NY Post "New York Times economic columnist Paul Krugman got blasted on social media on Tuesday after he insisted the US economy is enjoying a “Biden boom” — despite a recession and record levels of inflation.
"The Nobel Prize-winning professor posted a chart comparing the cumulative number of jobs added during the first two-and-a-half years of President Biden’s term and the four years in which his predecessor, Donald Trump, was in office.
"Krugman then doubled down on his insistence that the US is not in the midst of a recession.
“ 'The problem may be that the Biden economy boomed *too much*, feeding inflation, and that it now needs to cool off, which may involve a recession (but hasn’t yet),” he tweeted. “But the basic fact is that so far the Biden economy has added 9 million jobs. So it has been a jobs boom, whatever else you may say.' ”. . .
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