Quantcast
Connect with us

Howard Schultz’s presidential dream crushed by Paul Krugman in devastating ‘nobody wants him’ tweetstorm

Published

on

Nobel Prize-winning economist Paul Krugman likely put a huge dent in the presidential aspirations of former Starbucks CEO Howard Schultz on Tuesday morning in a series of tweets that exposed the businessman as nothing more than a conservative posing as a centrist.

Along the way, he mocked the idea that the country is clamoring for Schultz to run, snarking, “Who says there are any Schultz voters? Aside from immediate family, and given secret ballots not sure about them.”

ADVERTISEMENT

In the series of tweets, the New York Times columnist called out Schultz for a presidential campaign that seems based on an oversized ego, saying he may not last long in the public eye.

“Howard Schultz may go away once he realizes that nobody wants him,” Krugman tweeted. ” Or maybe not: with great wealth comes great ego, plus people who will feed it. But let’s treat this as a teachable moment about what centrism means in America today ”

Using links to Schultz’s comments about opposing Medicare for all and attacking Social Security, Krugman agreed that the executive is actually “running as an anti-Democrat.”

He later tweeted the CEO is getting the red carpet treatment from the media who are pushing his nascent campaign based on sketchy economic theories in much the same way they lavished praise on former House Speaker Paul Ryan (R-WI).

ADVERTISEMENT

“For Schultz is basically the very model of a major modern centrist. Remember, the Simpson-Bowles report, which induced rapture in the Beltway establishment, called for CUTS in marginal tax rates” Krugman tweeted. “And concern about fiscal responsibility was always selective. Awards for Paul Ryan; effective silence when the Trump tax cut blew up the deficit; but constant stern lectures to Democrats about how they must pay for their promises”

The economist then got to his point.”The point is that while Schultz is especially awful in his timing and egotism, his messed-up priorities are unfortunately all too typical in the green-room set, which doesn’t seem to have learned anything from the debacles of recent years,” he wrote.

You can see all of the tweets below:

ADVERTISEMENT


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

3 out of 9 companies in one state have filed for bankruptcy since Trump promised to ‘bring back coal’

Published

on

Donald Trump in coal hard hat thumbs up

President Donald Trump's promises to coal miners have fallen along with his other broken campaign promises. Another state is facing the harsh reality that Trump is not riding in on a white horse to save them.

According to Axios, three out of the nine coal companies in the Powder River Basin in northeastern Wyoming have filed for bankruptcy and another two companies are consolidating. Kentucky coal miners have been protesting Blackjewl, which filed for bankruptcy in July, withdrawing payroll dollars from miners' accounts. Little has been heard about the Wyoming workers as those companies crumble, however.

Continue Reading

Breaking Banner

Why you should sell your house now — and not wait for the climate to change

Published

on

Cities across the United States are already seeing the impacts of climate change. Sea levels are on the rise in Miami, Florida, where ocean waters creep into the streets, even when it isn't raining. Massive wildfires have taken out whole neighborhoods in California and in Alaska, about 2.5 million acres have burned since July 3. Wildfires there are getting worse, according to experts.

The problem of climate change has reached a dangerous level for some homeowners in areas that are no longer insurable. In Miami, for example, the "street-level" is now considered the basement and insurers are dropping coverage for basements. According to the Daily Beast, at least 340,000 California homeowners lost their property insurance coverage between 2015 and 2018 because the wildfires are getting worse and companies don't want to pay out when homes are destroyed.

Continue Reading
 

Breaking Banner

GOP lawmakers working behind the scenes with Democrats to curb Trump’s tariff madness

Published

on

According to a report from Wall Street Journal, Republican lawmakers are working behind the scenes to rein in Donald Trump's penchant for declaring tariffs willy-nilly depending on how he feels about other countries and their leaders at any given time.

As the president trade war rages on -- impacting manufacturers, farmers and consumers alike -- Republicans looking at the 2020 election are desperate to turn around a U.S. economy that looks headed for a recession.

Continue Reading
 
 
Help Raw Story Uncover Injustice. Join Raw Story Investigates for $1. Go ad-free.
close-image