Krugman Wins Nobel Prize for Economics
By SilentPatriot Monday Oct 13, 2008 7:54am
Congratulations and very well-deserved.
STOCKHOLM (Reuters) - U.S. economist Paul Krugman, a fierce critic of the Bush administration for policies that he argues led to the current financial crisis, won the 2008 Nobel prize for economics on Monday.
The Nobel committee said the award was for Krugman's work that helps explain why some countries dominate international trade, starting with research published nearly 30 years ago.
UPDATE: You can find some wingnut reactions here.
And here's The Nobel Laureate delivering a lovely smackdown of the clueless Bill O'Reilly.
Jon Perr weighs in: The 2008 Nobel Prizes for Conservatives
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In order for the economy to recover, people have to open their wallets and get financial transactions moving. People can't. Credit is now tightened so borrowing is out of the question. To actually be fiscally conservative now, will result in an even greater recession or depression. What say economists now? Oh ya, bail out the banks and buy up all their liabilities so they can loan to each other. What pray tell will that do? I have a job. I lose my job. I can't afford my mortgage. My property gets repossessed. Now the taxpayer owns it. This helps who?
How about we get off of the dependency of the CREDIT/ DEBT system and back to the good old work for a living, earn a paycheck, spend what you earn, and no more than that. That would solve many problems, including our shrinking dollar value. We all hold some form of blame for becoming a nation that has indebted itself with stuff we can't afford. The credit industry should be destroyed, and we should go back to a small business centralized economy and not a corporate economy.
Sounds like a plan. How does someone earning $8/hour ever afford a house?
Who says somebody earning $8/ hour needs to buy a house? Surely minimum wage is not home ownership wage. I earn about $25/ hour and I still rent, I enjoy renting, I don't feel tied down to something I can not afford. As a renter, it is true, I am at the discretion of my landlord, but as a homeowner, you are at the discretion of an unstable market.
And please, don't patronize me. We are in a world of hurt right now (well maybe not you, 'Canuck') and we don't need petty name calling and ridiculous immaturity.
Today's rally will not solve the problem. They are floating their Titanic until after the election. They hope when it sinks the Democrats will be held responsible and in their fantasy WE will go down with the ship they built.
When the Depression sweeps the world, credit cards will be history.
Get used to surviving. This crash has been a long time coming. It is the only obvious ending to Reaganomics that we could possibly have arrived. The people at the top vacuumed all the value out of the economy and left the workers to languish in meaningless "service" jobs. We no longer manufacture a thing.
We are sitting ducks waiting to be shot.
How about we kill fractional reserve banking, quit elf'n magic every fiat dollar into existence we pay interest on and finally return to a real 1 for 1 gold standard. Not the 40% Gold exchange dependant fractional reserve banking like we had during the crash of 29.
Every fiat currency in history has failed, every single one. With those kinds of stats it's mind boggling why anyone would allow greedy people to take us of it in the first place.
Something a bit out of your context... the firm FIAT (one of the biggest automobile firms in Italy) failed miserably and went allmost broke ;) talkin about fiat and FIAT :) Coincidence or just fate? :)
Is Faux Noise going to shit brix.
Although I wonder how Colbert is going to react...
But congrats to a Krugman.
From http://www.nytimes.com/2008/10/14/business/ec... :
He said that he did not expect his critics to let him off any more easily because of his new accolade, though.
“I think we’ve learned this when we see Joe Stiglitz writing,” Mr. Krugman said, referring to the winner of the economics Nobel in 2001. “I haven’t noticed him getting an easy time. People just say, ‘Sure, he’s a great Nobel laureate and he’s very smart, but he still doesn’t know what he’s talking about in this situation.’ I’m sure I’ll get the same thing.”
--------------
Now, doesn't this sound like Fox News?
Yep. Listening to conservatives talk economics is like listening to the flat earth nuts talk cosmology, the anti gravity kooks talk physics, and the anti intelligence intelligent design imbeciles discuss biology. Oh wait, they are all the same people.
Ignore the facts, ignorance is bliss, and full spead ahead.
well...anti-gravity is actualy a theoretic force ;)) (if i still remember correctly...)
After Krugman's Pulitzer, Billdo will (hopefully) have a nervous breakdown if he has to say "Senator Al Franken".
Bill O'Reilly MUST. BE. PISSED.
...Krugman has yet to win a Polk Award
don't you mean pulitzer?
I can't watch him. O'Reilly is really hard to listen to. He just spews so much garbage that it makes you want those minutes of your life back.
I sometimes think it would be fun to have Limpballs and Orally together on a show and listen to them try and out-lie one another.
That would make it worth watching Fox for 20 minutes.....#;}
I have a better show idea for Bill Oh"LIE'ly:
Put him face to face with an angry big dude who would knock his block off if he pointed at him and said shut up.
I would pay cash to see a big strong MAN kick the shit out of that worm.
Oh"LIE'ly is a pervert.
It's not limpballs
it's limp dick.
u said it perfect. perfect.
-d
I'm still laughing out loud over your very well-said comment: "He just spews so much garbage that it makes you want those minutes of your life back."
Yes, life is too precious to spend with BillO!
(:>)
My guess George is on the phone right now with our Nobel econ prof for sound advice.SURRRRRRRRE
perhaps Paul can ride in on a White Horse with saber glaring and pull us out of the jam he's been writing about the past 8 years. Ripping the award to confetti and tossing it in the air to lead the charge.
You know it is going to be a great week when you wake up on a Monday morning and this is the first news you hear.
If you wish to post a congratulatory message to Mr. Krugman, you may do so here http://krugman.blogs.nytimes.com/. (1815 posts and counting).
No, I don't.
The good folks at Nobel, just gave him a nice little prize, and 1.4 million dollars to add to his bank account. Who says the rich don't honour the rich? LOL.
You're right. He is obviously a moron who hasn't spent his entire career working on these kinds of things and deserves no recognition for it whatsoever.
(snark)
Give me a break.
Ya his contributions to society are just so huge. He does theories. Yeppers. Worth a million. Wanna know what free trade is doing to nations? Look at the last 8 years. Way to go Paul. Congrats.
Krugman has consistently criticized the Bush crowd and their irresponsible, greedy, foolish economic practices.
Erm, the prize is for Economics. What exactly is your point.
Obviously, you don't seem to understand the E-C-O-N-N-M-I-C crisis our world is in and that E-C-O-N-N-M-I-C theory may just pull us out of it. Obviously Alfred Nobel appreciated the contributions that Economists can make to society.
I've read why Krugman won and the type of theory he came up with. I don't think you understand what it takes to possess this kind of critical and original thought.
But please, discredit him all you want. After all, I'm sure you have your PhD from MIT too.
This is an "memorial prize" made up by economist for economist, the money comes from the Swedish Central Bank not the Nobel Foundation.
Mostly, because Economics is not a real science.
That being said, Krugmann is a pretty bright fellow. And I would trust his insights over any MBA idiot any day...
yeah,and John Nash won the prize for candy-eating contest?! (since the nobel prize for economics doesnt exist by your account...)
I think it's really more of a BANKING or FINANCIAL PONZI scheme crisis.
I'm sure someone like you would probably have rather seen the money go to a football player, or the company that makes your favorite cheap beer.
I don't know how much of his work you have followed, but he has generally been dead on about everything.
In fact, it was reading guys like him (liberals) who made me realize just how totally full of shit conservatives are. He has enlightened many intelligent people I know, and changed their political perspectives from the dark side (GOP) to the good guys (lib).
To dismiss him because he doesn't have a government position is stupid and foolish.
Actually the prize money for the Economics prize comes from the Swedish Riksbank, not the Nobel foundation.
Tsk. Tsk.
Congrats Paul Krugman!!! We're a smarter nation thanks to you
Gore opposes Bush on Global Warming - wins Nobel Prize.
Krugman opposes Bush on Economics - wins Nobel Prize.
Look like a pattern to me. Seems as if anyone stands up to the idiocy that was eight years of neocon delusion they sure as hell deserve recognition.
But if you vote with the Shrub 95% of the time, you get to be the Republican candidate for President.
Sheer madness.
Now let's see if someone who's been critical of the war in Iraq wins the Peace Prize.
Don't forget Jimmy Carter.
First, there is no Nobel Prize in Economics, let's be clear about that. There is a "Nobel Memorial Award" that is given in parallel with the other Novel prices, the money comes from a Swedish bank... not the nobel foundation.
Also, the Nobel Memorial Award in Economics has a tradition of being awarded to neo-conservatives, and batshit crazy libertarians. The scary part is that most of the Nobels in Economics have been awarded to cooks who based their theories on game theory. The sad part is that most of the foundations of game theory came from the insights of a guy suffering from severe paranoid schizophrenia. In order to make their models work, a lot of these theories awarded Nobels in the past 40 years... basically model humans as sociopaths.
If anything, Krugmann is the exception not the rule when it comes to the track record of the Nobel in Economics. He is a relatively sane and bright person, wonder how he was able to get the prize.
Okay.
You don't know what you're talking about. Game theory is a completely sound, solid, branch of MATHEMATICS. And John Nash's tragic illness has nothing to do with the subject itself. A mathematical proof is a mathematical proof.
Saying that game theory somehow implies that human behavior need be modeled as psychopathic is false. - Implying some connection between it and Nash's personal illness is outright offensive.
Saying that most economical theories are based on game theory is patently false.
And the Economics prize does NOT have a particularily conservative bent. That's just old allegations based on the early prizes to Hayek and Friedman.
alexdem:I think i made a mistake. My comment was ment for another person Tyler D. ,above your comment
... ahahahahaha you are so damn wrong ;)) and the funny thing is that you dont realise how stupid you sound ! Ahh man (whipes his eyes),shit,this made my day ;) ah-haha (last jolt of laughter)
Try 28 years. Ronald Reagan was the one who introduced supply-side economics. It's hard to remember that the object of the exercise (cut taxes to stimulate growth and increase government revenue) was to get rid of deficits, generate long-term surpluses and reduce the national debt. Google the Laffer Curve.
The idea never worked. It was a delusion from day one. Reagan's plan to reduce the national debt has increased it by a factor of 10 so far. If supply-side economics had worked, Arthur Laffer would be going to Stockholm for his award instead of Paul Krugman.
To John Hinderaker: Kurgman is a Nobel Prize winner. You are just a flat-out loser.
Suck it, Tanya!
They should tap Krugman for secretary of the treasury maybe?
Krugman himself has always said he does not have the temperament for Washington. He feels he is too opinionated and he wouldn't want to be restricted in holding his tongue. I do think he will be selected for a sort of brain trust on economic policy though.
(If you recall, he worked in the Reagan Whitehouse for a short stint.)
I think DC NEEDS a bright, opinionated, economic genius to shake up the system...
But what do I know? I'm just a broke SOB who just filed for unemployment today.
I totally agree, but whether Krugman would agree to take such a position is uncertain.
i wonder what krugman will say about obama's economic strategy that he'll be announcing in the next
couple hours.
Something "ALL" Americans can take pride in like we did with Gore. Right?
Now, how about that loan?
That's great news for Mr. Krugman.
And for Billo and Co. and Faux News -- they're already pissed at the Nobel folks for giving a prize to Al Gore.
no doubt about it. But we still have NATO, a bunch of nukes, a toehold in the middle east oil patch, 300 million totally dependent wage slaves, bunch of coal, about the best ag. land out there (steadily destroying it of course), and, lest we forget, a substantial homegrown military.
Krugman is a cheerleader for free trade......how's that working out?
He's no "cheerleader for free trade"
Most economists favor free trade. It's one of the fundamental ideas of economics.
Because it works.
The anti-free trade faction in Canada claimed that NAFTA would destroy Canada's economy and sovereignty. Twenty years later, their claims can be seen for what they were: nonsense. We got stronger growth, kept our health care (and higher taxes to pay for it), our strong, independent banking system, and our national identity.
Its always tinkered with in some way. So just how much tinkering is the government allowed and you still are able to call it "free market". Its like if you put a pinch of strawberry powder in a glass of milk, its strawberry milk.
So if its tinkered with and you benefit its a free market. If its tinkered with and it benefits me, its government interference?
This economy could do with a shot in the arm. Growing hemp on land reverses soil damage and can be used for fiber and fuel.
When, oh when is this country ever going to have a reasonable attitude about the benefits of hemp as a sustainable alternative to other biofuels such as corn? Never, I guess, sigh.
You couldn't find a better picture of him to post? The one you chose makes him look like he has some strange disease.
That photo of him you posted is too pixelatwd or something. Looks like he has white flecks in his hair and beard.
shiney Brillo!
Technically speaking, it's slightly too high resolution for the webpage. The original pic needs to be reduced in size by about 50%. If you download the picture and open it with any graphics viewing software (Adobe Photoshop, PSP, even MS-Windows Paint), you'll see the original pic is very sharp and clean.
Congratulations to Paul Krugman for winning this top prize, and for rubbing right-wing slimeball Bill O'Reilly's nose in his own sh*t one more time. Bravo Paul!
Hopefully this time, Billo's and Glenn Beck's heads will really explode.
It is deserved. You've criticised the recklessness of the past 10 years and especially within the Bush admin. You predicted the implosion (along with a few others) and took lots of heat from the media for doing this.
I liked Roubini for the Nobel, but also recognize, you certainly deserve the award and the recognition.
Trickle Down doesn't work. The ONLY thing that trickled down past the senior officer corp level was debt load.
All the rest at VP level and above got themselves raises, bonuses, did stock buybacks, tax breaks and upped their own corp stock dividends.
Now the economic base is flat broke, and you called it, a long time ago.
Well done Paul. And thanks for sticking to your guns and advocating for a realistic approach.
" They should tap Krugman for secretary of the treasury maybe? "
Maybe nothing, Hell Yes!
Next up:
Naomi Klein for literature .
Cindy Sheehan for peace .
And yes, Krugman and Gore should be in an Obama cabinet . And I wonder how Cokie Roberts is doing today ?
It's Monday. Cokie's hung over.
She's trying to figure out which of her high necked Imperial Commander dresses to wear today. May the farce be with you.
As I said, we still don’t know whether these moves will work. But policy is, finally, being driven by a clear view of what needs to be done. Which raises the question, why did that clear view have to come from London rather than Washington?
It’s hard to avoid the sense that Mr. Paulson’s initial response was distorted by ideology. Remember, he works for an administration whose philosophy of government can be summed up as “private good, public bad,” which must have made it hard to face up to the need for partial government ownership of the financial sector.
I also wonder how much the Femafication of government under President Bush contributed to Mr. Paulson’s fumble. All across the executive branch, knowledgeable professionals have been driven out; there may not have been anyone left at Treasury with the stature and background to tell Mr. Paulson that he wasn’t making sense.
Luckily for the world economy, however, Gordon Brown and his officials are making sense. And they may have shown us the way through this crisis.
http://www.nytimes.com/2008/10/13/opinion/13k...
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For those who are troubled by the photo above, it is the exact same photo the NYT uses for Krugmans Op-Ed pieces.
this is the new dust bowl of the 30s, time to reserect FDR , the new deal , every man a millionair, no more poor just more money for all, lets all get behind money!
American Paul Krugman wins economics Nobel
UK has bought controlling interests in several UK banks, giving the British people a stake in the banks. Krugman was recommending this approach 2 weeks ago. Yesterday the EU decided to follow the UK lead, and today Paulson is meeting with US banks to hammer out the details of a similar agreement.
The US "free trade" era is over. Dead. Thoroughly discredited.
ABOUT F'in TIME !!!
Also known as the norwegian ( or scandinavian) solution, as it was used here in our bank crisis back in the late 1980's.
Funny how you seem to be following us social democrats after trying everything else :)
Krugman is truth seeker
Someone needs to punch Bill O'Reilly in the face everytime he interupts and shouts over the top of the person actually speaking. Behavioral therapy.
God, that clip was annoying. I made it two minutes in and had to shut it off. This is exactly the problem with the MSM. This Jerry Springer infotainment quality. Where is the civil discourse and exchange of ideas. You can debate an issue without being a scoundrel for fu** sake.
Civil discourse and exchange of ideas went down the tubes when Jerry Springer became the most popular television show.
A truer statement could not be said.
O'Reilly tries to intimidate people that he convinces himself he can bully. But blowhard, neocons are usually just cowards at heart. My girlfriend's brother is a great example. I was visiting her family (all of the Bush Republicans, with her being the sane exception) and I was having an argument with her father about US energy policy. Her brother, who used to work for Karl Rove, ran outside and told her to go inside and tell me to shut up. Point is this; since he couldn't really enter into a discussion , because all he can do is parrot the slogans and talking points, and realized that if he got all Billo with me, I would of kicked his ass...One word for that kind of guy...P_ _ _ _!!!!
but this "Awards" crap is ridiculous considering what we are dealing with.
Now people will expect Paul to fix all the worlds problems for them (for about a minute) and it's going to disappoint. If they even remember.
The world cannot stop just because of this financial crisis, nor should it. That is one of the largest problems right now, this reactionary dumping of stocks due to panic. There are stocks out there that have little to nothing to do with this crisis that should doing well, but are tanking because of this speculator-lead-and-I'll-blindly-follow approach.
CNBC had some examples of stocks that fell into this category on their website yesterday. One was Rubbermaid, which were projecting $1.40 to $1.60 in per sharing earnings for 2008 and are coming in at $1.53.
O'Reilly made the NYT best seller list because Freedom's Defense Fund bought his books by the truckload to give away to conservative book clubs, who then gave them away with memberships. These conservative authors recieve very little in royalties after the release. They get paid a million or two by the publisher for having a team of researchers write the book for them. The audience that O'Reilly and Hannity and Coulter are targeting do not have the discretionary income to actually pay for their books. It's pure propaganda.
...good for him! He's brilliant and he writes a good column too! An economist who can communicate. How refreshing!
O'Reilly dominated, as he always does, with being loud, deceitful, immature and full of lies. Personally, I wish the guy didn't exist.
O'Reilly giving Krugman a lesson on Economics is like me giving the Pope a lesson on Catholicism. It is not only insulting, it is just plain laughable.
O'Reilly may not agree with Krugman, but for him to possess the pompousity to lecture is instruct? It is just plain nonsense.
Et Nomini Patri, et Fili, et Spiritu Sancti. Amen.
What sickens me is watching O'Reillo trying to school Krugman in economics! He is absolutely fearless in his ignorance! His brand of screaming, self opinionated, stupidity is malevolent in it's utter lack of self-doubt, conscience or integrity.
Nobel prize for Krugman, remedial class for O'Reillo.
It has been my experience that those who are most arrogant in their self-confidence are normally those who are most incompentent and inept.
discipline.
Parents are going to have to start saying to their kids. . .
NO, I don't have "GIMME $200!" for a New Cell Phone. Go mow some lawns.
No, we're not taking Princess to the new reiki spa for pets.
No, you can't sit on the computer all night playing Command and Conquer and go to bed at 5 AM when you have to be at school at 8 anymore.
No, I'm not bringing you a Mountain Dew and Chips and "hurry it up".
What the hell I'm doing is telling you to get off that damn box, get some sleep, and try turning F-as into A's for a change.
Oh, you don't like it here? Your a grownup. 16? Fine then, if you don't appreciate it pack your bag and be out of the house in 30 minutes. Good luck.
These things should have been done long ago. I always taught my children about money with age appropriate lessons. For preschoolers, you can start with "is this a NEED or a WANT". That one actually works all the way through adulthood.
The conservative outrage and dismissal should be entertaining.
No doubt well off CONservatives with plenty of money and toys will find it amusing also. Watching their own "unwashed" flipping about like a large mouth bass in a net.
Jim Cramer on MSNBC today: "... the left has taken over your great country. ... We are now Eugene V. Debs, Part II."
Somebody get the Ivy League-educated Cramer a primer on political philosophy, pronto! The fucker hasn't got a clue.
Yeah but Crammer has been the ultimate SHILL for the big boyz and evangelist for the pantheon of Wall Street.
We Believe!
For anyone out there who listens to this guy (or Suze Orman, for that fact), please stop. He's seriously dangerous and knows absolutely nothing about what he talks about.
Right now he is preaching "sell, sell, sell", while stock prices are at 25 year lows.
If the man was such an expert, he would be Warren Buffet's equal by now and he is clearly not.
I pray each day for his 15 minutes to be over and the screaming to stop.
... was a great man.
Cramer? A pipsqueak punk.
Sorry guys. I applaud Mr. Krugman's accomplishments, but the truth is, there really isn't a "Nobel" prize for economics.
The "Nobel Prize for Economics" is in fact, an award given by the central bank of Sweden! The voting isn't done the same way as the Nobel prize, and it isn't included in the Nobel Trust charter. It's actual name is: "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel".
What's the difference?
Well, if there's NO difference, then maybe I should start up a scholarship... my last name happens to be Rhodes...
Would that be fraudulent?
The Nobel founded in 1901 is the Grammys of the Industrial Age.
The calender has advanced 108 years since then into the new century but the Elites haven't really noticed times have changed.
The Nobel prizes are there to award science, literature, and peace.
Economics isn't a science.
The only science missing is Math, but rumor has it... that Nobel's wife messed around with a Mathematician at some point, and thus Mr. Nobel's apathy towards that field. They have the Fields Medal, which is an equivalent.
is a social science.
Again, I am tired of people overloading of what "science" is.
Political Science is not a science
Psychology is not a science
Anthropology is not a science
And Economics, even if it is made mostly of frustrated mathematicians, is still not a science.
All the above fail to meet at least one or more of the three requirements of the scientific method. Some of them may rely or are based heavily on scientific processes (statistics in psychology for example), they still are not a science.
As someone trained in a real science, I agree. Economics may be dismal, but it ain't science.
especially after Mahatma X file blog the other day.
These are all very real sciences and you are mistaking a safe test and an easy pub, with a lack of consistently applicable or well-engineered utility. Quality metrics for complex processes of human population behaviors are much more difficult, costly and uncertain to obtain than in a materials-based science and the truthy squad of social cultural history will not allow meaningful attempts at empirical understanding of results gained, some already significant.
That so much more money, time, risk and inconclusive results are involved to pub in-vivo vs. in-vitro, defines how big pharma pushes toxic crap past the FDA on the wings of good statistics gained easily and falsely from in-vitro studies only. But the #s look good, so the "experts" don't complain.
It is the perfection of the sciences of human behavior, things like pschology, economics and anthopology, that can save humanity. We can't agree to stop climate change or pandemic disease, if we do not know how to agree about anything.
WAY to go Paul!!!!!!!!!!
I can't wait for Bill-Os reaction. I do not think he will let it go.
Don't be a fool. The prize is commonly called the Nobel Prize in Economics, regardless of the official name. That's what Bloomberg, the NYT and, really, *every* media outlet called it this morning. And the award was established by the bank in memory of Alfred Nobel.
Your hair-splitting is ridiculous.
Fine have it your way, it will help sell more New York Times copies.
The Nobel prizes, the real ones, where established by Nobel himself... not in his memory.
The Nobel Prize (Award) in economics came much later, and follows different rules.
Krugmann may be one of the few decent fellows to have won the prize. Which for the most part has been used to give people, who proposed theories which were tragically wrong, an unwarranted credibility.
As a real scientist it pisses me to no end that economists get to piggyback on the credibility of real sciences.
... what it's "commonly" called... It's ACTUALLY something else!
Again, would I be allowed to sell a soft drink in my name, if my last name was "Coke"?
Can I start giving out an Academy Award for finger painting? Sure, I can NAME it something else to avoid copyright infringement, but if I convince ENOUGH people to "commonly" call it an "Academy Award", does that make it true?
Of course not.
The "Nobel Prize for Economics" is nothing more than an advertising trick. It's an award given by BANKERS to economists.
Considering the fact that the bank of Sweden is another institution that uses fiat currency, and fractional reserve banking, do you think they'll EVER award the "prize" to someone who advances theories about sound money, and full reserve banking?
In other words: the game is fixed.
And trying to be ACCURATE is NOT "hair-splitting", it's merely being accurate.
You, however, should stop being an apologist for Keynesians... we've already got enough of those.
Well, that's not the whole story though.
The Nobel Foundation decided to allow the Economics prize. They could have stopped it if they wanted, but they decided to allow it, and it's awarded at the same ceremony etc as the other Nobel prizes. However, they did take a decision at that time to never add allow any other 'Nobel' prizes (externally funded or otherwise) to be added.
Saying the voting isn't done the same way is pretty silly, since the voting is only really done the same way for the Physics and Chemistry prizes, since both are granted by respective committees within the Swedish Royal Academy of Sciences. Every other prize has its own rules.
May he rest in peace, but I really think that Tim Russert should have controlled this segment better. He should not have allowed BillO to interrupt, offend, point fingers at, and be so rude.
You can't control a sociopath. BillO is a classic example.
Albeit with a great reputation among his peers. No one, even Brokaw could challenge Russert for his crap.
O'Reilly's got. He's a buffoon. He's like a bad car accident. You can't look at him, but you can't look away either. He tries to intimidate his opponents because like most right wingers he's full of shit and can't defend his positions. Like most of the wingnuts he changes the subject, questions the sources, claims he was taken out of context, calls his opponents "commies" or claims that they're Bush "haters" who are irrational, as if Bush is such a wonderful human being and president.
why more people don't find Bill O'Reilly unacceptably offensive. What's does it say about our culture that people don't easily recognize that there's something really wrong with the way he treats anyone who disagrees with him? He's abusive. And anyone who goes on his show is enabling him.
Economic Honor Roll (VIDEO): look at some of the figures--politicians, economists, pundits--whose observations about our financial situation have come to seem all too prescient. Please check back as more names are added to our list and by all means let us know who else deserves credit for having seen our current meltdown coming.
THE ROLL INCLUDES KRUGMAN AND ROUBINI.
Add me to it. The honorable L.A. Revere
"Stay out of the Bushes! Stay out of the Bushes!"
whoever trusted or trusts the shrub deserves to be fleeced. I really pity them if they listened to ............ you
I generally avoid watching Bill O at all costs because his abusive behavior is stressful. I suspect he is single-handedly responsible for at least some of the overall rise in American's blood pressure over the past decade. Maybe he should be forced to pay some sort of progressive tax to offset the costs of his ugly behavior on American health.
whoever trusted or trusts the shrub deserves to be fleeced. I really pity them if they listened to ............ you.
That was for LAC, not you. the screen jumped!
sorry
Heh... maybe it's my computer, but it looks like you photoshopped frosting on his beard.
thought the same thing
http://www.greatchange.org/ov-martin,case_for...
In the days of real media integrity, a half baked hack like O'Reilly wouldn't be able to appear on public access tv.
Do people really watch this clown?
For all we know the Guy has zero viewers but the Media Marketing Machine just makes up whatever numbers they want and people believe it.
I hate Bill O as much as the next guy but that was hardly a smackdown. It actually looked like Paul was being the nice guy letting Bill step all over him. I have lots of respect for Paul and none for Bill O but call please call it like it is.
Economic Dishonor Roll (VIDEO): we have a dishonor roll chronicling those who helped create the situation. Below is the beginning of our look at some of those figures --politicians, economists, pundits - whose recklessness and own greed have created the situation we're in today. Please check back as more names are added to our list and by all means let us know who else deserves to be on our dishonor role.
Tell Puffington to add Al for me
http://www.greatchange.org/ov-martin,case_for...
AP - 6 minutes ago
TOLEDO, Ohio - Democratic Barack Obama on Monday called for more immediate steps to heal the nation's ailing economy, proposing a 90-day moratorium on home foreclosures at some banks and a two-year tax break for businesses that create new jobs.
from vacation. (Probably in Vegas)
NEW YORK - The Dow Jones industrial average rebounded as much as 600 points today.
Was expecting another possible sucker rally today anyway.
It's called rope a dope. Sucker more in. Market crisis can be explained easily. Banks won't loan to other banks so there is no cash available to loan. My government bailed out our banks too. I'd like to know what those banks did with the BILLIONS of profits they've made the last couple years. So the taxpayers give the banks billions to cover bank liabilities in billions that the banks have already received billions from customers to pay for it. Good deal if you can get it.
I guess bill will have to lather up the ole loofah and shine up his Peabody and stick it to krugman lol
Mr. Falafel called Krugman number 1 Bush hater.
Mr. 25% is the most hate president in US history. The most hated president by our allies abroad. Krugman #1 Bush hater? Doubtful.
congrats Paul Krugman.
That ought to piss off the pundits at FOX Propaganda.
It seems photoshopped -- nappy hair and beard. It also looks like his beard is frosty. What gives?
O'Lielly's just jealous. He'll never win a Nobel Prize, an Emmy, a journalism award of anykind. Though he is the hands down favorite for the Golden Falafel.
lecturing Krugman on "what his book said." That man must have the biggest and ugliest ego on TV.
CONGRATULATIONS PAUL for showing the world again that the sexual predator and wife cheating Reslug, O'Lielly, is so full of rage and lies that the pervert must yell SHUT UP when caught over and over bullshitting and puking Faux Noise propaganda and talking points.
Congrats. to Mr. Krugman.
It gives me great pleasure to know that History will show the good that our side, the Progressive movement, has accomplished. Even if the revisionists "alter" history, they can't change the facts of what the Progressives have achieved. The World will be our testment.
Holy Cow, good work Krug.
Still think perhaps giving it to a Bear that predicted the crash might have been better. Krugman has had level info for many years though and is accessible.
Not sure on this specific work, but have seen threads of it in his writting.
God rest his soul...but nice job Russert. I guess you could say they were both likely shocked at how stupid O'Rielly is.
To bad Krugman is introverted (at least on TV) or he could have destroyed O'Lie.
I'd call it O'Reilly being a smug overbearing shouting and interrupting asshole for 8 minutes. Well, for every minute of his life... but these 8 in particular.
Krugman gets in a few mild partial sentences, but that's about it. Those partial sentences, though, are gold.
Interesting how O'Reilly's fellow bully, St. Tim, never makes him stop steamrolling over Krugman.
Having said all of which... Krugman! Nobel laureate! Whoooooooo!
"Conscience of a Liberal" --- he wrote that great book. I urge you all to read it if you haven't already.
... supply-side ideologues and "trickle-down" disciples.
Your model is wrong. And it's proved to be disastrous, as well.
Congrats, Paul! Keep on skewing the reich-wing crooks!
Awesome!
I just bought a bunch of his books yesterday, and it's a good thing, because (economically speaking) I have a feeling the price is going to go up as of today. ;)
However, since O'Reilly clearly knows more about economics than Krugman, I guess he'll be getting a Nobel, too. He can put it up on his wall next to his two Peabody awards.
...who doesn't happen to know very much. Why can't the dude just stay calm during a discussion? Does he think that his points are suddenly valid just because he's so angry? I could've sworn that he was about to punch Krugman a coupla times there, even though, by all rights, Krugman probably owed him a pop in the mouth or nose. Of course, Krugman played it like a cool member of civilized society, and looks like the victor on many levels by the show's conclusion...
Russert thought that O'Reilly was qualified to appear with Paul Krugman? Good lord. That's the problem with our press right there.
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