Krugman: High Priest of Economics

On Nov 9, 2016, Paul Krugman - the media's leading economist - wrote his initial response to the presidential election. He stated that the markets were "plunging" and would "never" recover. He predicted the onset of a "global recession, with no end in sight."

This prediction was met with acceptance by the mainstream media. No one ever countered Krugman's dire forecast with something like, "No, the American economy will actually soar for the next year thanks to trends set by Obama." No one made that prediction, or anything close to that. On Nov 9, 2016, the media pundits agreed that this was now Trump's economy, and it would be a nightmare from which we might never wake up.

Over a year later and the economy has had its best year, ever. The markets had a record year. Unemployment is at record lows for minorities. Everyone is getting bonuses, businesses are expanding. Suddenly we're being told that actually this in fact IS Obama's economy after all. Trump is riding the wave the Obama created. Krugman himself put forth the theory just this month that, in fact, the economy WAS suppressed under Obama's adept leadership due to "Republican opposition" to stimulus. (Krugman doesn't attempt the obvious follow-on question: why then did the economy roar to life under Trump, without stimulus?)

After months of gloom-and-doom and Trump's economy, it has finally become inescapable that the economy has been 10/10. So now suddenly it's to Obama's credit. Whatever your opinions, consistency must be maintained. If liberals believe this economy is somehow attributable to the previous administration, then they must acknowledge Krugman was not just wrong, but as wrong as an economist could possibly be. How is that marginally acceptable? Krugman certainly does not deserve the position of world's most prominent economist if he's going to call a global recession right before a record-smashing bull run, all because he can't control his hatred for the man elected. As long as the left does not unseat Krugman, the game they're playing can only be this: everything good is thanks to Obama, everything bad is because of evil Trump. It's just religious superstition. (All good comes from God, all evil comes from the devil.) Krugman is merely a high priest in a belief system that so far has been unable to make a single accurate prediction.