Sunday, April 22, 2012

Paul Krugman, "The Amnesia Candidate": Who Is Suffering from Amnesia?

In his New York Times op-ed "The Amnesia Candidate" (http://www.nytimes.com/2012/04/23/opinion/krugman-the-amnesia-candidate.html?_r=1&smid=tw-NytimesKrugman&seid=auto), Paul Krugman begins by asking, "how stupid does Mitt Romney think we are?" and proclaims:

"Mr. Romney constantly talks about job losses under Mr. Obama. Yet all of the net job loss took place in the first few months of 2009, that is, before any of the new administration’s policies had time to take effect."

"[A]ll of the net job losses took place in the first few months of 2009"? Have a look at a chart prepared by FactCheck (http://www.factcheck.org/2012/04/obamas-war-on-women/).

Actually, job losses extended beyond "the first few months of 2009" and continued throughout the first year of Obama's presidency. Yes, job losses were most precipitous during the first six months of Obama's presidency, but continued for another six months.

Obama indeed inherited from Bush an economy that was spiraling downward, on the other hand, as acknowledged even by Krugman, the Obama "administration has suffered repeatedly from complacency."

Romney is the "amnesia candidate"? If you have a minute and can use a laugh, check out Obama without a teleprompter: http://www.youtube.com/watch?v=24vRyrjiD2Q&feature=related

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