Paul Krugman on Raising Taxes in Bad Economy


	Paul Krugman on Raising Taxes in Bad Economy

muckdog

11-16-2008 4:29 PM

188 views

tags:

paul krugman, taxes

muckdog says:

Ah, it's "different this time," eh Paul?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/b005b0fe-4948-4140-ac2f-ee2014d5d3bd/6946258A-C9D4-480B-8E74-9424946D9868/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://newsbusters.org/blogs/noel-sheppard/2008/11/16/krugman-raising-taxes-worsened-depression-ok-now" href="http://newsbusters.org/blogs/noel-sheppard/2008/11/16/krugman-raising-taxes-worsened-depression-ok-now" style="font-size: 11px;">newsbusters.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://newsbusters.org/blogs/noel-sheppard/2008/11/16/krugman-raising-taxes-worsened-depression-ok-now"><H2 class="page-title">Krugman: Raising Taxes Worsened Depression But OK Now</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://newsbusters.org/blogs/noel-sheppard/2008/11/16/krugman-raising-taxes-worsened-depression-ok-now"><P><IMG width="239" height="175" align="right" src="http://media.eyeblast.org/newsbusters/static/2008/11/2008-03-30ABCTWKrugman4.jpg" />It appears being bestowed a Nobel Prize for economics doesn't improve one's economic acumen, for in the course of roughly 60 seconds Sunday, Paul Krugman said Franklin D. Roosevelt's decision to raise taxes in 1937 deepened the Depression, but it's okay to raise taxes 70-plus years later when the economy is in trouble.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://newsbusters.org/blogs/noel-sheppard/2008/11/16/krugman-raising-taxes-worsened-depression-ok-now"><P>Interesting contradiction, wouldn't you agree?</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://newsbusters.org/blogs/noel-sheppard/2008/11/16/krugman-raising-taxes-worsened-depression-ok-now"><P>What precipitated this bizarre, almost instantaneous economic flipflop on Sunday's "This Week" was ABC's George Will bringing up a little history by stating that net investment was negative throughout most of the 1930s because of the uncertainties about the economy and government's activist role during that period.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/6946258A-C9D4-480B-8E74-9424946D9868/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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