Monday, June 4, 2018

Krugman's comeuppance

SARAH SANDERS SLAPS PAUL KRUGMAN FOR ‘GREAT RECESSION’ PREDICTION UNDER TRUMP

White House Press Secretary Sarah Huckabee Sanders once again took aim at New York Times columnist Paul Krugman for predicting global recession under the Trump administration.

The White House frequently has made fun of Krugman for his November 2016 prediction that “if the question is when markets will recover, a first-pass answer is never.”
The Nobel Prize-winning economist continued: “Putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world’s most important economy would be very bad news. What makes it especially bad right now, however, is the fundamentally fragile state much of the world is still in, eight years after the great financial crisis.”

Sanders linked to a New York Times article with the headline “We Ran Out of Words to Describe How Good the Jobs Numbers Are” and referenced the significant drop in the unemployment rate under the Trump presidency.

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