Paul Krugman & President Obama furiously fix economy
Improving Mexico’s economy: “Fast and Furious” gun-running plan from New York Times economist Paul Krugman.
House investigators released documents last week connecting the White House to the Fast and Furious program that sent untraced weapons into Mexico. Today, Congressman Darrell Issa (R-CA) has released documents connecting the White House approval of the program to New York Times Keynesian Paul Krugman.
Fast and Furious was a Justice Department program that sent firearms illegally into Mexico with no means of tracing them. It was implemented under the Bureau of Alcohol, Tobacco, Firearms, and Explosives. Bureau agents who attempted to track the weapons were ordered by their superiors to desist.
Experts have been confused as to the purpose of the program: it seemed to have no goal other than giving weapons to drug cartels. No attempt was made to track the weapons once they were sold to smugglers. The House’s new information sheds light on that mystery and on the program’s genesis. According to these documents, Fast and Furious was a White House economic plan created by Dr. Krugman based on the Times writer’s Keynesian economic theories.
Krugman has earlier noted that disasters and attacks such as earthquakes, terrorist attacks, and breaking windows improves economies. When windows get broken, someone has to replace the windows, and that creates jobs for glass-makers, who then buy shoes with their wages. According to Krugman, this works because otherwise the person who lost their window would just stuff their dollars under a bed. “The broken window forces the Jew to stop hoarding money,” says Krugman’s theory. “And add it to the economy where it creates jobs and taxes.”
Fast and Furious was designed to increase jobs in Mexico and in bordering countries such as the Republic of Arizona, by increasing the amount of destruction and murder there. The program ordered gun dealers to sell weapons to smugglers, who then sold the weapons to drug cartels in Mexico. According to the Krugman plan, “once the weapons are in Mexico, they will be used to kill Mexicans, whose funerals will improve the economy.” The plan also noted a side effect that makes the Fast and Furious program “a step better than broken windows: every dead worker means a new job opens up.”
If Fast and Furious succeeds in improving Mexico’s economy, the White House plans to expand its use into the United States. From handwritten notes in the original Krugman documents,
Thanks, guys. If this program doesn’t wee-wee up, we’ll want to implement it in each of our fifty-seven states. Identify the most violent drug cartels in each major city, so that we can redistribute automatic weapons and explosive bombs and shit from wealthy gun dealers to needy drug dealers. If Krugman is right, every dead police officer is a new job for carpenters, caterers, clergy, and undertakers. We got some shovel-ready jobs here, folks.
A later memo to the ATF asks “can we measure how much Arizona’s economy improved when Brian Terry was murdered?” Krugman replied that the President should count the Terry murder as “one job created or saved” and add on a few more for the “resultant rise in demand for investigative reporters, congressional staff, and White House flak-catchers.”
BATF
- Brian Terry’s family statement at ATF Fast and Furious hearing: Hugh Holub
- “We hope that you now know a little bit more about our Brian. We ask that you honor his memory by continuing to ensure what he worked so hard to do and ultimately gave his life doing; that is to keep this country safe and its borders secure. We hope that the Bureau of Alcohol Tobacco and Firearms is forthcoming with all information that the panel is seeking. We ask that if a government official made a wrong decision that they admit their error and take responsibility for his or her actions. We hope that all individuals involved in Brian’s murder and those that played a role in putting the assault weapons in their hands are found and prosecuted to the full extent of the law.”
- EXCLUSIVE: Third Gun Linked to ‘Fast and Furious’ Identified at Border Agent's Murder Scene: William Lajeunesse
- “Sources say emails support their contention that the FBI concealed evidence to protect a confidential informant. Sources close to the Terry case say the FBI informant works inside a major Mexican cartel and provided the money to obtain the weapons used to kill Terry.” (Hat tip to Ace at Ace of Spades HQ)
- U.S. Government Used Taxpayer Funds to Buy, Sell Weapons During ‘Fast and Furious,’ Documents Show: William Lajeunesse
- “This was not a ‘buy-bust’ or a sting operation, where police sell to a buyer and then arrest them immediately afterward. In this case, agents were ‘ordered’ to let the sale go through and follow the weapons to a stash house. Dodson felt strongly that the weapons should not be abandoned and the stash house should remain under surveillance. However, Voth disagreed and ordered the surveillance team to return to the office. Dodson refused, and for six days in the desert heat kept the house under watch, defying direct orders from Voth. A week later, a second vehicle showed up to transfer the weapons. Dodson called for an interdiction team to move in, make the arrest and seize the weapons. Voth refused and the guns disappeared with no surveillance.” (Hat tip to Ace at Ace of Spades HQ)
- “Smoking Gun” In Fast And Furious?: Ace at Ace of Spades HQ
- “What was done here—letting guns loose—was not a bug. It was a feature. It was the plan from Jump Street. So if that was the plan, What was the goal? 200 people have been murdered with these same guns, possibly as many as 300. What was the goal?”
Keynesian economics
- The Broken Window Fallacy
- “What is the broken window fallacy?”
- Paul Krugman Calls for Space Aliens to Attack Earth: Noel Sheppard at NewsBusters
- “Total federal spending in 1940 was $9.5 billion. By 1945, this had risen almost tenfold to $93 billion. Such an increase in today’s budget would create a deficit greater than $30 trillion per year making our dollar and our Treasuries totally worthless.” (Hat tip to Doug Powers at Michelle Malkin)
- Paul Krugman’s alien version of Keynesian economics: Ted Biondo
- Krugman, like most liberal economists, believes that the economy improved while massive amounts of money was spent during the Depression and with the buildup of national defense during World War 2. However, the money spent during the Depression, prior to World War II tripled spending from $3 billion a year to $9 billion. But unemployment at the end of the thrities was still 17.2 percent. So, Krugman suggests that we spend like we’re being attacked by space aliens in order to achieve the level of spending that occurred during World War II. By 1945, the spending was ten times bigger than it was at the end of the ’30s - over $90B. Despite the spending, the GDP decreased by 1.1% in 1945, 10.9% in 1946 and again decreased the following year. This is the solution that Krugman says the country needs to repeat.
More broken windows
- Proposition B opponents: city salaries grow from magic beans
- Where do they think city worker salaries come from?
- Growing from the ruins of a rotting industry
- There’s something incredibly liberating about kicking the ass of a moribund industry.
- Broken windows at the ATM
- I had my own personal broken window this week. Not a big fan of obstructing progress for make-work jobs.
- The Bureaucracy Event Horizon
- Government bureaucracy is the ultimate broken window.
More Fast and Furious
- Exclusive: Garland gunman’s Fast & Furious firearm form
- Garland, Texas, gunman Nadir Soofi purchased at least one firearm through the Obama administrations Fast and Furious program for arming drug lords, according to Justice Department sources.
More Paul Krugman
- Austerity really means raising taxes
- When Paul Krugman claims that austerity is a failure, he defines it as cutting spending; but in fact, his examples are all of countries that raised taxes often along with raising spending.
- The austerity of the drunkard
- If you’re an alcoholic and you redefine “abstinence” to mean “drink more”, you might very well solve your drinking problem: by killing yourself.
- The joyless jobless recovery
- Government spending is higher than it has ever been. So why aren’t people pleased with the economy?