paul krugman? >> well, a lot of what we have is colored by those tax cuts. they set up a situation in which we have a much larger budget shortfall than we would have had without those tax cuts. one reason to celebrate the demise of the supercommittee is that the sure fire way of making a really significant dent in the budget deficit is to do nothing. to just let those bush tax cuts expire. so the supercommittee was to a large extent an attempt by the republicans, if you like, to find a way to extend those bush tax cuts while looking responsible fiscally. and the fact they've lost that shield-- the fact that it's going to be well, okay, we have a simple way to reduce the deficit, let those tax cuts expire-- the fact that that's where we seem to have arrived sat a good thing. it brings us closer to fiscal responsibility in the long run. >> suarez: professor feldstein do you agree if nothing was done and tax cuts are allowed to expire that would improve the fiscal forecast? >> well, of course it would improve the fiscal forecast but it would be an economic disa

fact paul krugman i think he he's an organizer and a keynote speaker at this event in johannesburg. i mean. these guys think that the aliens came to this planet three hundred thousand years ago and they basically manipulate the genome of human beings but they would become workers for gold and that's why we have this obsession with gold but i do you know this is i think is kind of like a nice combination for the gold bugs you kind of merge them with paper bugs like neural ravine like paul krugman and you get this there's a new kind of gold boom this is really bullish for the gold market yeah i mean there really obviously gold is in high demand of aliens want to shannon which camp do you call and do you think aliens would be the solution to economic problems problems or would they contribute to them by taking our gold. just in case aliens exist i'm going to be. just a kid so you think that regardless of whether they help or hurt you are with them now speaking of helping this is an interesting way to do it at a time when we know that cities budgets have really been squeezed when police

>> come on, krugman is a nerd out in principleston. nerd!are listening to him at the end of vanity fair as their hero. the fact is there's a nuclear winter coming for a guy like krugman and he ought to spin the globe and throw a dart at scandinavia because it hasn't worked and it's about could tom down, the curtain. if these guys hate america so much i guess they should look for another place. i think krugman is bugged he feels we have a culture where elite pass their wealth on to other kids and he doesn't like that unless its, of course, punch salsrurgirger at the times. >> he inherited the newspaper. do you believe that americans should do what donald rumsfeld did, just walkway or is it the freedom of speech thing, they can say what we want, walk away but be respectful? >> he they are already doing. that the times has circulation problems like a sumo wrestler in a thong on the top of everest. come on, they are going under. >> a sumo wrestler in a shong -- that would be very cold. >> he would have constriction issues. it's consumer hitch ba

grace and miles krugman moved from colorado. after grace, an unemployed teacher for more than a year, found work with the williston schools. >> what was the feeling when they called up and said, yes, we have a job for you? >> i was so excited. it was like -- i don't know how to explain it. i felt like, maybe i am worth something again. >> reporter: her husband miles, a licensed electrician, was offered more than one job. >> i called four companies. i received four offers inside of two hours. >> it's utopia up here. >> reporter: real estate developer terry metzger says new home construction, already booming, is up another 67% this year. >> everybody wants to make their money but it's not just about the money. they just feel so good to be working again. >> reporter: the krugmans see a fresh start and a long-term future here. they're buying a new home and hope to move in by christmas. do you guys feel like pioneers a little bit? >> little bit. we're definitely in on the very beginning of this. >> reporter: and all of this is becaus

meltdown in a rational manner and you see it in almost every column the new york times columnist paul krugman writes which is we have to we have to get more money to create jobs to rebuild the infrastructure to put people back to work to keep people in their homes two point four million comput eight million people tossed out of there as last year another three million people this year. over fifty percent of americans are either underwater or they can't make their mortgage payments and yet we pass a jobs bill which gives fifteen billion dollars in tax credits to the corporations but the crew is right but the problem is we're not going to get it in our budget well and krugman i've debated this with him in fact we get on a cruise ship that's. still holds to his colleague tom friedman's notion that free trade is a good brain well you know it's a supported nafta i don't want to pick on proven but i support and yeah i know i and this is and i and i think this is the liberal class that you're talking about death of liberal causes people who are who you know it's very easy and in fact there's a certa

(beep) and that writer is paul krugman. back to you, jay. um, man booker prize, $2,000. what is "pi"? uh, man booker, $800, please. what is "the english patient"? lads named vlad, $1,200. who is vlad the impaler? man booker, $400. uh, who is schindler? oskar schindler. uh, lads named vlad, $1,600. who is horowitz? vladimir horowitz. lads named vlad, $2,000. and you have a $4,800 lead. $4,000. okay. here's the clue... anything? no, i'm sorry. who is vladimir zworykin? so you drop down to $8,800. it's a closer game now. you pick the next clue. give the order, $1,200. $1,200. all right. here is the clue... what is ursus? no. what is carnivore? carnivore. go again. uh, give the order, $1,600. what are lepidoptera? back to you, jay. give the order, $2,000. uh, what is echidna? no. what are monotremes? you wanna stick with the category? no, thank you. (laughter) um, economist dance party, $2,000. who is laffer? arthur laffer. economist, $800. what is the international monetary fund? dance party, $400. who is bernanke? give the order-- oh, i'm sorry. lads named vlad, $800. who

krugman the economist who want even more federal spending in the face of the 15 trillion-dollar debt.d clowns? check four, updating killing lincoln big full page ad today announcing more than a million copies of my book are now in print thank you for everyone who made this possible. that headline is too big. that even offended me on cnn howard kurtz weighed in. >> now, you may be aware that bill o'reilly wasn't too pleased when the "the washington post" ran a story headline ford theater bans o'reilly's lincoln book forerers and quoted experts as saying the book "killing lincoln" had plenty of mistakes. >> in 325 pages there are four minor misstatements all of which have been corrected. there are also two type setterrers one involving a d. now, that's a pretty good record even for nitpicker who's want to hurt the book. >> the mistakes were pretty minor the post had to run a correction. the book is available in the ford's theater gift shop but not in its basement book shop. i have to side with o'reilly on this one he got a bum wrap. >> mr. kirtz was gutsy for saying that the force there

krugman the economist who want even more federal spending in the face of the 15 trillion-dollar debt.ls and clowns? check four, updating killing lincoln big full page ad today announcing more than a million copies of my book are now in print thank you for everyone who made this possible. that headline is too big. that even offended me on cnn howard kurtz weighed in. >> now, you may be aware that bill o'reilly wasn't too pleased when the "the washington post" ran a story headline ford theater bans o'reilly lincoln book forerers and quoted experts as saying the book "killing lincoln" had plenty of mistakes. >> in 325 pages there are four minor misstatements all of which have been corrected. there are also two type setterrers one involving a d. now, that's a pretty good record even for nitpicker who's want to hurt the book. >> the mistakes were pretty minor the post had to run a correction. the book is available in the ford's theater gift shop but not in its basement bk shop. i have to side with o'reilly on this one he got a bum wrap. >> mr. kirtz was gutsy for saying that the force ther

>> paul krugman. >> reporter: is this something you do every year? >> yeah. >> reporter: why is this important for you? >> it's important to give back to the community. we give to the second harvest, we'll do the turkey trot tomorrow. we've lived in california our entire life and california's done well for us. >> reporter: that's very kind of you and happy thanksgiving. thanks for speaking with us. their goal is 11,500 this holiday season, but right now they're about 1,000 frozen birds short. caitlin kirsch, good morning to you. >> good morning. >> in spite of the shortage, do you feel like you're on par with seasons past? >> we are. i would say turkey donations, food donations, cash donations are on par. they're where they should be. so we're feeling pretty good. we're a thousand turkeys shy, but our goal is through the whole holiday, so hopefully we'll be able to gather up a another 1,000. >> reporter: but the past four years in particular, not just the holidays, i'm talking about year-round now, have been really difficult. you've seen your need in

and by the way credit to paul krugman for coming up with a phrase for america for his because all it is in reality is a poll tested phrase free market just like job creators or just a phrase to get average low information voters to nod their heads and blindly follow the lead of the millionaires and billionaires who are perfectly happy in a perpetual boom bust cycles of a free market economy where bankers get a boom and we all get stuck with the bust there is no magical free market there are no fairies and secret green elves no unicorns no walk ness monster and more than likely no abominable snowman but there are real solutions solutions that have been tried in the past and it worked really well solutions like raising taxes on the rich putting regulations on the banks toure's setting trade tariffs weaving a strong social safety net and protecting the rights of workers to unionize and organize into labor unions basically none of the stuff you heard in the republican debate those are the real solutions we need and not the nonsense you hear spew from republicans about a daily basis. that

think the government knows, i think that bernanke knows this that they want inflation, certainly paul krugman argues the case they want inflation and reduce the standard of living without saying you have a nominal cut, but this has been around for a long time and that's how you cut real wages when wages have to come down because nobody would accept a nom mal cut. nobody going to accept this. their problem is the usual tools of spending and printing money hasn't worked for them, because the debt is so big, and just continue to do this just makes our problems that much worse and what i've always worried about, this would lead to political turmoil and that's what we're witnessing today and that will be worldwide, but-- >> i take it from what you're saying, congressman, you certainly, if you became president of the united states, would not be adding american money through to the imf and the national lender and the world bank for that matter and we are of course the biggest contributor to both and when it came to bailing out a country, be it italy or greece, you would say no? >> i would say no, bu

. >> i did not see paul krugman and their. >> well, you can have everyone.e had to cut the book and have, in fact. there were judgment calls the contemporary colonists wanted to be leaner on because we wanted this to be a tribute to the greatest. the vast majority you can't find online, and that was one of the things that spurred us to put this together. with a book like this would exist, and there have been efforts at doing compilations, but nothing in our sense was this comprehensive and organized that is why we put this together. these things armillary on microfilm, lost and libraries, and for governments to do our research online, you can fall into this low that history began around 1996. some rates are available, but many are not. and that is of the urgency of putting this together. beginning at appreciation. all of jimmy residence books should be in print. we want to start an appreciation for this american art form. >> scott in new york. good afternoon. >> yes, you just mentioned jimmy breslin who is, he has always been a good hero to me and is one of

this is -- i'm sorry, not from the washington journal, paul krugman.s the activists magical antitax spell over republicans. thank you by reminding republicans of their antitax promises. he helped to expose the reason for the supercommittees failure. they disagree profoundly on a vision of government. we have been talking a lot on the phone just about what's been going on here. let's bring joe in. how are you feel sng. >> not so great. i'm coming along. i thought i was going to be in today. >> sorry. >> the decalf is working well for you this morning. >> more like a tranquilizer but that's okay. we are not done yet. we are at 18 past the top of the show. it's a risky statement after yesterday. talk to me about grover norquist. >> you know, i have not read the wall street journal editorial yet, but harold ford, my dear democratic friend talked about grover with all due respect, to the honorable gentleman from tennessee, new york, the hamptons -- >> florida, nantucket. >> blaming glover norquist for this collapse is the lamest thing since the gulf inciden

crashes and we can't seem to get out of it because we don't understand anything else i mean paul krugman for example has called neo liberalism a zombie doctrine because although it's discredited itself it's still promoted you know what i mean this is the idea is is still laissez faire casino capitalism and the only people that are saying man this is a pile of baloney the occupy wall street folks but there's but there are those voices out there saying that i. know one hand just a moment ago you were paraphrasing hobbs' from leviathan and the war of all against all from his longer quote about the nature of human society before the iron fist of government or church came along to help save us. and and that you know hobbes's worldview arguably he began the modern conservative tradition by suggesting that humans are all flawed and evil and that without without that restraining force that it would be the war of all against or and yet in one of your earlier books that i read i believe we did. just on the radio show years ago. the zation of the world and i remember in that right chairman of the r

to this kind of from a practical fear well wouldn't it actually be to greece's benefit it was paul krugman who piece on this today several economists have weighed in suggesting that if greece just said ok screwed out of the euro we're out of the e.u. we're going to go or we're going to go back to the drachma we're going to go our own way there'd be short term pain but long term they get their country back. well i think there is a debate on this issue even among. people who are opposed to the some austerity measures i mean there is one side but that makes the argument you just mentioned there is another side that says that you know the discussion of getting out of europe would go basically to. the banking sector people getting their money owed to italy goes negative commentary. it's so it's so so what effect would so personal do you think that there actually will be a vote on it was this. a hollow threat or a or a gimmick on public or is this part or is there actually going to be a vote like there was in iceland because in iceland elite actually had two votes the first one i think was ninet

getting worse and worse all the time you know and i'm an old soul and the it goes mean that the paul krugman himself who warned of a few weeks ago who's the great the an economist susanna's that may be fine now these want to make sure can't be bygones and i thought that might be a warning now horror if you will even doctors seem to waken up some of the so-called experts so it's. obvious towards the status quo is that people are saying well let's get shoot us all some of the folks in which don't worry about things don't we don't want to be scaremongering you know and it's total nonsense and we have to be able to reality situation is and this in part because of the realize we don't come to this and it will be needs of the. situation let's talk a little bit about gold how much gold does ireland have if any mark o'brien little or no on i think those at one stage was forty to fifty homes post and whatever go we have i think it's well i'm sure that with the e.c.v. on this one for this book i think those are the people who've put the requests on the piece of information on the seat of foreign playe

paul for your thoughts on that i was former reagan administration official i'm calling after paul krugmanrobert. and we will continue to follow this story as the drama begins to be a router of our question of we would like to ask why the united states involved and so many interventionist qualifier. war propaganda coming out of our ears in this town and it's those institutions like the heritage foundation that are that are the force behind it and it's those institutions pushing for war abroad so why are political leaders fighting for the agendas of these pro-war lobbying groups will have in-depth coverage of these neo con powerhouses so stay tuned as we continue to report on this story well the man dubbed the merchant of death now faces a sentence of life or behind bars after a jury found him guilty of dealing weapons to terrorist organizations but there is a lot of controversy surrounding the trial questions about whether or not the russian businessman had a fair trial and whether or not it was legal for him to be extradited from thailand to the u.s. are the correspondent. said the greate

thank you paul for your thoughts on that was former reagan administration official and columnist paul krugman probably. and we will continue to follow this story as the grounds began to be allowed or one more question we would like to ask why the united states involved in selling many interventionist policy. there is war propaganda coming out of our ears in this town and it's those institutions like the heritage foundation that are the force behind it and it's those institutions pushing for war abroad so why are political leaders fighting for the agendas of these pro-abortion lobbying groups will have in-depth coverage of these neo con powerhouses so stay tuned as we continue to report on the story. of the occupy wall street protests are heating up in oakland when protesters have successfully shut down the city's port the demonstrations turning chaotic. police clad in riot gear use tear gas and fire pellet that the crowd then arresting demonstrators by the dozens at least four protesters reportedly injured and hospitalized among those injured a man and women hit by a mercedes take a look at t

on that you know in two thousand and nine after everything kind of got really bad people like paul krugman were writing columns saying how did economists miss that you know how did they get it so wrong but you didn't get it wrong you got it right so why did so many economists and is it really this really interesting important question isn't while a shortcoming because it's me it's incredibly obvious of you take a look at what was happening the financial sector and take it seriously the original cone of the students coming in as they convinced themselves and crudeness still believes that you wrote this in a research paper at the end of last year that the level of debt doesn't matter. but only what about political government to convince themselves of the level of profit that doesn't matter because it is simply one person said another person's liability overall there's no in that effect on the macro economy that is so fundamentally flawed and wrong but that's why they've launched sort of to it so i didn't even look at the major indicator that i took seriously right. all of a sudden you back a

in our roundtable, george will, former reagan speech writer peggy now noon, matthew dowd and paul krugman thank you all for being here. you saw in the speech that rahm emanuel delivered last night that this was not just in defense of president obama but taking on romney s this the strategy that's going to work? that romney is going to be the candidate. >> i think they do. it's hard to see romney not coming out of this point as the answer to william buckley's principal, you mote the most conservative person electable. >> you feel that now. >> so far. but, again, let's wait until we hear from some actual voters. >> so, how is the rahm emanuel method going to play out? is something sustainable now to go after romney? he's saying, look at the principles that he did stand for. >> what rahm emanuel was showing in that interview, 2012 is about this. here's the re-elect strategy. if the subject is barack obama, that's bad for obama. if the subject of 2012 election, oh, that republican nominee is so awful, then barack obama has a chance. this is going to be a demolition derby on the parts of the d

. >> bill: paul krugman. >> egan. >> how -- >> douglas -- chief economist says that. okay? >> bill: these numbers that are pretty shocking, wouldn't you say? >> yes. stunning. >> bill: what is it? $410 million an hour? >> an hour, yeah. >> bill: so everybody but colmes, everybody and maybe the wall street protesters. maybe that crowd. but everybody else, who is knot i'd logical got to say put a lid on it or we are going to be grease. can't pay our bills. didn't pay it back or no matter what spin or excuse you use you have to go back to 2007 when it was 161 billion. back then they were worried about 161 billion being deficit spending. that's how crazy this is put the whole budget reverting back to 2007. whatever they were getting then, they get now. so that cuts all of that out. why don't these pinheads in the republic party just say that? >> well, you are exactly right. >> bill: why don't they say it. >> i have no explanation for it, bill. as aconservative i have been screaming at the republic party for years for big government big spending policies. we have had over the la

. >> bill: paul krugman. >> egan. >> how -- >> douglas -- chief economist says that. okay? >> bill: these numbers that are pretty shocking, wouldn't you say? >> yes. stunning. >> bill: what is it? $410 million an hour? >> an hour, yeah. >> bill: so everybody but colmes, everybody and maybe the wall street protesters. maybe that crowd. but everybody else, who is knot i'd logical got to say put a lid on it or we are going to be grease. can't pay our bills. didn't pay it back or no matter what spin or excuse you use you have to go back to 2007 when it was 161 billion. back then they were worried about 161 billion being deficit spending. that's how crazy this is put the whole budget reverting back to 2007. whatever they were getting then, they get now. so that cuts all of that out. why don't these pinheads in the republic party just say that? >> well, you are exactly right. >> bill: why don't they say it. >> i have no explanation for it, bill. as aconservative i have been screaming at the republic party for years for big government big spending policies. we have had over the la