Read time: 1 minute

Krugman Clashes With Van Susteren: 'No Correlation' Between Regulation And Hiring

Nobel Prize-winning economist Paul Krugman on Sunday clashed with Fox News host Greta Van Susteren after she asserted that President Barack Obama's administration was strangling small businesses with "laughable" regulations.
7 years ago by David
Views:

Nobel Prize-winning economist Paul Krugman on Sunday clashed with Fox News host Greta Van Susteren after she asserted that President Barack Obama's administration was strangling small businesses with "laughable" regulations.

"No one's paying much attention to these small businesses," Van Susteren opined during an ABC panel discussion. "The regulations that are strangling them, some are laughable and silly, but they have profound impact on the job creators, those who are making jobs. They can't afford to hire people."

"There's been tons of work on this," Krugman pointed out. "And what's holding small business back is not regulation, it's the fact that they don't have sales. There's no correlation."

"Which parts of the economy do small businesses complain about regulation, which don't -- there's no correlation between that an actual job creation."

ABC host George Stephanopoulos suggested that the "one exception" could be Obama's health care reform law, which requires businesses with 50 or more employees to provide health insurance.

"Don't you see some firms cutting off at 49?" the ABC host wondered.

"There might be but you can't see that in the numbers," Krugman explained.

"Instead of looking at just numbers, why don't you sit down and talk to them?" Van Susteren interrupted. "And if you actually talk to these people, a lot of them are struggling with this. They don't understand a lot of the things that happen to them, they don't understand a lot of things that happen in Washington. They're very cautious because they see a dismal economy out there."

"I have talked to them, that's not what they're saying to me," Krugman shot back.

Have you subscribed yet?

Banish those ads for good with a subscription to the site. For $1 for the first month and $4.99 after that, we'll pull all the ads off (except those from 3rd party apps) so you can enjoy the site without all the annoying popups and autoplay ads.

If you've already subscribed, consider a one-time or donation of whatever amount you can spare. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage

Comments

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.