Video: Cavuto catches Krugman’s disingenuous take on “super-rich” controlled economy

posted at 7:37 pm on December 5, 2006 by Ian

FNC’s Neil Cavuto caught economist and chronic BDS sufferer Paul Krugman with his pants on fire today. In his new column, with the self-explanatory title “How the Super-Rich Are Screwing America,” Krugman claims only the rich are making money and because of President Bush, everyone else is not. Krugman either is willfully ignorant or just plain ignorant. Or blinded by bias. His boss, Arthur Sulzberger is one of those “super-rich” people who is screwing over everyday Americans like myself.

Full video available here.

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Wow. I like Cavuto. Even more after watching that.

p0s3r on December 5, 2006 at 7:42 PM

Watch that in High Def, you can smell the crap.

Wade on December 5, 2006 at 7:49 PM

It was nice to see Paul squirm.

CrimsonFisted on December 5, 2006 at 7:53 PM

“DURRR REPUBLICANS BAD DURRRR”

What a clueless rube Krugman is.

JG2K6 on December 5, 2006 at 7:57 PM

I wonder what Kruggy is pulling down. Something tells me it’s more than I am.

Pablo on December 5, 2006 at 7:58 PM

Krugman is a liar AND a joke. No wonder, then, that he works for the New York Times.

georgej on December 5, 2006 at 7:58 PM

Ferret-faced weasel.

How is it someone is wrong virtually 100% of the time and still employed?

JammieWearingFool on December 5, 2006 at 7:59 PM

“You don’t have to be snide, Paul, you have to be factual.”

Boo Yah! Go Cavuto.

Pablo on December 5, 2006 at 8:00 PM

Why couldn’t have Cavuto put together some stats slides???

And he’s shocked that an ECONOMIST is dour and negative?

I think Krugman’s a boob, but Cavuto needs to tighten his act up a bit.

benrand on December 5, 2006 at 8:03 PM

Hey, Jammie—your first hint is the facial hair…heeheehee

seejanemom on December 5, 2006 at 8:03 PM

YODELS FOR ALL MY MEN!!! And beer for my horses!!!!!!!!

seejanemom on December 5, 2006 at 8:04 PM

He is even a professor at Princeton. This is not the only case where he misrepresented his data. This is a constant mannerism.

Ouabam on December 5, 2006 at 8:04 PM

I’ve logged many many hours watching Law and Order so I speak as someone knowledgeable. A look to the right is recall (remembering) a look to the left is creative (make it in up). I’m not saying he was lying, obviously he is, but what he is doing is trying to remember what lies he told and things that he contradicted himself with.

This is a skill that Dems are usually bad at, remeber Cary getting caught on so many things because he couldn’t remember the lie he told the day before. This guy is good with his bob and weave, but Cavuto is no chump.

- The Cat

MirCat on December 5, 2006 at 8:19 PM

If the President and Congress were as forceful and articulate defending the economy, more of them would have jobs in January.

jman on December 5, 2006 at 8:20 PM

Krugs got Pinched!

Kid from Brooklyn on December 5, 2006 at 8:22 PM

I saw this on Cavuto today and Krugman looked like a 5 year-old trying to explain the Laffer Curve!

tele64 on December 5, 2006 at 8:26 PM

Bashing the “super-rich” … at $20,000 an hour. Nice work if you can get it.

Another populist, stickin’ it to the man!

Ali-Bubba on December 5, 2006 at 8:36 PM

“I’m being snide? No, you’re being snide.”

Oh good one, Paul.

I like how Cavuto tells him how brilliant he is and then calls him a liar. That was good rope-a-dope.

Rosetta on December 5, 2006 at 8:41 PM

I don’t understand how Krugman was caught with his pants on fire…this is an one of those clips where a conservative would think Krugman was put in his place because he was called a liar, and a liberal would feel Cavuto was humiliated through the “fair and balanced reference” etc. On a strictly “factual” basis though, the gap between the rich and the poor has widened within the last 20 years…look at the Gini index

crr6 on December 5, 2006 at 8:56 PM

the gap between the rich and the poor has widened within the last 20 years

Stupid poor people. Why don’t they go out and make money like the rest of us?

Rosetta on December 5, 2006 at 8:57 PM

Poor guy, probably got picked on by Republicans when he was in school.

Seixon on December 5, 2006 at 9:08 PM

Well, there is that massive immigration thing ,adding millions of people willing to work off the books for less than minimum wage can skew those “gaps” a bit.
Just sayin…..

bbz123 on December 5, 2006 at 9:10 PM

My once poor parents are better off than they have ever been including having their own house built..I am not seeing this gap.

EnochCain on December 5, 2006 at 9:18 PM

Krugman was thinking:

“All of the indicators were good then Neil. I mean, come on, a Democrat was in power.”

BacaDog on December 5, 2006 at 9:20 PM

God, I love Neil Cavuto.

He’s one of the most intellectually honest men on television.

Christoph on December 5, 2006 at 9:21 PM

Wait… he’s one of the most intellectually honest men. That’s what I meant to say.

He stands out in a much bigger and better pond.

Christoph on December 5, 2006 at 9:22 PM

I hate references to “the gap” because even if absolutely everyone is doing a full 100 times better than they were, the gap would actually be a hundred times wider than it was. “The gap” is no measure of how well people are doing.

JohnJ on December 5, 2006 at 9:32 PM

Krugman is Klinton loving Bush hating useful idiot.
and as Jammie put it, a Ferret-faced weasel.

Texyank on December 5, 2006 at 9:36 PM

Can someone explain why it’s better to have everyone be equal and poor than to have a gap between rich and poor???

When liberal economists acknowledge that any gap that does exist isn’t because of “tax cuts for the rich” or “corporate robber barons” then I’ll give a shit about the gap.

Until then, I ain’t buying it. Isolated cases of people getting poorer? I’m sure there are but that is not a trend anywhere in this country and to imply otherwise is an outright lie.

Rosetta on December 5, 2006 at 9:42 PM

Kudos for Cavuto.

infidel on December 5, 2006 at 9:59 PM

Is Krugman trying to look like Clooney, or is it the other way around?

Reaps on December 5, 2006 at 10:11 PM

gap between the rich and the poor has widened within the last 20 years…look at the Gini index

crr6 on December 5, 2006 at 8:56 PM

20 million illegal immigrants have a tendency to lower the average wage. And yes they are figured into the stats. You are an example of “if you repeat the lie often enough, the people will begin to believe it”.
All time high in home ownership
Job percentage, all time high
Inflation low
Minorities with a college degree, equal or exceeds all other classifications
We are in a booming economic growth period, while the rest of the economic world is struggling. What a comeback after the 9/11 setback. Thank you Mr. President, thank you congress.

right2bright on December 5, 2006 at 10:12 PM

right2bright, agree with all you wrote, except that too much credit/blame is given/leveled at any president and/or congress.

To add to your list:

+ highest rate of minority-owned homes
+ still extremely low interest rates
+ rest of the world doing much better due to globalization
+ least old and beat up cars I’ve seen on the road in many, many years. Remember those? Now, I see mostly new high-powered machines…

- globalization causes the gap, not Mr. Bush or Mr. Clinton (in fairness he said a bit about the long-term decline/gap)
- globalization causes stiff competition, outsourcing of cheap and specialized labor, services, etc.
- globalization drives salaries and prices down (the bitter/sweet for the consumer)

BDS blinds him and so many others. You had a good point – just look at Europe and the rest of the productive world…this is still a great engine, and will continue to be so because it is fairly deregulated, not over-taxed and restricted. Freedom and creativity win over everything else.

Most shameful and hypocritical is when the very rich spew such crap and blame anyone in the process.

Utopian idealism with blinders!

Entelechy on December 5, 2006 at 10:27 PM

How much does Krugman make? I’ll bet most people would think of him as rich.

Kevin R on December 5, 2006 at 10:52 PM

I hate to rain on the party but… my husband has 20 years in his industry. He is an optical manufacturing expert for the world leader in bar code manufacturing. He has a Masters degree in manufacturing…
When you look at his salary and bonus package he is actually making less money than he made 3 years ago (I do the taxes, the numbers don’t lie)… Add to that the 100% increase in energy; oil heat, electricity and gas prices, as well as the increase in health insurance premiums along with the decrease in coverage, as well as the increase in property taxes, we are in worse shape today than we were 3-5 years ago.
My husband has worked for this company for 9 years. When he was initially hired ALL THE WORK took place in our location. About 3 years ago manufacturing was sent to a Mexican border town. Never mind that all the line assemblers lost their jobs here in the United States…
Now, for the same salary, my husband has to spend at least 6 weeks per year in a hotel room in Texas away from his family FOR NO MORE MONEY. He packs all his food and water into Mexico, as he passes dead bloated animals along the road as well as raw sewage… (He used to call me on the cell just after passing one particular dead animal)
If someone were to ask us if we are better off today than we were 5 years ago I would have to answer no.

Babs on December 5, 2006 at 11:06 PM

That screen shot is hysterical.
Cavuto nailed him beautifully. Note that Krugman, the “brillant Professor” rebuts Cavuto with the current Democrat talking point? The sarcastic “Fair and balanced.” Wrong answer. Krugman, you just opened your mouth and proved you’re nothing but a shill for the Dems.

naliaka on December 5, 2006 at 11:08 PM

Well Babs my stepfather has the best job he has ever had and he has been working there for exactly 5yrs and that job is responsible for him and my mother being able to build their brand new house so I am pretty sure they would disagree with you.

EnochCain on December 5, 2006 at 11:12 PM

Babs,
You ain’t seen nuthin’ yet – just wait till the Dems pass all those taxes they are promising us all. And illegal aliens amnesty, and you don’t have any 18-year-old daughters or any offspring 18-40 who will have to register for the draft come January 2007…? All this, and more is being fast-tracked by the Dems.

naliaka on December 5, 2006 at 11:12 PM

yep, and raising the minimum wage, that’ll widen the gap even further!

crr6 on December 5, 2006 at 11:21 PM

EnochCain – What is there to disagree with? I am very happy that your folks are doing so well. I am trying to relate our situation… I had to refinance the house in order to get it painted this fall. Forget about building a new home. We will be happy to hang on to this home for the next few years.
What I am trying to say is that even though the economy is growing, we personally are not keeping up with rising costs. Yeah, I get it, my husband is in the wrong industry. He is a highly skilled optical nerd, sorry… No one should go into manufacturing in the United States. His expertise means nothing within the 50 states…
Did I mention the 2 week trip he had to take to China and Taiwan??? Makes sleeping in Texas and working in Mexico look like a walk in the park. Nothing like a 20 hour trip to the factory, what a commute…
Naliaka – My first born son is in the Navy. He doesn’t need to register for the draft!

Babs on December 5, 2006 at 11:25 PM

Luckily the People’s Economist Paul Kurgman is available to answer your questions about this gap.

His Financial Advice will help you get on the right track to true, socially responsible and mindful economic bliss!

NTWR on December 5, 2006 at 11:34 PM

I watched it live. Cavuto destroyed the guy! If anyone wants a fair report on the economy, listen to covuto. Just mute it when he has more than one guest.

R D on December 5, 2006 at 11:35 PM

Unfortunatly, some industries, like some companies, either plan poorly or don’t plan at all for market changes in their industry. Auto is a good example. While the big 3 were falling all over themselves pumping out roll-over-SUV’s, the Japanese were doing the same, but also developing econo-hybrid cars also. Which is why I bought a Honda.

Babs, your husbands skill sets can be applied in other markets that are interrelated. Update the resume and see what’s out there.

Kini on December 5, 2006 at 11:38 PM

Refinance a house to get it painted? Maybe living a little out of your means?

R D on December 5, 2006 at 11:39 PM

If someone were to ask us if we are better off today than we were 5 years ago I would have to answer no.

Babs on December 5, 2006 at 11:06 PM

Babs, we all had to adjust to globalization, especially those of us who’re highly skilled.

Please thank your son for his service, so all of us can remain free and free to also be stupid at times.

The essense of this Cavuto thread is that Mr. Krugman tried hard, and does often, to blame all of this on Mr. Bush (43). Only after hard prodding did he admit that the shift began to happen even before Mr. Clinton.

It will be hardest on the U.S. and the western countries to absorb this globalization. It is bitter/sweet for the consumer, because he/she is also an employee.

Still, all in all the U.S. is by far better off in spite of all these barriers. That’s the core of this thread. Take away 9/11, the recession of that time and add the low taxes and things would be even better. Alas, we’re fighting a lot of hurdles and it won’t go away with a president Clinton/Gore/Edwards/Obama or Giuliani.

Entelechy on December 5, 2006 at 11:45 PM

Did I mention the 2 week trip he had to take to China and Taiwan??? Makes sleeping in Texas and working in Mexico look like a walk in the park.

Babs, I travel to south Asia all the time, and San Jose (yeah, I consider Kalifornia a foreign country, HA!) I consider it a working vacation.

Kini on December 5, 2006 at 11:47 PM

Kurgman’s financial advice is, rather than refinance the house to get it painted:

10. Destroy your house with a wrecking ball. You will then create a job for yourself when you need to rebuild it.

It’s all covered! His genius mind has unravelled all the mysteries of economics for us lowly capitalists. Take a gander, you’ll be amazed by the many topics of his genius.

NTWR on December 5, 2006 at 11:49 PM

R D – Living a little out of our means? I thought I made that clear in my previous 2 posts… We were well able to carry this house 10 years ago when we bought it. Not so today now that our property taxes have gone from $8,000/year to $14,000/year and our heating bill is in excess of $3,500/year. Our electricity has gone from $100/month when we moved in to $250/month today. Gasoline has more than doubled.When we moved in here gas was $0.99/gallon. It is now $2.47/gallon at the local station.
This is exactly the point I am trying to make; wages have not kept up with costs. We are paying more and getting less on our fixed costs. My husband’s salary has not kept pace with rising costs. He is now working more for less money based on current costs. How much clearer can I make it?

Babs on December 5, 2006 at 11:50 PM

Oh, yeah. I enjoy my tax breaks and I’m not rich by any stretch of the imagination. I will be very sad and a lot lighter on the wallet after Crack Head Rangel gets through shreading them. Or letting them expire by doing nothing, which he is good at.

Paul Krugman opinions have been nothing but Bush Bashing.

Kini on December 5, 2006 at 11:55 PM

Babs, I travel to south Asia all the time, and San Jose (yeah, I consider Kalifornia a foreign country, HA!) I consider it a working vacation.

Kini on December 5, 2006 at 11:47 PM

I’ve traveled the world, not once, but at least 3 times, for business. Always look ahead to go, and then to come home. It’s never boring and who’d like to be in the same office for too long? Way too boring!

Babs, update husband’s resume and look around, look for a job yourself – if you have one, find another, start a small business, sell house for a cheaper one or whatever. It isn’t Mr. Bush’s, Mr. Krugman’s or anyone else’s fault or challenge. It’s all of us who have to do the same. Opportunities abound and they exist daily.

Also, I think we all live way too lavishly, but heh, to each’s own. We’re free to do so.

Entelechy on December 5, 2006 at 11:57 PM

property taxes have gone from $8,000/year to $14,000/year and our heating bill is in excess of $3,500/year.

Babs, I moved away from New Jersey because of the same thing.
I don’t know what you are using to heat heat your house, but I would seriously consider an alternative source. Solar?

Kini on December 6, 2006 at 12:00 AM

I travel to south Asia all the time, and San Jose (yeah, I consider Kalifornia a foreign country, HA!) I consider it a working vacation.

You might consider it a “working vacation”. My husband considers it time away from his family and what really counts in this life. If you are married with children, does your wife consider it a working vacation or, opportunity for stuff to break with no one there to help fix it?

How about the children’s activities while you are away? Is it also a “working vacation” for them that their father is on the other side of the world while their stuff is going on?

Just last week the washing machine repairman was here. He told me that if I hadn’t called him this week the machine would have been completely kaput by next week. I immediately thought to myself that the timeline was perfect. You see, my husband is currently working out of the factory in Mexico. Yeah, let the washing machine go to hell while he is out of town (just like the heating has and the phone and the…)

Babs on December 6, 2006 at 12:00 AM

I don’t know what you are using to heat heat your house

Oil…

Our county taxes oil heat (as well as gas heat) to the tune of 5%… I consider this tax to be an abomination. I have written many times to my legislator as well as to the local paper.

Babs on December 6, 2006 at 12:06 AM

Krugman=another university elite with a brainwashed brain.

Babs, the reason for things going up, up, up is inflation. Everyone today wants to make lots of money…lots won’t work for it, just want the paycheck. We have been suckered for over 25 years, our gasoline prices should have risen just like the rest of the world. Had it done so gradually, we might have adjusted easier.

The huge jump in your real estate taxes is “not” a result of the economy, it is the result of your state politicians! They want to take as much as they can and spend it on totally rediculous stuff…I live in California, and thank you Prop 13, but still by the time I add up the taxes I pay on gasoline, electricity, sales, cell phone, regular phone, cable, gas company…the only one who doesn’t charge me taxes is the newspaper and that’s because they know I’d cancel.

Throw into the pot the 20 or so million illegals willing to work for lesser wages. Here in California, the farmers can’t find enough illegals to pick fruits or vegetables…gues what? Fruit, vegetables, etc. will be going way up…stretch to include feed for animals and there goes your milk, cheese, meat.

I’m old enough to remember when “ground round” meant ground round steak for 49 cents a pound, gasoline at 25 cents a gallon and I made $750/mo with $125/mo rent.

sharinlite on December 6, 2006 at 12:07 AM

Last post for you Babs – it looks like you want the government or Mr. Bush, or providence, or whatever/whomever to provide:

- nice house, with low taxes on it
- husband with high salary, while all others struggle with globalization
- husband who also comes home every night, while earning that high salary
- wife who stays home with the kids (while I think this is very noble, I still don’t think it’s anyone else’s responsibility – pluse home businesses these days are easier than ever in the computer age)
- nice cars, with low gasoline prices
- painted and in ship/shape house
- low insurance rates, paid by the government perhaps

Have you considered moving to another country? They offer 2-3 of the items listed and good luck with the rest. But I think it would provide you a lesson for a lifetime.

Entelechy on December 6, 2006 at 12:07 AM

Also, I think we all live way too lavishly, but heh, to each’s own. We’re free to do so.

Entelechy on December 5, 2006 at 11:57 PM

True, true! Living beyond your means is an financial accident waiting to happen. A lesson well learned in early in life. The difference between sleeping easy at night or in a car, parkbench, or overpass.
The choice is yours to make.

Kini on December 6, 2006 at 12:08 AM

Babs

$3500 a year to heat your house? Refinance to paint your house? I think you need a smaller house. Sell it!

R D on December 6, 2006 at 12:12 AM

sharinlite, I dind’t know or forgot that you’re also Californian. I live in North San Diego.

Btw, when clicking on your pen name, the system doesn’t link to your site. Regards,

Entelechy on December 6, 2006 at 12:17 AM

Which is why I bought a Honda.

Thats who my stepfather works for. lol

EnochCain on December 6, 2006 at 12:23 AM

Well Entelechy thank you for putting me in my place! I am clearly a consumer monger that wants something for nothing… because I have a sense of entitlement.
Thank you again for your fine words of wisdom.

My house is 110 years old. It is freezing cold in winter and boiling hot in summer. We do not have air conditioning and the heating system is so old that my bedroom is like a meat locker in winter. One of my friends likened it to “winter camping”.

All others “struggle with globalization”? Did you read what I wrote? We are on the cutting edge of globalization. No, let me correct that… The assemblers that no longer have a job in the United States are really the ones that are on the cutting edge.

Husband that comes home every night? Sorry, that was part of the job description when he was hired. We are not talking a few nights on the road here… We are talking a couple of months/year traveling to far off places because there is no manufacturing going on in the U.S. anymore.

A wife that stays home? Yeah, evil slacker that I am. I not only have a job that pays, I also am the Military Outreach Director for Operation Gratitude, not to mention running herd over my children.

Nice cars… My car is 10 years old. How old is your car?

Painted and in ship/shape house? The paint was peeling off in sheets. I guess we could have just let the wood rot.

Low insurance rates? Well, I don’t know where you live but, our insurance rates are sky high. I haven’t made a claim for the house or the cars in over 10 years and we still pay through the nose.

I understand that you would want to defend your parents. It really is too bad that you are so uninformed to know that others aren’t doing as well. As for moving to another country… That is just snarky of you. I am so sorry to have joined this thread and caused your ire.
I love the United States. Am I not allowed to point out our situation? There are many like us living in our community that are just hanging on by a thread. There are a ton of for sale signs in the community. Seems we are not the only ones that are being pressed by inflation of fixed costs vs salary increases.

Babs on December 6, 2006 at 12:29 AM

Can someone explain why it’s better to have everyone be equal and poor than to have a gap between rich and poor???

There is a catch – not all will be “equal and poor”. The ones in power (our government leaders) will live the good life in the lap of luxury. That’s why leftists argue this. The goal is to have the majority of people making about the same in take-home money, while at the same time controlling all those evil corporations. This further allows the largest of the “publicly held corporations”, the federal government, to grow beyond our wildest dreams.

Rick on December 6, 2006 at 12:43 AM

I don’t watch much TV and haven’t seen this Cavuto fellow before. That video is priceless.

To have the testicular fortitude to call an academic elite a liar on national television. Heh. That is absolutely priceless. I may have to stop in and watch Cavuto’s show sometime.

AZ_Redneck on December 6, 2006 at 12:45 AM

Babs, no offence to you. It works for us cause we’ve been living like this for years. You work things out to make things work. You learn to live cheap and to cherish what we have. These things in life, like roof leaks, earthquakes, delayed flights, snowstorms, broken appliances, we’ve learned to adapt, even without a family infrastructure to help. Life is too short to worry about the little things. Cancer, now that’s a big thing.

Kini on December 6, 2006 at 12:47 AM

Can someone explain why it’s better to have everyone be equal and poor than to have a gap between rich and poor???

There is a catch – not all will be “equal and poor”. The ones in power (our government leaders) will live the good life in the lap of luxury. That’s why leftists argue this. The goal is to have the majority of people making about the same in take-home money, while at the same time controlling all those evil corporations. This further allows the largest of the “publicly held corporations”, the federal government, to grow beyond our wildest dreams.

Rick on December 6, 2006 at 12:43 AM

Just look at the retirement our politicians get after one term. That will tell you why they don’t give a shit about they do once they get elected. That goes for every city office, any appointed office, any supervisor, etc… They are paid for the rest of their lives. And just who pays for that? Yep…..

R D on December 6, 2006 at 12:55 AM

I will quote Ross Perot – at one of the Presidential debates he responded to a question that used a quote from an university economist – close eyes and imagine the TWANG – “Well I don’t know of any University Economists that have much money – why would I listen to them?” AMEN

Krugman needs to get in his Yugo and take a drive outside of New York City. Million Dollar homes are poping up faster than corn. The people inhabiting them are working people. My business deals with families in their homes – I see it every day. Today I met a family – husband has a small plumbing business – wife is a teacher – $900,000 home. When I was growing up a family was doing good if they had 2 televisions – then 2 cars – now it is 2 homes. The economy is better than ever – low interest rates – many families have second and third incomes through home businesses.

I think that in addition to Krugmans BDS – he is feeling the heat from being on a sinking ship. If I worked for the NYT I would be sweating bullets too.

Go NEAL GO. CAvuto is a class act.

iam7545 on December 6, 2006 at 12:58 AM

People, Babs is not the enemy. She waqs just relating her particular situation. What needs to be noted is that Her family’s financial condition is not reflective of the nation’s financial condition. Unfortunately, Babs, it sounded a bit like you were making that extrapolation. If I was wrong about that I apologize. But conditions vary from household to household.

Ending a couple of years ago, I was out of work for almost three years. Now I am working steadily, but I have done better in the past also. We must all acknowlegde that things vary. We can’t take our situation and assume that the general economic health of the country reflects ours.

But neither can we expect that politicians have direct, short-term influence. Policies have long-term impact, as well as basic realities of external forces.

Yes, manufacturing has taken massive hits in this country. Babs, it sounds like you might have the same need that I have: to find a way to innovate and do something that we haven’t done before that may better suit our circumstances and that otherwise meets our needs.

urbancenturion on December 6, 2006 at 1:00 AM

Babs, no offence to you. It works for us cause we’ve been living like this for years. You work things out to make things work. You learn to live cheap and to cherish what we have. These things in life, like roof leaks, earthquakes, delayed flights, snowstorms, broken appliances, we’ve learned to adapt, even without a family infrastructure to help. Life is too short to worry about the little things. Cancer, now that’s a big thing.

Kini on December 6, 2006 at 12:47 AM

My Point Exactly!! Thank You.

R D on December 6, 2006 at 1:03 AM

Another almost incoherent post from me. Sorry people. It’s getting late, and I’m getting old, too old for this s***.

urbancenturion on December 6, 2006 at 1:04 AM

I never even alluded to taking my personal situation as a measure of the working people of the United States. Reread the thread… Although, I must say that in my particular neck of the woods many, many families are in the same boat. This is a small sample. It does not however negate our personal situation…
I cannot stand Paul Krugman but, that does not mean that my situation is untrue. The big wigs in my husband’s company are pulling down over 5 million/year while the “worker bees” are being relegated to raises in line with the national average of inflation of 3.5%. This doesn’t even begin to cover the increased costs of living in our locality. And, the big wigs know it (or else they are morons).
Yes, we need to sell the house to some doctor out there or university professor. The doctors can spend their time looking up the butts of the university professors… Good luck to both of them.
I lived in SoCal for 12 years. It got so bad that no one was willing to be in charge of the cub scout troop. The troop leader was approached by a parent that offered to pay her for her services… That was not a community that I wanted to live in. While we are all willy nilly running all over the globe to earn our bread, our social network is suffering.
Yeah, sell the house, move somewhere else. Find a community more willing to allow parents to engage in the activities that make us all Americans… Where is that?

Babs on December 6, 2006 at 1:19 AM

Babs

Not in the big cities. Maybe there is something to be said for those FLYOVER states.

R D on December 6, 2006 at 1:26 AM

Pure gold, Cavuto.

This illustrates perfectly the problem I have with most Bush/Republican haters… They have no compunction about lying and deceit. No character, no courage. (It takes courage to have character and they can’t understand they meaning of the word)

x95b10 on December 6, 2006 at 1:28 AM

Two years ago I was introduced to the Alternative Minimum Tax (AMT) while doing my taxes. How many of you have been nailed by this monster. Anyway, because of this, we have had to do things very differently, i.e., we had to cut back in order to pay this tax that we now qualify for. So much for hard work, investing for our retirements (wisely), and investing in our kids education.

Hey Babs, I hear you about insurance. About 6 blocks from my home, there is an apartment complex with many foreign nationals (who may or may not be illegal aliens). We have had two day-light break-in’s. When we had the 2nd break-in, our insurance agent told us if we file a claim this time, the corporate office will cancel our homeowners policy. So much for being a loyal customer for 10 years plus.

Wuptdo on December 6, 2006 at 1:35 AM

Hey Wuptdo – When we lived in SoCal my insurance agent told me we could get a break on insurance if we installed an alarm system. At the time, I had two little boys. An alarm system would have been a nightmare. I told the agent that I had better than an alarm system, I had a pit bull! I am absolutely sure that our dog would have given her life for us… Better than any security system.

Babs on December 6, 2006 at 1:41 AM

Babs – sounds like we have a classic case of people arguing past each other here. I don’t think you and the others would have got into such a tussle if the subject of the thread had been different.

Anyway, I know that having your family split up like that, even for a month, can be a real PITA and strain. My Mom & Stepdad are doing well now (last couple of years have been rough), but he has to travel a lot, and she can’t work much because of bad eyes (bad eye surgery), and because he needs her help when he’s in town (she’s very, very smart). She can’t even read much with her eyes in the shape they are, and it’s torture when he’s gone for a month at a time. People like to call it bitching, but it’s a piece of your life missing.

Anyway, best of luck and I hope things get better for you soon – heck, for all of us!

Try to be frugal. It probably seems like you’re doing everything you can, but you’d be surprised what you discover you can save money on if you put yourself in a survival mindset. :)

Merovign on December 6, 2006 at 3:44 AM

Babs may inadvertently explained her lot in life with this comment,
” At the time, I had two little boys. An alarm system would have been a nightmare. I told the agent that I had better than an alarm system, I had a pit bull!”

there it is on December 6, 2006 at 8:53 AM

The economist guy screws up and admits he’s a Democrat propagandist when he plays the “not fair and balanced” card. That is the card Democrat politicians who go on FOX news always play when they’ve been busted.

Perchant on December 6, 2006 at 8:59 AM

Entelechy on December 5, 2006 at 10:27 PM

You are right about too much credit, it was more of a poke in the eye to the mis-informed. Our economy is driven by individuals who fight competition and the government regulations everyday. Government does not create jobs or profits…it taxes and regulates.
Thank you for pointing that out.

right2bright on December 6, 2006 at 9:38 AM

Neil Cavuto is always cool. I still remember when he hoe-checked Jacques Chirac.

Black Adam on December 6, 2006 at 9:39 AM

Babs said:

our property taxes have gone from $8,000/year to $14,000/year and our heating bill is in excess of $3,500/year. Our electricity has gone from $100/month when we moved in to $250/month today. Gasoline has more than doubled.When we moved in here gas was $0.99/gallon. It is now $2.47/gallon at the local station.

In all seriousness, consider relocating to Nashville, Tennessee. Nice amenities, lots of growth, quite a bit of manufacturing. 2000 s.f. home in a nice neighborhood is about $300K, taxes about $4k. No state income tax. High sales tax though.

shuzilla on December 6, 2006 at 9:52 AM

Krugman never mentions the incredible upward mobility of the low to average, the average to high, and the high to wealthy. One of the reason for the disparity is the speed in which one can move from one economic class to the other. Never in the history of the world can so many people move up the economic ladder. The Asians are a great example, immigrating, assimilating,educating and creating wealth.
Yes, there are failures and setbacks, but many of those pick themselves up and move on. Adding to the disparity is the rise of the internet. Imagine, from a garage to a billion dollar company in less than 18 months (youtube).
America..ain’t it grand!!

right2bright on December 6, 2006 at 9:53 AM

shuzilla on December 6, 2006 at 9:52 AM

Good post, I left California after many decades. Moved to North Carolina (took my money and ran), lower taxes, lower cost of living, better enviornment, the list goes on. Had to start my own business and re-invent myself, but it has been worth it. Sometimes, Babs, things have to get kinda bad to motivate a person to make a change. Sounds like you and your husband have a lot to offer a community and business. And I am sure you are not living beyond your means. Some of the manufacturing areas have been dissimated, that is why I moved out of California (I was a VP of manufacturing), I saw the writing on the wall. Sometimes we are so intent in making a living, we don’t look up and see where or how we are living. You have alternatives. Best of luck, you sound like a great family. And thanks to your son for serving in our military, our prayers are with him.

right2bright on December 6, 2006 at 10:04 AM

I love it when I, with my 43K annual salary, am described as SUPER-RICH.

Oh, and as far as globalization goes, I’ll let you in on a little secret. Overseas outsourcing is a fad. In 10 years, outsourcing will be looked at like the Internet Bubble. Bottom line, companies don’t save money, they get a crappy product, and support sucks. Do you want an example? Gateway’s biggest selling point these days is that 100% of their customer support is stateside.

BohicaTwentyTwo on December 6, 2006 at 10:17 AM

how can Kavuto call that guy a genius? He’s a hard left ideologue who tossed his intellectual capacity out the window a LONG time ago in favor of the bush phobia mindset.

One Angry Christian on December 6, 2006 at 11:31 AM

Princeton’s bias exposes itself again. (Big Surprise). This quote from Andrew Lang (1844-1912) seems so appropriate for Krugman:

“He uses statistics as a drunken man uses lamp posts … for support rather than illumination”

omegaram on December 6, 2006 at 11:45 AM

I agree that I have a hard time understanding why Neil considers him brilliant.

I thought that a brilliant person was at least occassionally right.

Natrium on December 6, 2006 at 11:45 AM

Amazing. I love Cavuto after that.

msipes on December 6, 2006 at 12:23 PM

Another almost incoherent post from me. Sorry people. It’s getting late, and I’m getting old, too old for this s***.

urbancenturion on December 6, 2006 at 1:04 AM

Actually, your post made a lot of sense.

right2bright, I might know you. At least I know someone with the exact background/story. Good for you on your decisions and all the best.

Babs, I left the last message and then went to sleep. Much has been written since. It is obvious that we’ve been talking/writing by each other and not with each other.

To be very clear – I have much understanding about the manufacturing transition the world finds itself in. I don’t even like it. I also agree with those who wrote that the outsourcing will end up not being such a good move, for many businesses. The customers are fed up, for good reasons.

My main point was and is that all which is happening is not the fault of any president or person. Whoever wins in 2008, will have this continued on their watch. I want to see what Mr. smartypants Krugman has to say then. If it’s a democrat he’ll laud him/her, if not he’ll continue on his rant.

To the specifics, and I really don’t like to there because it can get very emotional:

- I am not a callous person who doesn’t understand or help others – in the contrary. It just appeared that you were listing all the ills, while implicitly feeling that it was someone’s fault.
- I grew up in a one-bedroom house, of non-burned brick (which means made of water and dirt), with no running water, no heating system and an outhouse at the end of the yard. In the winter us kids were constantly afraid that the wolves would eat our butt if we had to go at night.
- My cars are usually very old but in functioning shape. I am not one of those who have to have anything of the latest.
- I had to switch jobs/professions a few years ago due to globalization and corporate acquisitions/dissolutions. It turned out to be a blessing. Yes, it was hard and not at all definite at the time.
- Many, many, many families, ours too, are separated for far more than yours and we just make arrangements and live with it.
- Gasoline in Europe is 3 times higher.
- Taxes in Europe are at least 1 1/2 times higher
- No place is better than here, at least not materially, from a standard-of-living standpoint, regulations, taxes, etc. etc. Yes, some claim that we are crazy to work so hard and that they have it better for not choosing to…to each’s own, so long as we can choose.
- There are many options and place to go for, including Tennessee and North Carolina, as mentioned.

Above all, I think you are a nice family and that you will find your ways, so long as you stick together and weigh the options and not staying put, while contemplating too much on the current situation.

And again, please thank your son for his services and we thank you and husband for having raised him to be who he is.

I hope you will soon look back at this exchange and garner something positvie from it, namely that it was worth having this discussion to get you to think outside of the community’s situation of this time.

With the best wishes for positive change for you and family, regards,

Entelechy on December 6, 2006 at 12:28 PM

That upwards glance is where Krugman assumed the intellectual fetal position.

bloviator on December 6, 2006 at 12:41 PM

I hate references to “the gap” because even if absolutely everyone is doing a full 100 times better than they were, the gap would actually be a hundred times wider than it was. “The gap” is no measure of how well people are doing.

JohnJ on December 5, 2006 at 9:32 PM

Exactly!

You ever notice the any death toll is always reported as continuing to rise? Duh, same kinda thing.

pappy on December 6, 2006 at 1:13 PM

“…you are lying to people.”

The quote of the entire piece. Go Cavuto!

Puritan1648 on December 6, 2006 at 1:28 PM

I told the agent that I had better than an alarm system, I had a pit bull! I am absolutely sure that our dog would have given her life for us… Better than any security system.

Babs on December 6, 2006 at 1:41 AM

If I told my insurance company about my pit bulls they would cancel my policy due to “vicious breeds.” Although I’ve been bitten by dogs exactly twice- once by a Cocker Spaniel and once by a West Highland Terrier. I somehow doubt those breeds are on the “viscious” list.

Until our litigious society begins punishing those who bring frivolous lawsuits (like the robber who tried to sue the homeowner because he fell through a skylight during an attempted robbery) we will see more increases in premiums with decreases in coverage… God forbid Edwards gets the presidency.

NTWR on December 6, 2006 at 1:47 PM

Krugman either is willfully ignorant or just plain ignorant. Or blinded by bias.

Why does this have to be an either/or choice? I’d say he’s all three, in a major way.

thirteen28 on December 6, 2006 at 2:05 PM

Krugman, what a pathetic man. Without even caring, he admits that his dislike for Bush colors his analysis. He admits everything is great with the economy but then says it’s in the tank because “people” don’t “feel” good about their economic situation. What a brilliant man, brilliant. Let’s send out a war correspondent to find out how the war is going but only from the vantage point of the enemy. Forget events on the ground and reality, let’s see how the enemy “feels” about being defeated. Let’s only accept stories from stringers affiliated with the enemy….wait a minute…my fault, that is already happening….the AP…

Typical liberal “un-reasoning” basing their psuedo-facts on feelings rather than actual thought or data…

ritethinker on December 6, 2006 at 2:20 PM

I live in flyover country. If I had anywhere near $14,000 for tax on my 3500 s.f. home I would move. That is 6 times what I pay.
I guess it’s all what you get used to.

This statement isn’t directed at anyone, but if we don’t all try to buy American products, we can all kiss our American jobs goodbye. If you don’t buy from where your neighbor works, how can you expect your neighbor to help keep you in a job.

Gooch on December 6, 2006 at 3:59 PM

The screencap says it all. As his eyes are rolling up and to (his) right, he’s saying that he hadn’t heard one lie(in the things that Cavuto said were lies).
If we apply Neuro-linguistic Programming (NLP) Eye Access Mapping, it means he’s accessing the visual construct portion of his brain. A cop trained in this would say he’s lying. Sorry, MirCat, the directions are based on the observers left and right not the person being observed. http://nlp-practitioners.com/ interactive/eye-access.htm. Please note that eye access mapping is currently a controversial theory in NLP

Catseye on December 6, 2006 at 5:19 PM

Let’s see. High paid liberal celebrities, but conservatives give more to charity by far. Highest, and most burdonsome taxes mainly confined to Blue States (and this country was founded because of a tax on TEA). For the working man, while the working man is taxed out of existance to support those who don’t bother to work.

And dumba**es who keep voting for them.

Who’s screwing who?

TheSev on December 6, 2006 at 6:02 PM

Wow! He’s clearly uncomfortable that his bias is being pointed out in such a public forum. No typewriter to hide behind while launching his anti-Bush rhetoric this time. His discomfort at being exposed really climaxes in the very lame and over-used “fair and balanced” jibe. What a putz!

thedecider on December 6, 2006 at 10:30 PM