Comments on: Paul Krugman's Correct About Campaigns http://cafehayek.com/2008/09/paul-krugmans-c.html where orders emerge Mon, 16 Jan 2012 02:06:33 +0000 hourly 1 http://wordpress.org/?v= By: indiana jim http://cafehayek.com/2008/09/paul-krugmans-c.html/comment-page-1#comment-30254 indiana jim Mon, 15 Sep 2008 16:28:28 +0000 http://localhost/wordpress/?p=3050#comment-30254 <p>Krugman's "fabrications and half-truths" tell us little about anything in general, and McCain in particular. </p> Krugman's "fabrications and half-truths" tell us little about anything in general, and McCain in particular.

]]> By: Methinks http://cafehayek.com/2008/09/paul-krugmans-c.html/comment-page-1#comment-30253 Methinks Mon, 15 Sep 2008 15:05:43 +0000 http://localhost/wordpress/?p=3050#comment-30253 <p><i>Maybe that's a Freudian slip, but I'm thoroughly disillusioned by the Obama message and won't be supporting him, not that it matters. None Of The Above is my candidate, and I'm an enthusiastic supporter.</i> - Martin</p> <p>Indeed. I wonder if the Comedy channel will rerun South Park's "Douche vs. Turd" episode again before the election.</p> Maybe that's a Freudian slip, but I'm thoroughly disillusioned by the Obama message and won't be supporting him, not that it matters. None Of The Above is my candidate, and I'm an enthusiastic supporter. – Martin

Indeed. I wonder if the Comedy channel will rerun South Park's "Douche vs. Turd" episode again before the election.

]]> By: muirgeo http://cafehayek.com/2008/09/paul-krugmans-c.html/comment-page-1#comment-30252 muirgeo Mon, 15 Sep 2008 13:08:34 +0000 http://localhost/wordpress/?p=3050#comment-30252 <p><a href="http://www.demandside.net/PresCharts0808.html" rel="nofollow">One more on presidents</a> and the economy.</p> <p><a href="http://www.nytimes.com/2008/08/31/business/31view.html?scp=1&sq=alan%20blinder&st=cse" rel="nofollow">NYT Alan Blinder8/31/2008</a></p> <p>Data for the whole period from 1948 to 2007, during which Republicans occupied the White House for 34 years and Democrats for 26, show average annual growth of real gross national product of 1.64 percent per capita under Republican presidents versus 2.78 percent under Democrats.</p> <p>That 1.14-point difference, if maintained for eight years, would yield 9.33 percent more income per person, which is a lot more than almost anyone can expect from a tax cut.</p> <p>Alan Blinder</p> <p><br /> </p> One more on presidents and the economy.

NYT Alan Blinder8/31/2008

Data for the whole period from 1948 to 2007, during which Republicans occupied the White House for 34 years and Democrats for 26, show average annual growth of real gross national product of 1.64 percent per capita under Republican presidents versus 2.78 percent under Democrats.

That 1.14-point difference, if maintained for eight years, would yield 9.33 percent more income per person, which is a lot more than almost anyone can expect from a tax cut.

Alan Blinder

]]> By: Sandman http://cafehayek.com/2008/09/paul-krugmans-c.html/comment-page-1#comment-30251 Sandman Mon, 15 Sep 2008 04:29:11 +0000 http://localhost/wordpress/?p=3050#comment-30251 <p>muirgeo,</p> <p>Your chart shows an impressive decline in unemployment during the Clinton years. Certainly something to be proud of. So, if that's the case, why don't any other Democrats support the economic policies of the Bill Clinton presidency? (hint: free trade, work for welfare, low cap gains taxes)</p> muirgeo,

Your chart shows an impressive decline in unemployment during the Clinton years. Certainly something to be proud of. So, if that's the case, why don't any other Democrats support the economic policies of the Bill Clinton presidency? (hint: free trade, work for welfare, low cap gains taxes)

]]> By: muirgeo http://cafehayek.com/2008/09/paul-krugmans-c.html/comment-page-1#comment-30250 muirgeo Sun, 14 Sep 2008 23:43:54 +0000 http://localhost/wordpress/?p=3050#comment-30250 <p>DKH,</p> <p><br /> Obviously other factors are involved but the consistent difference in Republican and Democratic economic outcomes is the difference between Supply side and Demand side economics.</p> <p>Republican policies tend to focus on inflation and concentration of wealth at the top while Democratic policies stress low unemployment with less concern for inflation. The low unemployment creates increased wages, more money flowing through the middle class and a better overall economy as expressed in real GDP.</p> <p>The data is pretty impressive in spite of the many confounding factors. </p> DKH,

Obviously other factors are involved but the consistent difference in Republican and Democratic economic outcomes is the difference between Supply side and Demand side economics.

Republican policies tend to focus on inflation and concentration of wealth at the top while Democratic policies stress low unemployment with less concern for inflation. The low unemployment creates increased wages, more money flowing through the middle class and a better overall economy as expressed in real GDP.

The data is pretty impressive in spite of the many confounding factors.

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