The View From 1776

Krugman’s Parallel Universe

New York Times propagandist Paul Krugman appears to inhabit a parallel universe in which up is perceived as down. 

  1. The republicans have filed an "open records" request to get copies of any personal emails professor Cronon has sent that contain any of the words "Republican, Scott Walker, collective bargaining, union, rally, WEAC, AFSCME" and a list of Republican names.

    Is this a witch hunt and an abuse of power? Sounds like it to me!

    Then, there is the question of why there is a perception that there is a preponderance of liberals on campuses. Could it be that conservatives are self selected out of professorial pursuits because they are more interested in making tons of money than in spending life generating ideas (for pennies)? Does that suspicion sound harsh and judgemental?

    And finally there is the accusation that Krugman believes that

    "People who disagree with him are either insane or stupid."

    Where is the evidence for that ad hominum attack? I don't see it in the columns of Krugman. Perhaps the writer has some special insight he would like to share with us.
    Posted by .(JavaScript must be enabled to view this email address)  on  03/29  at  10:51 AM
  2. Thomas,

    I realize that this is not strictly on the Krugman topic, but in our continuing discussions about whether GE paid any US income tax this year, you may find a letter to the editor in this morning's (31 March) NY Times bracing reading.

    It was written by one Mr. Gary Sheffer, Vice President of Communications and Public affairs of the General Electric Corporation. In his letter, Mr. Sheffer says that while it is true that GE paid no taxes this year, it was because of losses at their GE Capital branch.

    So, unless you believe that Mr. Sheffer is either lying or an impostor, I would think you would have to admit you are wrong on this point.
    Posted by .(JavaScript must be enabled to view this email address)  on  03/31  at  09:13 AM
  3. Mr. Jay:

    Mr. Sheffer's letter (see below) does not say that GE paid no taxes. He states, rather, that GE employs tax strategies that reduce its overall tax rate.

    He does say that "when you lose money, you don
    Posted by .(JavaScript must be enabled to view this email address)  on  03/31  at  09:32 PM
  4. It was written by one Mr.louis vuitton discount Gary Sheffer, Vice President of Communications and Public affairs of the General Electric Corporation. discount louis vuitton In his letter, Mr. Sheffer says that while it is true that GE paid no taxes this year, it was because of losses at their GE Capital branch. 2945abc45 0401
    Posted by looisbrown  on  04/01  at  04:06 AM
  5. Mr. Brewton,

    GE employs 900 tax lawyers, and gets good value for its money. On 5 billion in US profits they paid no income tax, in part because Ge Capital suffered some losses. But in simple terms, they still netted 5 billion in profits. I am sure they paid some taxes somewhere in the world on their overall 14 billion in profits, but the fact remains that they paid none in the US.

    You may have been confused by the fact that GE paid ESTIMATED taxes, but is probably due a refund. See the Fortune magazine article:

    http://features.blogs.fortune.cnn.com/2011/04/04/the-truth-about-ges-tax-bill/

    As a post script, you may be interested to know that I have an ax to grind in this matter because part of my retirement funds are in GE bonds. So, the fact that GE does well is selfishly gratifying for me.
    Posted by .(JavaScript must be enabled to view this email address)  on  04/04  at  10:25 AM
Commenting is not available in this channel entry.