New York Times columnist and Nobel award winning economist Paul Krugman is a well-known sufferer of Trump Derangement Syndrome. When it was revealed on Friday that the jobs numbers were much better than the doomsday media predicted, Krugman floated a conspiracy theory as an explanation.
Joseph Vazquez reports at NewsBusters:
Krugman Conspiracy: It’s Possible Trump Admin Got BLS to Fudge GREAT Jobs ReportPresident Donald Trump’s economy proved it’s not going down without a fight. An excellent new jobs report has Keynesian New York Times economist Paul Krugman babbling about a Trump conspiracy on Twitter to make sense of it.CNBC reported that “Employment stunningly rose by 2.5 million in May and the jobless rate declined to 13.3%,” based on Friday’s Bureau of Labor Statistics’s (BLS) report. The report “was far better than economists had been expecting and indicated that an economic turnaround could be close at hand.” Krugman didn’t appear to know what to do with these numbers, except try to speculate the “possibility” that the Trump administration has “gotten to the BLS” to fudge the numbers.Really.Economists surveyed by Dow Jones “had been expecting payrolls to drop by 8.333 million and the unemployment rate to rise to 19.5% from April’s 14.7%,” CNBC reported. “May’s numbers showed the U.S. may well be on the road to recovery after its fastest plunge in history.”
See Krugman’s tweet below:
What a completely normal thing to say.
Krugman eventually tried to pull it back.
Jason Furman was Chairman of the Council of Economic Advisers under Obama and even he called out Krugman.
Remember, any narrative the left doesn’t like is a conspiracy theory, but any conspiracy theory they throw out there is just fine.
Featured image via YouTube.
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