Paul Krugman

Paul Krugman @paulkrugman

In 2020 I can't think of a single Trump theme that isn't a blatant lie: Biden is senile, anarchists are looting major cities, Trump will protect preexisting conditions, the virus is going away, we've won the trade war. And media still tend to shy away from saying this plainly 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

I'm having flashbacks to 2000, the first year I wrote for The Times. During that campaign, Bush's key policy claims — about taxes and Social Security — were clearly, deliberately false. But The Times wouldn't let me use the word "lie", which they considered too harsh 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

That is, the most consequential effects of a stolen R court majority may not be on health care or right to choose — important as they are — but on gutting environmental policy. And the survival of civilization seems to me more important than imaginary norms 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

This analysis got somewhat lost in the shuffle, but Charles Koch is going big for Barrett — not bc he hopes she'll destroy Roe or the ACA, but because he hopes she'll destroy the planet 1/https://t.co/dT4mTg1u6d — PolitiTweet.org

Paul Krugman @paulkrugman

But for what it's worth, the market is not voting for Trump 8/ — PolitiTweet.org

Paul Krugman @paulkrugman

Now, markets are lousy indicators. Let's not forget this, from Trump's chief economist; the Great Recession started 5 months later 7/ https://t.co/f5DQtKSsV4 — PolitiTweet.org

Paul Krugman @paulkrugman

Anyway, while Trump wants to claim the rising market as a form of endorsement, what's really happening is that the market is up despite a clear decline in his prospects. Mr. Market is basically saying that if anything he favors Biden 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

By the way, 538 gave Trump a 29% chance in 2016 — it did NOT predict a certain Clinton win. And state polls are probably better now than then, bc they weight for education 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

The 538 model has marked Trump's chances down to 13 percent, from 32 percent at the end of August. (The Economist model has him down to 9%) 4/ https://t.co/R03tcn4W4g — PolitiTweet.org

Paul Krugman @paulkrugman

You know what else has happened since that debate? Biden's lead seems to have expanded by about 3 points, possibly putting him in landslide territory 3/ https://t.co/SM1tndvd0A — PolitiTweet.org

Paul Krugman @paulkrugman

The recent market rise has taken place mainly since the first presidential debate 2/ https://t.co/YtU4vpK3bA — PolitiTweet.org

Paul Krugman @paulkrugman

I'm fascinated by the way Trump keeps citing the stock market as proof of how well he's doing. Aside from the fact that it's a terrible indicator of the economy at large, I do not think this market means what he thinks it means 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @kelsientaggart: FIVE times, @senatemajldr LAUGHED OFF questions regarding COVID during tonight's #KYSen Debate. It's obvious that Mi… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ThePlumLineGS: Great point from @paulkrugman: Conservative Republicans want to kill any stimulus deal because "they’re worried it migh… — PolitiTweet.org

Paul Krugman @paulkrugman

Senate Republicans are fine with Trump's corruption and fondness for foreign dictators, but draw the line at helping Americans in distress https://t.co/7emm4sJBGh — PolitiTweet.org

Paul Krugman @paulkrugman

Yeah, I'm not ready to dine in a windowless underground room, and I guess I'm not alone. — PolitiTweet.org

Paul Krugman @paulkrugman

This also means that Milgrom wasn't obsessing about the prize and was taken by surprise — which, as I can attest, is the right way for this to happen — PolitiTweet.org

Paul Krugman @paulkrugman

Also, a really strange time to be boasting about the stock market. Wall Street now expects Trump to lose, so for what it's worth (not much) the market is actually giving a vote of confidence to Biden. — PolitiTweet.org

Paul Krugman @paulkrugman

TRUMPCARE WILL ACHIEVE THESE MIRACLES BECAUSE THE LEGISLATION WILL BE ENTIRELY WRITTEN IN CAPITAL LETTERS. ALSO BECAUSE IT WILL BE UNCONSTRAINED BY REALITY OR LOGIC https://t.co/jwGq7Hu0Sq — PolitiTweet.org

Paul Krugman @paulkrugman

So the two big questions for this election are 1. Will GOP lies about Democrats get traction? 2. Will the GOP be able to suppress enough votes to snatch the electoral college despite losing the popular vote? The state of US politics is not good. — PolitiTweet.org

Paul Krugman @paulkrugman

Wait it gets worse: "Even those jobs that have been created have come at great cost: studies suggest American consumers paid about $817,000 in higher prices attributable to the tariffs for every job created in the washing machine industry and $900,000 in the steel industry." 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

No, "any gains in importing-competing sectors appear to have been more than offset by losses in industries that use imported inputs and face retaliation on their foreign exports." 1/ https://t.co/SeLZ5NEIau — PolitiTweet.org

Paul Krugman @paulkrugman

RT @jbouie: with mike lee going mask off and lindsay graham potentially infected there's a chance this hearing becomes the second barrett s… — PolitiTweet.org

Paul Krugman @paulkrugman

"In just the past week, Trump has said he wants a big bill, then no bill, then a small bill, then a $1.8 trillion bill, and now, perhaps, an even bigger bill than that. Or not." https://t.co/hNNpWagteL — PolitiTweet.org

Paul Krugman @paulkrugman

RT @econjared: Trump's triple fail: virus control, stimulus, and the worsening trade deficit. Hey, he--not us--made it a scorecard, then wa… — PolitiTweet.org

Paul Krugman @paulkrugman

Encouraging: it's looking as if New York is containing its incipient coronavirus second wave. It turns out that if you do lots of testing and quickly crack down on hotspots, you can manage this disease. https://t.co/5S4WuL1boY — PolitiTweet.org

Paul Krugman @paulkrugman

It made some sense to say that what was good for America was good for General Motors and vice versa. But what's good for America and what's good for Apple have almost nothing to do with each other. 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

Case in point: in the 1950s the biggest market cap was either AT&T or GM, which were also the top 2 employers. In 2019 it was Apple, which was only the #40 employer. 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

They show that there's a declining correlation between a firm's share of employment and its share of stock market value 2/ https://t.co/HJV8g1eBkv — PolitiTweet.org

Paul Krugman @paulkrugman

As I and others often say, the stock market is not the economy. It never was. But it may be even less the economy than it used to be, according to a new paper by Schlingemann and Stulz 1/ https://t.co/ZclMZUQxxU — PolitiTweet.org