This is the world, according to Paul Krugman, as he shares with us his genius in his latest New York Times column, “Triumph of the Wrong“.

Anyone who knows of Krugman can guess from the title and its proximity to the elections that he is referring to the Republican drubbing of the Democrats last Tuesday. Oh – and that he’s not fond of the result.

He begins his learned piece with this gem: “… of another Republican Party sweep, politics determines who has the power, not who has the truth. Still, it’s not often that a party that is so wrong about so much does as well as Republicans did on Tuesday.”

I actually agree with this statement, save for replacing the “Republicans” with “Obama and his policies”.

He continues by saying: “So now is a good time to remember just how wrong the new rulers of Congress have been about, well, everything.”

He cites the “financial crisis of 2008, brought on by runaway financial institutions” as being caused by the “sacred pursuit of profit”. Krugman claims that the Republicans “invented an imaginary history in which the government was somehow responsible.”

Well Paul, I hate to wrench open your myopic view of history, but it was entirely the fault of government, beginning with Carter administration. You may read all about it here.

Krugman is a big government spending Keynesian(a), and thus he pooh-poohs conservatives “predictions that deficit spending would lead to soaring interest rates, that easy money would lead to runaway inflation and debase the dollar.”

Look how long it took for the housing/banking sector to completely melt down – but meltdown it did. If we continue down the easy Fed money and artificially low interest rate path, everything you claim hasn’t happened, will happen. It has to, providing nothing changes.

Krugman then segues from the financial to the lefts capstone of stupidity – Climate Change. He says that, “these days the [Republican] party is dominated by climate denialists, and to some extent by conspiracy theorists who insist that the whole issue is a hoax concocted by a cabal of left-wing scientists.”

Personally, I know not a single “climate denialist”. Of course the climate changes, as it has for millennia. We on the right are just not as arrogant as you to think man can affect it. And that’s exactly what it is – arrogance.

He closes with a question that has haunted and will continue to haunt the modern day left. “But if Republicans have been so completely wrong about everything, why did voters give them such a big victory?”

His answer: The Republicans sabotaged our great president and the Democrats- blocking the path to prosperity for political gain.

Wow!

The facts are, and facts can be scary things to the left, but the facts are that there has never been a single time in history, in any country, including ours, where government spending has led to prosperity, and there never will.

But we will never convince Krugman of this. His warped ideology trumps all.

(a)Keynesian economics

From Wikipedia, the free encyclopedia / http://en.wikipedia.org/wiki/Keynesian_economics

Keynesian economics (/ˈkeɪnziən/ KAYN-zee-ən; or Keynesianism) is the view that in the short run, especially during recessions, economic output is strongly influenced by aggregate demand (total spending in the economy). In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy; instead, it is influenced by a host of factors and sometimes behaves erratically, affecting production, employment, and inflation.^[1]

The theories forming the basis of Keynesian economics were first presented by the British economist John Maynard Keynes in his book, The General Theory of Employment, Interest and Money, published in 1936, during the Great Depression. Keynes contrasted his approach to the aggregate supply-focused ‘classical‘ economics that preceded his book. The interpretations of Keynes that followed are contentious and several schools of economic thought claim his legacy.

Keynesian economists often argue that private sector decisions sometimes lead to inefficient macroeconomic outcomes which require active policy responses by the public sector, in particular, monetary policy actions by the central bank and fiscal policy actions by the government, in order to stabilize output over the business cycle.^[2] Keynesian economics advocates a mixed economy – predominantly private sector, but with a role for government intervention during recessions.

Keynesian economics served as the standard economic model in the developed nations during the later part of the Great Depression, World War II, and the post-war economic expansion (1945–1973), though it lost some influence following the oil shock and resulting stagflation of the 1970s.^[3] The advent of the global financial crisis in 2008 has caused a resurgence in Keynesian thought.^[4]