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Jon Taplin: An angry, mediocre, Krugman-hating blogger who does not back up his claims


One Jon Taplin said recently here in TPM that Paul Krugman had made two judgment errors in the recent past:

1) Krugman predicted, Taplin noted, that our recession would not come to be as bad as the late 90's recession in Argentina, and

2) Krugman once said, (according to Taplin) that Hillary Clinton "was the only candidate that could beat the Republicans."

Taplin linked us to a recent op-ed authored by Krugman and dated March 22, and to a post in which Taplin sounded bearish in January, 2008, which made him a genius.

That's it. We are left clueless about whether the Argentinian recession was milder or graver than ours. Was it milder or graver? Taplin didn't say.

Now to the second claim: Did Paul Krugman ever say that Hillary Clinton was the only candidate who could win the general elections? We are once again left in limbo regarding the truthfulness of this claim as well. Is it possible that Taplin made this up and Krugman preferred Clinton because of her policies and not her alleged electability? Absolutely. It is perfectly conceivable, though not clear because he showed no links.

We are not supposed to go fishing for answers in google. It is your responsibility, Mr. Taplin, to provide evidence to back up your assertions.



41 Comments

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Wh needs google?

I read what Mr. Taplin did in the not-so-distant past. I merely have a better memory--and considering all the drugs I did in my youth--it makes me REALLY wonder about Mr. Taplin.

=D

Excellent TS. Thanks.

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Yes, but don't chase him away.

Jon's hostile relationship with facts always generates interesting threads.

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Somebody's gotta go out there and be angry and mediocre. Otherwise they'll make me do it.

And yes, true about the threads. (Damn your eye, Ellen! I hate agreeing with you all the time.)

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Yeah but his heart is generally in the right place save the occasional attempted 'purges' of those who he considers traitors to the party. Just shows he can be as wrong on principle as he, very questionably, accuses Krugman of being on the facts.

But of course he means well...

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I had no idea that Krugman has being elevated to the status of Living Progressive Treasure.

Why wasn't Obama informed?

If he knew, he wouldn't let Krugman waste his time pontificating for money at NYT. He'd take Krugman and his crystal ball right to the White House, I'm sure.

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What's the link to Chuck Todd's blog for? It addresses neither the Argentinian/American recession issue nor Krugman's alleged thoughts on electability.

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Somehow, I doubt Obama is a progressive in the strictest sense.

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How dare any criticize that pissy asshole who has been bashing Obama for two fucking years.

And not backing up everything with extensive footnotes? Well welcome to a fucking blog! It's not a scientific journal.

Fuck Paul Krugman. Nobel Prize? So did Henry Kissinger. Now BOTH are darlings of the rightwing. Congrats.


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Observer, nobody asked for "extensive footnotes."

Just a link. He provided absolutely nothing.
But apparently you believed it simply because Taplin typed it up.

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No, I wasn't actually defending Taplin, just venting about Krugman and the "krugman can do no wrong" crowd. You are probably right about a link to back up a point.

It is seriously pissing me off: Paul Krugman's endless lowgrade war against Obama. Seriously cut it the fuck out! Krugman is a brilliant economist, yes, but his willingness to feed the Rightwing with memes and quotes is hurting the progressive cause overall. (Remember his infamous labeling of Obama's supporters as a "cult" -- Rush thanks him for that one) Now Cantor is quoting him, and the typically right-leaning MSM is all too happy to have Krugman on ever five minutes. (Didn't see him so much on TV during the Bush years -- funny that!)

This reminds me of how many NYT columnists were all too happy to "prove" how non-partisan they were by bashing Clinton far harsher than they did Bush, who the MSM mostly cowered before.


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Okay, that was a little harsh. Sorry.

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It wasn't that it was "harsh." It's fault lies in its being an ad hominem attack.

Krugman's a gadfly; it is not his job to support the President's policies -- whoever that President may be. Any disagreement one has with Krugman's views and judgments must be based upon analytical argument.

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Just so no one thinks I'm a Krugman-ophile, I heartily disgree with his recent defense of academic economists' reliance on mathematical models.

Kaletsky's right and Krugman's wrong.

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Thank you for the link. Extremely interesting.

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Those links don't add up. Krugman simply points out that Keynes did modeling. It's a rather silly post by Kr. but what do you think he gets wrong?

I think your, and Kaletsky's, beef would be with Friedmanite modeling. And the modeling is probably quite good as long as one doesn't assume the model is perfect as practically applied.

Kaletsky is way too full of something in that article, btw.

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. . . or that the model (DSGE) is useful for anything other than an obscurantist abstraction which tells us nothing useful about the single most important issue in economics -- the evaluation of risk.

P.S. While it's true that Krugman's note doesn't say he himself employs mathematical models in his published work, my reading of his columns and blog posts over the years tells me he is in thrall to theories of economics as described mathematically (I doubt any economist who wasn't could get the Nobel, today).

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"Fuck Paul Krugman" -- ad hominem, ya think?

LOL.

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And while you're at it, Fuck Joe Lieberman, too!

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Well, it is worth to observe that so far, our recession is much milder than in Argentina. Most fundamental difference is that our capital market is so vast that you cannot have general flight of capital from USA. Our currency plunged, but it dod not collapse, and our loans are in our dollars.

As far as Obama critique is concerned, Obama looked more progressive on foreign policy (and now, well, one can say that the difference was more in presentation than in actual policy) and less on healthcare program, about which Krugman cares very deeply.

I am hard pressed to recall any possible talking point that Republicans could lift from Krugman.

His most recent critique of the plan to buy "toxic assets" from banks looked, in the substance, very similar to endorsements of the same plan (say, by Brad DeLong).

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I note you do not argue with Taplin directly on his thread.

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I brought up some tough criticism of Taplin to which there was no response and I have to say I allocated some effort. So I'll republish it here and say I'm in agreement with truthseeker.

I said: With respect sir, your criticism of Krugman did not follow a logical path. What you did at the beginning was isolate a few inaccurate statements put forward by Krugman a year ago and use them as evidence that all of his statements must be false. I could point to many things he said that turned out to be true but that would establish nothing. Rather, I will point out that in your post you failed to mention that Fink and Gross while being matched on all investments with taxpayer money, will also have a large portion of said investments backed up as well so that $50 million invested = only $20 million at risk. To your points on nationalization, they may well be sensible but do you have any comparable examples?

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Cool, but Taplin did respond to some comments. Mainly I was poking at the derivative kvetching of this post. TS does like to complain.

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I can understand where you are coming from, but I can't really agree with you. On one hand, Taplin should have linked to one of the many krugman op-eds from '08 that showed his disdain for Obama as a candidate and as a liberal, especially compared to HRC. On the other hand, I think his point about Argentina didn't require additional facts or links. It was a simple statement that Argentina's recession and our recession are both very severe and that Krugman got that one wrong. We should be able to infer that point based on what Taplin wrote.

Also, we must remember that this was a blog post. It was a statement of opinion that started a conversation. Isn't that the beauty of this medium? If we email or chat with a friend about these types of issues, do we always present all the underlying facts and links and treat it like it was a debate, or do we sometimes only have time to go straight to the point and treat it like a conversation/discussion.

The bigger issue here is that Krugman's word should not be treated as gospel. His commentary too often blurs the line from a rational argument to plain old visceral emotional reaction. I don't mean to say there is no substance, it's just that Krugman's style forces people who share his ideology to take him with a grain of salt. Sorry I don't have many links to prove this, but this is just my opinion and contribution to the thoughtful thread everyone is participating in.

Also, Taplin was right when he said Krugman was much more critical of Obama than HRC. It was partially policy differences but also partially because he didn't like Obama's style. Again, please forgive me for not linking to Krugman's specific columns that show this, but I felt that Krugman's arguments veered towards ad hominem attacks and petulance on too many occasions. But then, isn't that the right of someone who is an opinion columnist or a blogger?

I don't really blame Krugman because he's an opinion writer and that's how they do sometimes. I just disagree with him occasionally and I am not a big fan of his style because it takes away from his credible points. What I do criticize is the 'in Krugman we trust' mentality that seems to be pervasive in progressive circles lately. I think it's great that he won a Nobel Prize, but was it a nobel prize for study on money and banking? No. Has the guy ever won a Pulitzer? I don't think so. Is he a good judge of political realities? In my opinion, no. Has he ever run for office or passed legislation?

We have a big tent of progressive opinion and belief, but in general, we all agree on the major issues. Again, forgive me for not linking to any examples, but I've seen unhealthy arguments and disagreements between supporters of a progressive agenda in the blogosphere, cable news, in person, etc. We should have healthy debate and disagreement, but we shouldn't be nasty about it, because then we're too busy getting upset with each other, rather than working together to help get progressive change.

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No. The "bigger issue" is Krugman's perceived distain towards Obama, because that's not even an issue in my thread.

Taplin warned Krugman not to look foolish for the third time in 12 months. Did he look foolish at all?

Is our recession as grave as that of Argentina? You claim that both were severe, but that's not eing disputed. Taplin implied that the American recession was more severe. Krugman did not predict ours would not be severe.

We get no links to expert analysis comparing both recessions.
We get no commentary whatsoever by Taplin on the Argentinian recession.

Whether Krugman is right or wrong is not the scope of this thread.

I am hereby ask Taplin to expand on two specific claims for which he provided no basis.

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correction: i meant the bigger issue IS NOT Krugman's perceived disdain. There you go.

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Not to wade into your flamewar with this Taplin , but you have posted several anti-Obama rants. So why are you a fair judge of Krugman's objectivity?

On a side note, I'd also caution that we saw this with WJC, when the NYT opinion page ostenatiously bashed him during Monica, as if to prove how "objective" they were. The result was that supposedly left-leaning pundits were far harsher on the Democrats than anyone was towards as terrible a president as Bush (who the press mostly cowered before). Now we can expect the MSM to suddenly grow a pair and prove how tough they are speaking truth to power. Really fucking convenient since they sat on their hands for the past 8 years. Don't fall into the "Fair and balanced" trap. If you were hard on Bush, it doesn't need to be "balanced" by being hard on Democrats.



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Not to wade into your flamewar with this Taplin , but you have posted several anti-Obama rants. So why are you a fair judge of Krugman's objectivity?

This thread is about the claims made by Taplin, not Krugman's objectivity.

Did Krugman say what Taplin said he said?

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If Krugman is an economist, why are we giving him credence as a politician? That is outside his field of expertise. Krugman makes all this commentary regarding political maneuvers and gets rewarded with the opportunity to make more commentary. He gets more rewards if the commentary is critical of Obama. I don't know if this is Keynesian, or Trickle-Down, or what kind of economic hero to attribute it, but I'm sure it's economically good for Krugman.

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If Krugman is an economist, why are we giving him credence as a politician?

An outstanding question, indeed.

I personally give him zero credibility as a political analyst or a politician. Those are not his fields of expertise (as can clearly be seen from his articles).

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Um, being politicians is outside most all of our areas of expertise. Does his status as an economist somehow make him *less* qualified to do political commentary than Taplin, for instance?

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No, it does not disqualify him... But he lacks political acumen and feeds progressive ignorance of the mechanics of government.

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Zipperupus is talking about "acumen" here, and "ignorance," but on my most recent diary he claims to be an employee of the Marine Corps, and yet somehow is so ignorant of matters that concern every military family that he claims stop-loss has ended, while Secretary of Defense Robert Gates is all over the news announcing that stop-loss will only be phased out over the next two years.

Maybe you should worry about your own "acumen," Zipperupus, instead of questioning the acumen of other people who know more about the real issues facing military families than you know, even though you claim to work for the Marines.

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Further research indicates that Zipperupus probably really is a Marine, although God only knows how a Marine could fail to know that stop-loss hasn't ended.

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I am trying to decide how Krugman's reputation as an HRC supporter, and an Obama critic, during the primary campaign, should affect our perception of what he says now. On one hand, it might make us suspicious of a hidden agenda. But on the other, it is possibly more intellectually honest for him to go on being a critic. I am sure he takes no small satisfaction that Obama whupped McCain in the general, but that doesn't mean he should sit on his hands at this point when he disagrees. So maybe Krugman's stance during the primary is now irrelevant.

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It matters in the sense that he seems to have a personal grudge. We need objective advice, particularly since the stakes are so high. Krugman sometimes sounds like he's pissed that he is not being consulted by the admin. I may be wrong, but that's my impression.

I'll continue to read him but I put more stock in people who seem impartial like Roubini or Delong.

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Where's Candide??? He hates that Paul Krugman...

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Well, we know that this recession isn't as bad as the late 90s recession in Argentina. Argentina defaulted on its freaking sovereign debt. Things aren't that bad here. So one for Krugman.

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And the Argentinian President had to flee the Pink House (their equivalent of the White House) in a Helicopter due to the protests.

And the whole cabinet had to resign.

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In one year, between 4/1/2001 and 3/31/2002, Argentina's Producto Interna Bruto (GDP) fell 24%.*

And IIRC unemployment approached 25%.

* From the Argentine INDEC site.

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You two can't be right. I have it on the very best of authority:

I think [Taplin's] point about Argentina didn't require additional facts or links. It was a simple statement that Argentina's recession and our recession are both very severe and that Krugman got that one wrong. samaestro

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