Wednesday, August 3, 2022

In Paul Krugman’s Upper West Side Bubble, All Is Well – Issues & Insights

After Richard Nixon’s landslide victory over leftist George McGovern in 1972, New York Times movie critic Pauline Kael supposedly said: “How could Nixon have won? Nobody I know voted for him.”

This weekend, current New York Times columnist Paul Krugman outdid Kael in the utterly-clueless-liberal-bubble department.

On CNN Sunday, Krugman said that the big problem with the economy today is that media are unfairly writing negative stories about it. “I think that what’s happening now is that there’s been a kind of a negativity bias in coverage,” he said.

Then Krugman went full Kael, telling CNN’s Brian Stelter, “if you ask people, ‘How are you doing?’ they are pretty — they’re pretty upbeat … if you ask people, ‘How’s your financial situation?’ it’s pretty favorable.”


Well this comes as a great relief.

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