WHAT KRUGMAN MISSED IN DEBATE...

THE DEBATE BETWEEN KRUGMAN AND MORNING JOE WAS NO CONTEST...KRUGMAN HAS THE BETTER IDEAS...MORNING JOE IS AN ECONOMIC IDIOT...

BUT EVEN KRUGMAN MISSES THE MOST IMPORTANT POINT...

AMERICA IS A COLONY OF CHINA...!

UNDER THE OLD COLONIAL MERCHANTILE SYSTEM THE MOTHER COUNTRY (CHINA HERE) USES THE COLONY TO GET RAW MATERIAL...WHICH IS THEN TAKEN TO THE MOTHER COUNTRY FOR DEVELOPMENT (VALUE ADDED)...AND THEN RESOLD TO THE COLONY...IE THE AMERICANS....

THAT IS THE PROBLEM...CHIMERICA ...!

CURIOUSLY ....EVERY SO OFTEN THE ISSUE OF CHIMERICAN DEINDUSTRIALIZATION COMES UP...ALAS RARELY....BUT IT IS VERY VERY QUICKLY DROPPED BECAUSE NO ONE WANTS TO TALK ABOUT IT...

BECAUSE IF THEY DID THE ENTIRE DEBATE WOULD SHIFT TO FREE TRADE...WHICH NO ONE IS "ALLOWED" TO DISCUSS...

WHAT KRUGMAN MISSES IS THAT THE US ECONOMY HAS BEEN ZOMBIFIED BY FREE TRADE WITH CHINA...

YES STIMULUS WORKS...BUT IT IS LESS EFFECTIVE WHEN ALL PRODUCTION IS OUTSIDE THE US ECONOMY...

WHAT DID YOU DO WITH YOUR PART OF THE STIMULUS...

YOU BOUGHT A CHINESE MADE TV AT BEST BUY....!!

KRUGMAN ASSUMES A HERMETICALLY SEALED KEYNESIAN MODEL ECONOMY...WHICH DOES NOT EXIST...!   IT MAKES A BIG DIFFERENCE IN ECONOMICS IF YOUR "MODEL" IS FUNDAMENTALLY FLAWED...

ADDITIONALLY...THE FED HAS BEEN PRINTING MONEY AND THE TAX CODE IS GEARED FOR THE RICH...

WHAT CHINA DID NOT TAKE...THE WALL STREET ELITES SUCKED UP...AND ALAS ALMOST NONE OF THE STIMULUS BENEFITED MAIN STREET...!