In June of 2012, left-wing economist and former Enron advisor Paul Krugman — who calls himself (and I quote) “Krugtron the Invincible” — wrote the following in his New York Times blog:
“I (and those of like mind) have been right about everything.”
Well, unfortunately, his streak of infallibility has just come to an end.
Two days ago, on March 17th (2014), Krugman wrote this:
Or we’re told that conservatives, the Tea Party in particular, oppose handouts because they believe in personal responsibility, in a society in which people must bear the consequences of their actions.Yet it’s hard to find angry Tea Party denunciations of huge Wall Street bailouts, of huge bonuses paid to executives who were saved from disaster by government backing and guarantees.
The boldface is mine. I bolded it not just because his statement is wrong. I bolded it, rather, because it’s so wildly wrong.
As it happens, I was one of the people who began the initial tea party in my town — this, mind you, was in the early days of the tea party, when it was predominantly about laissez-faire, before it was commandeered by the religious, the socially conservative, the philosophically wayward, before it lost its teeth and became a movement with which I was no longer comfortable being associated — and I can tell you and Paul Krugman, without any doubt whatsoever, that the bailouts (both by George Bush and by Barack Obama), as well as all the other forms of crony capitalism, were the predominant reason I was moved to organize the tea party where I live.
And every other tea party organizer I know felt the same way. Don’t believe me?
Here’s a little proof:
Sorry, Paul. You may be “right about everything,” but you are incontrovertibly wrong about this.