Economist Paul Krugman coins two-word phrase to sum up Trump’s hiring playbook

moe

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Economist Paul Krugman coins two-word phrase to sum up Trump’s hiring playbook

Nobel Prize-winning economist turned political pundit Paul Krugman came up with a concept in his Substack on Wednesday that describes what he believes is behind much of the rot in President Donald Trump's administration.

Krugman, a frequent critic of the Trump administration who has warned the president's move to eliminate nonpartisan labor statistics gathering could put America on course for a Venezuela-style economic collapse, quoted the late historian Hannah Arendt, who noted, "Totalitarianism in power invariably replaces all first-rate talents, regardless of their sympathies, with those crackpots and fools whose lack of intelligence and creativity is still the best guarantee of their loyalty."

"Let me call this Arendt’s Law: Totalitarian and wannabe totalitarian regimes only hire incompetent hacks," Krugman wrote.


In particular, he sounded the alarm about Trump's decision to put the Bureau of Labor Statistics in the hands of E.J. Antoni, an economist from the far-right Heritage Foundation who has spent months attacking any data that made Trump look bad, and has suggested the United States might need to stop giving monthly jobs reports altogether.

"True, Antoni did say that the BLS should continue issuing quarterly reports, but scrapping monthly numbers would give Trump’s people more time to corrupt the data — and wanna bet that if the next quarterly report looks bad, Antoni, if confirmed at the BLS, would find reasons to hold off on its release?" Krugman wrote. "Incidentally, as Claudia Sahm reminds us, the BLS is legally required to issue monthly employment reports. So Antoni’s proposal, aside from being a transparently corrupt attempt to hide bad news, would be flatly illegal. I’m pretty sure that canceling publication of the Consumer Price Index, which will be next on the agenda once the full impact of Trump’s tariffs is felt, would also be illegal. But does that sort of thing matter these days?"

Krugman added that he has little confidence Republicans in the Senate will truly vet Antoni — and the problem is, once he's in office, the damage is done no matter what he does from that point.

"It won’t even matter whether the Trumpists cook the books (although they will.) For from the moment Antoni takes full control, nobody will believe any numbers coming out of BLS," wrote Krugman. "Fortunately, the same thing won’t be happening to other government agencies providing crucial information, like the Centers for Disease Control. Oh, wait."
 

bornaneer

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Economist Paul Krugman coins two-word phrase to sum up Trump’s hiring playbook

Nobel Prize-winning economist turned political pundit Paul Krugman came up with a concept in his Substack on Wednesday that describes what he believes is behind much of the rot in President Donald Trump's administration.

Krugman, a frequent critic of the Trump administration who has warned the president's move to eliminate nonpartisan labor statistics gathering could put America on course for a Venezuela-style economic collapse, quoted the late historian Hannah Arendt, who noted, "Totalitarianism in power invariably replaces all first-rate talents, regardless of their sympathies, with those crackpots and fools whose lack of intelligence and creativity is still the best guarantee of their loyalty."

"Let me call this Arendt’s Law: Totalitarian and wannabe totalitarian regimes only hire incompetent hacks," Krugman wrote.


In particular, he sounded the alarm about Trump's decision to put the Bureau of Labor Statistics in the hands of E.J. Antoni, an economist from the far-right Heritage Foundation who has spent months attacking any data that made Trump look bad, and has suggested the United States might need to stop giving monthly jobs reports altogether.

"True, Antoni did say that the BLS should continue issuing quarterly reports, but scrapping monthly numbers would give Trump’s people more time to corrupt the data — and wanna bet that if the next quarterly report looks bad, Antoni, if confirmed at the BLS, would find reasons to hold off on its release?" Krugman wrote. "Incidentally, as Claudia Sahm reminds us, the BLS is legally required to issue monthly employment reports. So Antoni’s proposal, aside from being a transparently corrupt attempt to hide bad news, would be flatly illegal. I’m pretty sure that canceling publication of the Consumer Price Index, which will be next on the agenda once the full impact of Trump’s tariffs is felt, would also be illegal. But does that sort of thing matter these days?"

Krugman added that he has little confidence Republicans in the Senate will truly vet Antoni — and the problem is, once he's in office, the damage is done no matter what he does from that point.

"It won’t even matter whether the Trumpists cook the books (although they will.) For from the moment Antoni takes full control, nobody will believe any numbers coming out of BLS," wrote Krugman. "Fortunately, the same thing won’t be happening to other government agencies providing crucial information, like the Centers for Disease Control. Oh, wait."
November 15, 2019
Paul Krugman: Always Wrong, Never in Doubt.....One of the nation’s leading doomsayers has been the New York Times’ perpetually mistaken Paul Krugman, who warned shortly after the 2016 election that Trump’s victory would trigger a global recession “with no end in sight.” We could file that under “post-election hysteria,” but as late as April of this year he was still telling crowds that the bond-market signals predicted “a pretty good chance of a recession sometime in the next year or so.”

And he has kept this going all year:
February 11: Paul Krugman expects a global recession this year, warns “we don’t have an effective response.”

August 1: “Why Was Trumponomics a Flop?”

August 15: “From Trump Boom to Trump Gloom”

September 5: “Trumpism Is Bad for Business”

October 3: “Here Comes the Trump Slump”

October 24: “The Day the Trump Boom Died”

A couple of weeks after the Trump Boom expired, CNBC reported that “October job creation comes in at 128,000, easily topping estimates even with GM auto strike.” This cycle has been going on for three years.

(My favorite Trump-era Krugmanism, though, is when the esteemed economist explains away his bad predictions by claiming that the economy’s successes are really just driven by instances of his own political preferences playing out — “Impeaching Trump Is Good for the Economy,” “The Economics of Donald J. Keynes,” and so on.)
 

moe

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bornaneer

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lol I guess you forgot to respond to the posted article. He's right you know. You know that Trump only hires doormats, bootlickers who do exactly what he tells them to do not because they're the best at their jobs. They're loyal to him not the rule of law or the constitution.
He is NOT right...you are his "bootlicker" because he hates anything Trump and has for years...just like you.
Paul Krugman: Always Wrong, Never in Doubt
 

moe

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He is NOT right...you are his "bootlicker" because he hates anything Trump and has for years...just like you.
Paul Krugman: Always Wrong, Never in Doubt
He didn't write about "anything", he wrote very specifically about one thing and he's right and you're wrong. again. Trump hires loyalists who won't challenge him on anything. It's the first ever true Deep State where politics and loyalty mean everything. I heard they caught (and fired from DOJ) a sandwich thrower, charged him with a felony. Keep up the good work and photo ops boys.
 

bornaneer

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He didn't write about "anything", he wrote very specifically about one thing and he's right and you're wrong. again. Trump hires loyalists who won't challenge him on anything. It's the first ever true Deep State where politics and loyalty mean everything. I heard they caught (and fired from DOJ) a sandwich thrower, charged him with a felony. Keep up the good work and photo ops boys.
You idiot...you don't think Obama and Biden hired loyalists who didn't challenge them on anything.
ALL President hire loyalists.
 
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Gunny46

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He didn't write about "anything", he wrote very specifically about one thing and he's right and you're wrong. again. Trump hires loyalists who won't challenge him on anything. It's the first ever true Deep State where politics and loyalty mean everything. I heard they caught (and fired from DOJ) a sandwich thrower, charged him with a felony. Keep up the good work and photo ops boys.


Keep crying. It's funny to watch the meltdown.
 

Gunny46

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Jul 2, 2018
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Democratic governor declares state of emergency in crime-ridden county​

The move comes just two days after President Donald Trump seized control of Washington DC’s police force to combat violent crime in the Democrat-run capital​

 

moe

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You idiot...you don't think Obama and Biden hired loyalists who didn't challenge them on anything.
lol no. Those POTUSs followed the rule of law and the constitution and valued the advice and counsel of their cabinets who weren't just rubber stamps. There were also independent government agencies back then when we had democracy. We had three co-equal branches of government under the Dem POTUSs. That's not the case now.
 

bornaneer

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lol no. Those POTUSs followed the rule of law and the constitution and valued the advice and counsel of their cabinets who weren't just rubber stamps. There were also independent government agencies back then when we had democracy. We had three co-equal branches of government under the Dem POTUSs. That's not the case now.
Trump follows the rule of law and the constitution and values the advice and counsel of his cabinet members who don't rubber stamp.

You provide zero proof that the Obama and Biden cabinets did not rubber stamp of what their bosses wanted.
 

mlblack16.

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Mar 9, 2017
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He's right you know. You know that Trump only hires doormats, bootlickers who do exactly what he tells them to do not because they're the best at their jobs. They're loyal to him not the rule of law or the constitution.
Probably appears that way when you see employees working for a leader who doesn't f✓ck around. On that same note, Trump wants whatever he's working on to be the biggest and best (admittedly part of his narcissistic charm) and he only hires people who can make this happen.

You'd be surprised what you can accomplish in life when you operate on business as opposed to your feels.
 
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moe

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Probably appears that way when you see employees working for a leader who doesn't f✓ck around. On that same note, Trump wants whatever he's working on to be the biggest and best (admittedly part of his narcissistic charm) and he only hires people who can make this happen.

You'd be surprised what you can accomplish in life when you operate on business as opposed to your feels.
Thank you cult member for sharing your feelings.
 

WVUALLEN

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The economy grew by 3.0% in the second quarter, exceeding expectations and indicating a rebound from the first quarter's decline. Consumer spending continues to be a key driver of economic growth. A decrease in imports contributed to the GDP growth, as more purchasing power stayed within the U.S. to buy domestically produced goods.

The U.S. economy during the Trump administration (2017-2021) saw steady growth, with the unemployment rate falling to a 50-year low. Key economic policies included tax cuts, deregulation, and trade policy changes, particularly regarding tariffs.
 
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moe

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August 1: “Why Was Trumponomics a Flop?”

August 15: “From Trump Boom to Trump Gloom”

September 5: “Trumpism Is Bad for Business”

October 3: “Here Comes the Trump Slump”

October 24: “The Day the Trump Boom Died”
Trump Slump is here, good call. Same on the others, thx.
 

Airport

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Dec 12, 2001
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Economist Paul Krugman coins two-word phrase to sum up Trump’s hiring playbook

Nobel Prize-winning economist turned political pundit Paul Krugman came up with a concept in his Substack on Wednesday that describes what he believes is behind much of the rot in President Donald Trump's administration.

Krugman, a frequent critic of the Trump administration who has warned the president's move to eliminate nonpartisan labor statistics gathering could put America on course for a Venezuela-style economic collapse, quoted the late historian Hannah Arendt, who noted, "Totalitarianism in power invariably replaces all first-rate talents, regardless of their sympathies, with those crackpots and fools whose lack of intelligence and creativity is still the best guarantee of their loyalty."

"Let me call this Arendt’s Law: Totalitarian and wannabe totalitarian regimes only hire incompetent hacks," Krugman wrote.


In particular, he sounded the alarm about Trump's decision to put the Bureau of Labor Statistics in the hands of E.J. Antoni, an economist from the far-right Heritage Foundation who has spent months attacking any data that made Trump look bad, and has suggested the United States might need to stop giving monthly jobs reports altogether.

"True, Antoni did say that the BLS should continue issuing quarterly reports, but scrapping monthly numbers would give Trump’s people more time to corrupt the data — and wanna bet that if the next quarterly report looks bad, Antoni, if confirmed at the BLS, would find reasons to hold off on its release?" Krugman wrote. "Incidentally, as Claudia Sahm reminds us, the BLS is legally required to issue monthly employment reports. So Antoni’s proposal, aside from being a transparently corrupt attempt to hide bad news, would be flatly illegal. I’m pretty sure that canceling publication of the Consumer Price Index, which will be next on the agenda once the full impact of Trump’s tariffs is felt, would also be illegal. But does that sort of thing matter these days?"

Krugman added that he has little confidence Republicans in the Senate will truly vet Antoni — and the problem is, once he's in office, the damage is done no matter what he does from that point.

"It won’t even matter whether the Trumpists cook the books (although they will.) For from the moment Antoni takes full control, nobody will believe any numbers coming out of BLS," wrote Krugman. "Fortunately, the same thing won’t be happening to other government agencies providing crucial information, like the Centers for Disease Control. Oh, wait."
Krugman has been wrong about everything.