http://gatewaypundit.rightnetwork.com/2010/11/mathew-yglesias-is-a-dishonest-far-left-crank-who-is-incapable-of-understanding-economics/
Do you notice anything strange about this chart? The chart breaks down economic growth into 5 year segments. Notice that the chart breaks up the Bush years from 2001 to 2005- during the Clinton recession and 9-11 – and 2006 to 2010- including the mortgage meltdown of 2008 and Obama’s failed first two years in office. Of course, breaking up the Bush years in this way is a clever way for big government statists to misrepresent the tax cut effects on the US economy.
But of course! When they can't show their stupid ideas actually...you know...WORK, they simply LIE. It is the Collectivist way. Like "creating or saving jobs". But we know them, and the rest of America is waking up, too.
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So 2006-2010 was(is) pretty bad. Please choose one.
ReplyDeleteA) Bush and his cronies destroyed the economy.
B) George Soros got richer.
C) The Clinton recession/9-11/Tech bubble was never really over, it was just postponed by artificially low interest rates causing the housing bubble.
D) Uncertainty has prevented a recovery.
E) B, C, and D above
Dunno, but I think I'm going with the big answer...E!
ReplyDeleteI'm not enthused about C, but it is sure arguable. I never thought of it that way, and the housing debacle caused by the Collective messing with the markets always seemed quite enough for me. But, hey, I'd love to have that thought in C expanded on.