Robert Donachie, DCNF
Nobel Prize-winning economist and New York Times contributor Paul Krugman has an interesting idea for what should become a national icon if America can “survive” the presidency of Donald Trump: “pink pussy hats.”
Krugman wrote an op-ed Christmas Day that claimed America is on the verge of collapse under the leadership of “dictator wannabe” Trump, and the only thing that will save the nation is the “highly energized resistance” on display at events like the women’s march in January in Washington, D.C.
“That resistance made itself visible literally the day after Trump took office, with the huge women’s marches that took place on Jan. 21, dwarfing the thin crowds at the inauguration. If American democracy survives this terrible episode, I vote that we make pink pussy hats the symbol of our delivery from evil,” Krugman wrote.
Hundreds of thousands of women marched on Washington the day after Trump took office in one of the largest civil protests in the nation’s history. The women wore pink beanies with cat ears sewn on top, which were called “pussy hats.”
The resistance is the last bastion of hope for America, according to Kurgman, thwarting an effort on the part of Republicans and the president to create an “authoritarian” state.
While Krugman believes the nation is at a crucial point in its history, he has “far more hopeful than I was a year ago.”
“America is not yet lost,” he wrote.
Krugman has long been critical of Trump, dating back to his time on the campaign trail. He has called the mental health, intelligence, and morality of the president into question on multiple occasions.
His hatred for Trump can occasionally get in the way of his economic predictions.
The day after Trump defeated former Secretary of State Hillary Clinton, Krugman predicted the stock market would collapse, sending the economy into a recession.
The Dow is up over 5,000 points and has notched over 70 record high closings since Trump took office in January. The index gained just over 2,465 points in Obama’s first 11 months.
While the S&P 500 grew the least of the three major U.S. indexes under Trump, it is still up over 21 percent since the November election and has closed at record highs well over 50 times.
The market has gained between $4 and $5.6 trillion in capitalization in Trump’s first year.
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