Paul Krugman

Paul Krugman @paulkrugman

RT @albamonica: Trump camp released a statement on Biden's speech claiming he "repeated the erroneous claim that protestors in Lafayette Pa… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ThePlumLineGS: A crucial point is getting lost. Trump is vowing to send the military into cities based on a threat that's *entirely fab… — PolitiTweet.org

Paul Krugman @paulkrugman

A correspondent reminds me that Nixon met with protestors after Kent State. It was a bit weird — but no rubber bullets or tear gas cleared his way https://t.co/b01Rn1MgDU https://t.co/HBcxad3BUH — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "The core story of U.S. politics over the past four decades is that wealthy elites weaponized white racism to gain politica… — PolitiTweet.org

Paul Krugman @paulkrugman

Interesting chart from The Conference Board. I forgot that there was a large FOMO — fear of missing out — stock rally in 1930 https://t.co/RVR8qiI9wZ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ThePlumLineGS: It's a cult. Republicans are going to respond to the use of military force against unarmed protesters to clear a path fo… — PolitiTweet.org

Paul Krugman @paulkrugman

"They're very very proud of themselves" after tear-gassing peaceful protestors for a photo op https://t.co/uEeW047c1A — PolitiTweet.org

Paul Krugman @paulkrugman

RT @oliverdarcy: CNN chyron: "PEACEFUL PROTESTERS NEAR WHITE HOUSE GASSED, SHOT WITH RUBBER BULLETS SO TRUMP CAN HAVE CHURCH PHOTO-OP" — PolitiTweet.org

Paul Krugman @paulkrugman

So Trump has just moved on from gaslighting America. Now he's just plain gassing it. https://t.co/ezOOk8iN2I — PolitiTweet.org

Paul Krugman @paulkrugman

RT @nytopinion: "If Trump is encouraging violence and talking about military solutions to overwhelmingly peaceful protests, what will he an… — PolitiTweet.org

Paul Krugman @paulkrugman

If this were a movie, we'd say that the screenwriting was too heavy-handed. I mean, having the tough-talking president flee into an underground bunker in the face of unarmed demonstrators, then emerge to tell governors "most of you are weak"? Cheesy. — PolitiTweet.org

Paul Krugman @paulkrugman

The big problem is that extraordinary aid all goes away in just 2 months. There is no chance that more than a small fraction of the loss in wages will be made up by then. So we're facing an economic and human disaster unless Republicans allow another package 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

I keep seeing some people on the left describing it as just a bailout for corporations. There was some of that, but huge relief for people who really needed it. So far this month, $90 billion in unemployment benefits compared with $2 billion in same period last year 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

As I've been saying, the CARES Act did a lot to alleviate the economic hit from Covid-19. 1/ https://t.co/p93J9rjLrj — PolitiTweet.org

Paul Krugman @paulkrugman

A Fox news host living in a fantasy world https://t.co/RjNmFE2Qf4 — PolitiTweet.org

Paul Krugman @paulkrugman

For a long time anyone who pointed out that the modern GOP is basically a party that serves plutocratic ends by weaponizing white racism was treated as "shrill" and partisan. Can we now admit the obvious? 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

The Alesina/Glaeser/Sacerdote paper on why America doesn't have a European-style welfare state — racism — had a big impact on my own thinking 2/ https://t.co/hSg4XsKZlV — PolitiTweet.org

Paul Krugman @paulkrugman

Glad to see Noah highlighting this all-too-relevant work by the late Alberto Alesina 1/ https://t.co/B8bLdiYvbU — PolitiTweet.org

Paul Krugman @paulkrugman

But even so, the spectacle of a president trying to cover up his pandemic disaster by quitting the WHO and responding to racial violence he fanned by trying to change the subject to China is ... awesome. Can the world survive 8 more months of this guy? 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

We've been heading for the Trump moment for a long time. I don't know if anyone remembers the 80s comic strip Washingtoon, but one of its characters was the Special Assistant to the President for Blame-shifting 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @ThePlumLineGS: Now that Trump is terminating our relationship with WHO and blaming them for his own failures, here's a comparison of w… — PolitiTweet.org

Paul Krugman @paulkrugman

RT @joshtpm: Shorter Trump: I was trying to calm the waters with my call for mass executions. — PolitiTweet.org

Paul Krugman @paulkrugman

Call it the glums of August, although some of it may happen sooner. Completely unnecessary; won't happen if the Senate passes something like the recent House bill. But right now we're set for a gratuitous late-summer crisis 7/ — PolitiTweet.org

Paul Krugman @paulkrugman

So here's what worries me: just 2 months from now, sharp cut in aid to unemployed, alongside mass layoffs of teachers and firefighters, plus small businesses folding and/or laying off their employees 6/ — PolitiTweet.org

Paul Krugman @paulkrugman

Meanwhile, proprietors' income — which is where small business falls — took a huge hit, declining 19.5% Fed-April. The paycheck protection program, despite terrible implementation, surely helped. But PPP's grace period for turning loans into grants only 8 weeks 5/ — PolitiTweet.org

Paul Krugman @paulkrugman

Also, in April state and local budget woes just beginning to bite: government wages and salaries down only 3%. But that will get much worse soon unless there's large-scale federal aid 4/ — PolitiTweet.org

Paul Krugman @paulkrugman

And those benefits have expanded substantially, as states work off the backlog of cases: $49 billion in April, $86 billion in May through the 27th. So UI has been a major cushion. However, expanded benefits expire July 31 3/ — PolitiTweet.org

Paul Krugman @paulkrugman

The biggest decline in absolute terms came in wage and salary income, which fell 11% between Feb. and April. However, about 40% of that decline was made up by increased unemployment benefits 2/ — PolitiTweet.org

Paul Krugman @paulkrugman

I finally had time to pore over today's personal income report a bit more, and here's my take: it shows a high risk of a crisis in the late summer if Congress doesn't step up with more aid 1/ — PolitiTweet.org

Paul Krugman @paulkrugman

RT @adam_tooze: Is Covid slump more like 1979-82 than 2007-09? If so, sharp recovery. But 1. we may reopen too fast/epidemic returns 2. B… — PolitiTweet.org