Economist Paul Krugman poses before a conversation at the 92nd Street Y on Sunday, Oct. 14, 2018, in New York. (Photo by Evan Agostini/Invision/AP)
Of all the media “economists,” there’s perhaps none more objectionable than Paul Krugman. The long time writer for The New York Times has a track record of being highly partisan and making outlandish predictions, most of which never come true and all of which are targeted at harming Republicans.
So you can imagine how giddy Krugman is over the stock market decline that’s been wholly caused by the spread of the Wuhan coronavirus.
Economists, myself included, often make a point of saying that the stock market is not the economy, which it isn't. It *is*, however, pretty much the Trump presidency. Take away his magic talisman and there's nothing left pic.twitter.com/8SbukjL6Jk
— Paul Krugman (@paulkrugman) March 16, 2020
This is a level of hackish behavior so brazen that it’d make Brian Stelter blush. Krugman essentially admits that he’s given Trump no credit throughout his presidency for the large gains in the stock market, but the moment it drops, he’s here to suddenly decide it matters again. How very convenient, right?
Dan Bongino saw Krugman’s post and decided to roast him a bit.
This colossal toolbox is reveling in America’s collective misery during this crisis. He loves every minute of this. Krugman is a disgrace to humankind and to sentient beings throughout the cosmos. 👇🏻👇🏻 https://t.co/MYDukg29H5
— Dan Bongino (@dbongino) March 16, 2020
Well, that escalated quickly, but I don’t blame Bongino for getting worked up here. Krugman has been tweeting incessantly throughout the current crisis, taking political potshots, all the while having nothing to say about his incredibly awful track record.
The truth is that the current economic woes have absolutely nothing to do with Donald Trump. There’s not a thing in the world he could have done to prevent what’s happening now. Wuhan flu is a black swan event, something that no leader has a magic wand to solve. There was always going to be a major hit taken here because commerce has had to be slowed significantly. Of course, when this pandemic wanes and the markets rebound, Krugman will be nowhere to be found or will be making wild claims that the stock market doesn’t matter again.
He had a chance to just be quiet here. Instead, Krugman is trying to capitalize on everyone else’s misery because that’s the kind of person he is. His economic illiteracy is only matched by his sheer shameless partisanship.