What? No space alien attack stimulus? No trillion dollar coin minting to pay down the debt? Say it ain’t so:

In a blog post on the New York Times website, columnist Paul Krugman says no to serving as treasury secretary. Which is clarifying, even though he was never offered the job anyway.

“Yes, I’ve heard about the notion that I should be nominated as Treasury Secretary. I’m flattered, but it really is a bad idea,” writes Krugman.

The first reason Krugman lists is, he admits, that he’s “indeed the World’s Worst Administrator — and that does matter.”

The second reason: “Oh, and there’s not a chance that I would be confirmed.”

But the foremost reason, according to the guy who was never offered the job in the first place, “is that it would mean taking me out of a quasi-official job that I believe I’m good at and putting me into one I’d be bad at.”

I’ll bet the real reason is that Krugman wouldn’t want to be directly accountable when his pet theories that work in New York Times articles and in academia go down in flames after being applied to the real world — the ones that haven’t already, that is.

The push to draft Krugman for Treasury Secretary is that of Danny Glover and MoveOn.org, and nothing screams “great idea” like a proposal from those two.

One thing I’ll give Krugman here: it’s unlikely he would have done a worse job than Turbo Tim.


24 Responses to “Farewell Alien Attack Stimulus: Paul Krugman Says it Would Be a ‘Bad Idea’ to Nominate Him for Treasury Secretary”

  1. Truesoldier__ on January 7th, 2013 3:02 pm

    Couldn't agree with you more Doug. Just think of how many professors Obama has had in his administration who have put their acadmeic theories into action only to see them fail in the real world, so they slither back to their university gig to continue to teach their recently failed theories to the youth of the country.

  2. SignPainterGuy on January 7th, 2013 4:06 pm

    "so they slither back to their university gig to continue to teach their recently failed theories to the youth of the country."
    Just ONE of numerous reasons I`m no longer disappointed that I didn`t go to a liberal arts college.

  3. SignPainterGuy on January 7th, 2013 4:08 pm

    But, but, The UK Guardian and several from around Europe think PK SHOULD be appointed T. Sec. ! They LOVE his ideas !

  4. Marshall_Will on January 7th, 2013 4:22 pm

    Austan Goolsbee for one..! And of course, I can always find a reason Obama wasn't really 'elected' on days that end in Y. The Exodus to Academia!

    Krugman's delusions are now complete. In other news he will not be accepting any offers as starting QB for the Lions.

  5. Marshall_Will on January 7th, 2013 4:51 pm

    And under Doug's "It's Come To THIS?" files:

  6. Truesoldier__ on January 7th, 2013 4:55 pm

    And the world wonders why the world is in such financial problems.

    I nearly laughed (till I realized they were serious) when they announced the idea of minting a $1 trillion coin to solve our poblems as it wouldn't be printing money out of thin air. A couple of liberals that I worked with thought that was a grand idea at all. They kept saying how it made sense because when you print paper money it just leads to inflation as it is creating money out of nothing, but because this was an actual coin it was different because it was a coin made out of platinum and platinum has intrinsic value.

    So I burst their bubble by pointing out for the coin to truly be worth $1 trillion the weight and size of the coin would require a modified armored vehicle to carry it and a hydraulic lift to put it into and take out of the truck. It was fun watching that realization come across their faces.

  7. Marshall_Will on January 7th, 2013 5:10 pm

    redhawk1948 1 day ago

    I was doing a little basic math on this subject. Johnson Matthey, the
    refiner, says that about 186 tons of platinum are produced a year.
    Price of platinum is about $1541/troy oz.

    $1,000,000,000,000/$1541= 648,929,266 troy oz

    648,929,266/32.1507 troy oz/kg= 20,183,985 kg

    20,183,985/2.2 kg/lb= 9,174,538 lbs

    9,174,538/2000 lb/ton= 4587 tons

    It doesn´t seem as though there´s enough platinum to buy to do this. The coin would be one Monster coin at 4587 tons!

  8. Truesoldier__ on January 7th, 2013 5:13 pm

    Sounds like a twitter topic…other jobs that PK will not be accepting even though he was never offered it.

    I would add

    Action hero in the next Expendables movie
    The newest member of Chip & Dales
    The next guitarist for Ozzy Osbourne

  9. Truesoldier__ on January 7th, 2013 5:18 pm

    It is sad that someone has to introduce legislation to avoid turning us into the Weimar Republic.

  10. Truesoldier__ on January 7th, 2013 5:21 pm

    O/T…I am wondering what is going on with Obama planning on nominating Chuck Hagel as SecDef. Hagel doesnt have enough support from R's or D's in the Senate to get confirmed, so it seems very curious that Obama would nominate him. The usual suspects of liberal social groups have come out against Hagel and the Conservative groups are none to pleased as well.

    This makes me wonder just what is Obama trying to distract us from?

  11. Truesoldier__ on January 7th, 2013 5:26 pm

    Also, were is the MSM calling on the freedom of the press in this case:

    A paparazzo who took photographs of the daughters of President Barack Obama walking along a Hawaiian beach last week made a big mistake — at least, in the eyes of the Oval Office.

    Because as soon as the images of Sasha and Malia were sent out to news outlets around the world, the photographer received an official letter from the White House telling him to immediately stop their release, Celebuzz has exclusively learned.

    Ironically, the man was waiting for pregnant Hollywood star Jessica Simpson to leave her Kailua Beach retreat in Honolulu County when the Presidential sisters, vacationing with their famous parents in an adjacent property since Dec. 21, came walking-by.

    “After he took the photographs, agents from the United States Secret Service came over and asked him for identification,” according to a source who insisted on anonymity because they were not authorized to speak publicly. Celebuzz has chosen not to name the photographer.

  12. jeffythequick on January 7th, 2013 6:59 pm

    Mr. Krugman is correct in the way that a broken clock is correct twice a day.

    But in his case, he's a digital clock.

  13. Truesoldier__ on January 7th, 2013 7:47 pm

    And his numbers are flashing all the time.

  14. SignPainterGuy on January 7th, 2013 8:20 pm

    For mental-visual reference, 4587 long tons is just a bit larger than a modern US Navy frigate and about half the size of a guided missile destroyer.

    That`d be a rather large coin, for which there is no minting machine large enough for the job. IF it were indeed "minted" as you point out, TS, it would not be moved easily.

    P.Krugman suggested that the coin be used to "solve our problems" which implies spending it. Who gets it ? Who could make change ? Where would it be stored ? Our "problems" are far larger than just ONE Trillion Dollars thus requiring a really large stack or stacks of these coins. Would there have to be $25 Trillion coin-wrappers ?

    PK`s coin idea is quickly becomming ludicrous to the extreme !

  15. SignPainterGuy on January 7th, 2013 8:23 pm

    It is my understanding that our constitution requires a "Republican" form of government (pause for exploding lib heads), so that legislation is already superfluous !

  16. SignPainterGuy on January 7th, 2013 8:23 pm

    Hmmmm, heads on a swivel folks !

  17. SignPainterGuy on January 7th, 2013 8:27 pm

    As in, the LCD / LED is not visible ? Paul "Never Right" Krugman; kinda flows off the tongue, doesn`t it ?

  18. ChapBix on January 8th, 2013 2:36 am

    Most likely, that is the first, and only, statement of Krugman's that I will ever agree with.

  19. ChapBix on January 8th, 2013 2:39 am

    Unfortunate that he will never be the QB, starting or otherwise, of any football team. The first slam to the ground (on the first play from scrimmage?) might actually knock some sense into that air-filled skull of his.

  20. Truesoldier__ on January 8th, 2013 1:32 pm

    PK's idea was to mint it then deposit it at the Federal Reserve to say see we have money in the bank, we are not broke. Of course that would be the same as you or I writing a $1 trillion check and depositing it in our checking account hoping to spend the money before the bank caught on that there were no funds to back the check.

  21. SignPainterGuy on January 8th, 2013 2:50 pm

    There`s a rumor that has circulated last year about Bill and Shrillary`s involvement in moving our gold out of Fort Knox to China and other countries that has been stolen. Some bricks actually did turn up that were carbide (or another metal of the same weight of gold) plated in gold. How many and how widespread is still not known.

    It sounds ludicrous; the logistics would seem to make it nearly impossible, but the secrecy afforded by the diplomatic pouch does`t completely rule it out !

  22. Truesoldier__ on January 8th, 2013 4:02 pm

    To be honest it does make some sense. Why else would China continue to loan our broke country money unless they were being paid in advance.

  23. imoforpcs on May 2nd, 2017 11:27 pm
  24. imoforpcs on May 2nd, 2017 11:52 pm

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