One year ago, when unemployment stood at 9.4%, Obama bragged about saving the economy: “Today we’re pointed in the right direction … we’ve rescued our economy from catastrophe.” Oh, really? Tell that to the people still standing in the unemployment line, Mr. President. Unemployment is actually higher today (9.5%) than it was when he made this […]
Health Care BS
Economics BS —
Category Archives: Economics BS
KRUGMAN BENDS THE PLAUSIBILITY CURVE
Paul Krugman isn’t a stupid man. He is, however, such a slave to his ideology that he often makes claims for which the only appropriate adjective is ”dumb.” Yesterday, for example, he produced a blog post in which he made following preposterous assertion:
[T]he Medicare actuaries believe that the cost-saving provisions in the Obama health reform will make a huge […]
VIDEO: OBAMA’S PATHETIC DEFENSE OF HIS UNEMPLOYMENT NUMBERS
Obama struggles in vain to justify the worst unemployment numbers in a quarter century by saying it could be worse. This is like saying, “Yea, I’m dumb, but at least I’m not ugly.” I guess there are people out there somewhere who actually buy this BS, but watch the audience behind him as he talks. I […]
VIDEO: PELOSI THINKS UNEMPLOYMENT CHECKS CREATE JOBS
A few weeks ago, a survey was released that showed progressives to be generally illiterate where economics are concerned. If that survey didn’t convince you, this video of Nancy Pelosi talking about job creation will close the sale. She actually seems to believe that unemployment checks create jobs:
It creates jobs faster than almost any other […]
OBAMACARE REGS RELEASED AND EVEN THE NYT VIEWS THEM WITH A JAUNDICED EYE
Yesterday, the rules governing health insurance in the brave new world of Obamacare were released, and even the cheerleaders at the NYT view them with a jaundiced eye:
In some respects, the rules appear to fall short of the sweeping commitments President Obama made while trying to reassure the public in the fight over health legislation.
Sweeping […]
ZOGBY POLL: THE LEFT FLUNKS ECON 101
If you have ever wondered why progressives support so many fiscally unsustainable programs (e.g. Obamacare), a new Zogby survey provides the answer—our liberal friends just don’t get the math:
Who is better informed about the policy choices facing the country—liberals, conservatives or libertarians? According to a Zogby International survey … the left flunks Econ 101.
The Zogby researchers ascertained the political […]
THE IGNORANCE ECONOMY
In his latest column Thomas Sowell explains, in a single paragraph, why the Obama recession continues unabated:
Even though some people say we are living in a “knowledge economy,” we are living in a political atmosphere in which ignorance has more power than ever.
He then explains how this affects the economy:
Washington politicians who have never run […]
CAVEAT EMPTOR!
Paul Hsieh has a great op-ed at PajamasMedia about the Neo-Keynesian snake oil being peddled by a variety of left-leaning economists and journalists. They tell us not to fret about federal deficits, but Hsieh warns us not to trust them:
Suppose a traveling salesman came to your neighborhood peddling a miraculous snake oil remedy that would cure your baldness, […]
VIDEO: SEIU THUGS STORM PRIVATE HOME OF BANKER. WILL THE MSM CALL THEM A “MOB”?
Sunday afternoon, 700 SEIU hirelings showed up on the front lawn of Gregory Baer, a lawyer for Bank of America. Try to imagine how it would play in the “news” media if hundreds of Tea Partiers stormed the private home of some union lobbyist.
But will we see MSM “reporters” frown into the […]
MR. PRESIDENT, I NEED A FREAKIN’ JOB
Last week, President Obama announced that the increase (from 9.7% to 9.9%) in the unemployment rate was very encouraging news. Well, a billboard that has popped up on the Niagara Thruway suggests that not everyone is so sanguine about the job situation:
