I call Paul Krugman “Fauxiconman” for obvious reasons (he’s a fake economist, more media creation than actual member of the profession, and he’s a con artist, though perhaps among the worst in history because he fools only those afflicted with Liberal fantasies of utopia — and how hard can that be?).
He wrote a sentence in a recent article critiquing the Republican response to the Manchurian’s State of the Union that made me literally laugh out loud, though he did not mean to be funny:
Although Apple is now America’s biggest corporation as measured by market value, it employs only 43,000 people in the United States, a tenth as many as General Motors employed when it was the largest American firm. <source>
That phrase: “…employs only 43,000 people…” really hit my funny bone. What a fool this man is. Forty three thousand people is a big number no matter how you look at it or what you compare it to.
But to compare it to General Motors circa 1960? News flash for Paul: the era of big manufacturing of cars in the USA is in long-term secular decline, no doubt aided and abetted by repeated union shakedowns of corporate treasuries over the decades, and to chase after it while ignoring other growth sectors is worse than stupid: it is cruel.
No surprises here.