A sycophant is a person who tries to gain attention by flattering wealthy or influential people.
A self-serving flatterer, a person who fawns over another.
An example of a sycophant is someone who agrees with everything his boss says and who brings his boss gifts once a month.
Paul Krugman, must have received his Nobel Prize the same way Obama did, by doing absolutely nothing of merit. I understand politics and political motivations, however, Krugmans latest statement is a little more over the top than usual. (Trying to cover Obama’s Tail on Solyndra and the like). The reason our nation is hurtling toward DEBT-MAGEDDON is Obama subscribes to this keynesian economic model that Krugman and so many other leftists follow. Simply put, keynesian economics calls for massive amounts of spending to jumpstart faltering job markets and the overall market. The theory is, if the economy slows down (recession = two or more quarters of negative growth in GDP) you spend more money to drive the economy back up, making the pie larger in a sense. The problem in the theory, among many, is in alignment with the words of Margaret Thatcher, she said, “the only problem with socialism is, eventually you run out of other people’s money”. We have not a dime to spend to bolster or boost our economy, in fact as I have written about many times in the past with unfunded liabilities and the national debt combined we are -70 to -100 Trillion dollars in debt. Our nations economic issues are due to people like Krugman speaking glowingly regarding this ideology. Krugman comes out and says “this is ridiculous, we’re talking like a billion dollars is a lot of money or something.” YES Paul! A billion dollars is still a lot of money! I can deny gravity all day long, but, if I deny it under the wrong circumstances, gravity will kill me. It’s like they live in an alternate universe where sound fiscal policy doesn’t even exist. We are well past the point of no return im afraid, concerning our debt problem. I would liken their spending to that of drunken sailors, but I don’t want to offend the sailors. Our great great great grand children will still be paying on this millstone around our neck, if we are still a nation when their alive. No nation in the history of the world has ran up debt like we have and survived to tell about it. Europe is ready to shake apart and kill the Euro Zone and the currency. Almost every developed nation on the planet is running massive debts. There are a lot of markets already hinting that a sharp decline is in the near future. And the economic terrorist himself, George Soros, has now signaled that the Euro has 3 months tops before it collapses. Think of the ramifications of that for a moment.
Paul Krugman, history will judge you as an ignorant wretch who professed himself to be wise, while all along you were singing the propagandist song for Obama while he fiddled as America burned. May history forget that you were ever called my countryman.
Robert E. Stage Jr.