JOBS! Americans go to work EVERY day and DO theirs, they work Five (5) and Six (6), maybe more, days a week. WHERE is YOUR Work Ethic, working sometimes less than Two (2) days a week? You sorry sacks of ectoplasm haven't earned your keep in DECADES! Listen to the people who KNOW about Economics and what has and has NOT worked in the past. If you look at your Track Record, you SHOULD let someone with a modicum of Smarts and success on the subject try a NEW approach!
 
 
+4 # DPM 2013-02-01 15:32
angelfish-I gave you a "thumbs up" because I agree with you, but don't rely on this administration to do the right things. It has proven to be a huge disappointment and "spinning" everything they do wrong is a mistake. If you are going to use the argument, "They are the lesser of two evils.", remember, being killed by a shot in the face by an enemy leaves you no more dead than a shot in the back by a friend.
 
 
-9 # robcarter.vn 2013-02-01 17:50
Right Krugman says "I'd like to talk about a different but related kind of desperation: the frantic effort to find some example, somewhere, of austerity policies that succeeded." here then:-

1/ Keynesian Austreity, can be simultaneously executed with Stimulus for "Trickle up" Not the "trickle down" of bribed econ. experts working both sides. Recent USA Deposed expert admitted $3,800/hour fees. Or (50 csuch ases on file).

But I suspect this idiot Krugnam a wolf in sheeps clothing in the henhouse left, chortelling 'trickle down' for profit to their 1%'er clients.

2/ PRC is doing this this year's budgets, as Australia did with REDS scheme of the 1969-75's. Take people from the Unemployment welfare bill, pay them cents more as labor humans, for infrastructure projects cleaning up the past sins, using Local Governments engineers FOC, very low machine & material cost and no profit to Subcontract 1%'ers revenue collection of hoards.
See: REDS Reports Australian Govt. 1977. http://trove.nla.gov.au/work/27188810?q=Regional+Employment+Development+Scheme&x=125&y=18&c=book&versionId=32768258

I have long worried who's side Krugman is really on, better rely on Robert Reich for truth of economics.
See:- http://www.cmra.com/litigation.php
 
 
+4 # engelbach 2013-02-02 18:06
You offer neither argument nor fact for your assertion about Krugman.
 
 
-1 # robcarter.vn 2013-02-03 18:02
Thanks I give you proof with Net adress links and you left idiots rate me 7 negatives, I removed 1 to call 6 negatives.

I's broad shoulders and won't cry, so have at me guys ok.

Spell & Typos are because that's all you are worth of my time & input also.
 
 
+7 # dick 2013-02-01 18:48
I do NOT agree with those who wanted Krugman for Treasury Secretary. I want him for President, or benign Emperor.
 
 
+1 # Pickwicky 2013-02-02 14:19
dick--bet Krugman would giggle at "benign Emperor."
 

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