in

‘Biden boom’ is ‘a real thing’ insists New York Times’ Paul Krugman in new op-ed

NEWYou can now listen to Fox News articles!

New York Times columnist Paul Krugman tripled down on his heavily mocked assertion that the country is experiencing a “Biden boom” on Tuesday.

Krugman’s latest op-ed focused on the backlash he had faced after insisting that the U.S. is not in a recession, despite reports showing two consecutive quarters of negative growth. He continued to deny recession claims and insist the economy experienced positive growth.

“But absence of a recession aside, one question I get asked is what happened to the ‘Biden boom’ I — and many other economists — predicted?” Krugman wrote. “And the answer is, it happened! But Americans aren’t feeling it, and it’s worth asking why.”

Krugman originally predicted in November 2020 that the economy would experience a “Biden boom” following the coronavirus pandemic. 

NYT columnist Paul Krugman first predicted a “Biden boom” in November 2020.
(Ricardo Rubio/Europa Press via Getty Images))

NEW YORK TIMES COLUMN SUGGESTS DEMS SAVED ‘CIVILIZATION’ WITH CLIMATE PROVISIONS IN SPENDING BILL 

After 18 months, Krugman declared Biden’s presidency a success for “adding” more jobs than Trump did in his first 36 months in office. Although he admitted many jobs “added” during Biden’s presidency could be attributed to jobs recovered after being lost to the pandemic, he claimed, “it’s kind of a moot point, anyway,” because presidents often “receive credit or blame for economic developments…

Read Full Article from www.foxnews.com

Report

Leave a Reply

Your email address will not be published.

Buhari reverses approval for Mobil acquisition by Seplat

Austin Tice: Biden says US government knows ‘with certainty’ that Austin Tice has been held by Syrian government