Paul Krugman: Mitt Romney will make us Irish [View all]

[kpete]

Paul Krugman: Mitt Romney will make us Irish

New York Times columnist Paul Krugman is warning that Mitt Romney will turn America into an economic basketcase like Ireland if he wins the White House.

“Ireland is Romney economics in practice. They’ve laid off a large fraction of their public workforce, they’ve slashed spending, they’ve had extreme austerity programs,” Krugman said on “The Colbert Report” on Monday night, promoting his book, “End This Depression Now.”

“They have 14 percent unemployment, 30 percent youth unemployment, zero economic growth. Ireland is a demonstration - Ireland is America’s future if Romney becomes president,” Krugman added.
“But the Irish can handle it,” Colbert deadpanned. “The Irish do very well in bleak, depressing times. They’ve got those jigs and everything that they do.”

Read more: http://www.politico.com/news/stories/0612/77578.html#ixzz1yFyuFrlX