Krugman yells "I told you so" as stimulus fails. Hypocrisy at it's finest.
The left's favorite Nobel prize winning liberal economist is busy on the propaganda trail in a vain attempt to bolster his own image. Where shall we start? It is no secret that Krugman is one of the most prominent and well known economists pushing for the Stimulus back in 2008. With the architect of the Stimulus, Christina Romer, now admitting defeat - the left is mobilizing marketing forces to explain the failure. In Krugman's recent diatribe, our hero explains the failure and like a 5 year old school boy proudly announces " I told you !". This little ego stroke points to a previous article where Krugman warns America that the Stimulus appears to be small and therefore could fail. This is of course fascinating because central planning always fails, so Krugman positions himself in a very fortunate situation, he can always say "I told you" as a stimulus of any size will fail. Yet, just two months before, he wrote on November 10, 2008 . So we