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(New York Magazine)   Paul Ryan and the Republicans don't let things like "facts" and "reality" and "empirical evidence" get in the way of their economic point of view   (nymag.com) divider line 223
    More: Obvious, Republican, empirical evidence, Yuval Levin, Carmen Reinhart, Independent Payment Advisory Board, electronic medical records, Kenneth Rogoff, National Affairs  
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4984 clicks; posted to Politics » on 11 May 2013 at 12:26 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-11 08:50:24 AM  
it's actually pretty simple, as far as the US and europe go, supply-side, trickle-down economics has never worked and keynesian economic theory has. they are pushing a failed notion simply because they and their masters want to pay as little tax as possible.
 
2013-05-11 09:45:19 AM  
Republicans talking about economics is a lot like an 8-year-old talking about sex. They have no clue what they are talking about.
 
2013-05-11 11:39:38 AM  

NewportBarGuy: Republicans talking about economics is a lot like an 8-year-old talking about sex. They have no clue what they are talking about.


An 8 year old is at least the product of sex.  So he knew something about it as early as 8 years and 9 months ago.
Whereas trickle-down economics hasn't worked for at least 30 some odd years.
 
2013-05-11 11:57:01 AM  

Karac: Whereas trickle-down economics hasn't worked for at least 30 some odd years.


It is so obviously a Feudal economic system. I can't believe how many people they swindle with it.
 
2013-05-11 12:00:28 PM  
i1282.photobucket.com
 
2013-05-11 12:04:04 PM  
Why would their economic point of view differ from any of their others?
 
2013-05-11 12:04:05 PM  
Dear Subby:

You could have ended the headline after the word "way" and it would still have been just as cromulent.
 
2013-05-11 12:22:03 PM  

Karac: Whereas trickle-down economics hasn't worked for at least 30 some odd years.


No, it has worked brilliantly for its creators.
 
2013-05-11 12:34:47 PM  
i400.photobucket.com
 
2013-05-11 12:38:02 PM  

doyner: Karac: Whereas trickle-down economics hasn't worked for at least 30 some odd years.

No, it has worked brilliantly for its creators.


Yep. Trickle down is DESIGNED to suck all the wealth from the middle class into the pockets of the wealthiest. And it's been working beautifully.
 
2013-05-11 12:39:46 PM  

NewportBarGuy: Republicans talking about economics is a lot like an 8-year-old talking about sex. They have no clue what they are talking about.


You don't know the right 8-year-old... heh, heh, [cough, wheeze]
 
2013-05-11 12:41:46 PM  
ya.. cuz Dems are all so honest about their economic bs.. they're both FOS... troll on peeps
 
2013-05-11 12:44:00 PM  
When have they ever?
 
2013-05-11 12:45:04 PM  

FlashHarry: it's actually pretty simple, as far as the US and europe go, supply-side, trickle-down economics has never worked and keynesian economic theory has. they are pushing a failed notion simply because they and their masters want to pay as little tax as possible.


The same keynesian economics that allowed us to enjoy a "great" depression while the rest of the world simpley went though a depression? Even FDRs financial advisor called a failure. Do you want to go into what happened when Hoover tried it? Care to google "Hoover flag"?

I guess the author of the article hasn't been checking the news lately. The people behind The ACA (even one of the co-authors) have admitted it going to cost billions more than projected to get into place and increase insurance premiums by 50-60 percent.

It's ok to want to end private healthcare and install a single payer healthcare system. What's not ok is lying about and trying to it piece by piece. We voted him in! Elections DO consequences. I just wish the White House would be honest with its intentions. But more and more this White House looks like it is having trouble telling the truth.
 
2013-05-11 12:47:28 PM  

diaphoresis: ya.. cuz Dems are all so honest about their economic bs.. they're both FOS... troll on peeps


I'll take a Krugman over a Ryan every single day of forever.
 
2013-05-11 12:47:50 PM  
When Ryan was offered the VP nom I had a suspicion that he wasn't the first choice (or maybe even the third), that everyone in front of the line was heavily vetted after the Palin fiasco and disqualifications arose for each of the frontrunners.  Rob Portman has a gay family member (gasp!), BoB McDonnell is taking money under the table, Chris Christie is actually a Clinton democrat, and Marco Rubio is suspiciously tan.

And for the life of me I can't figure out how this guy got the reputation for being the "numbers guy" of the republican party.  He wasn't able to articulate his own financial position during the campaign or the debate, part of that appears to be Romney muzzling him (why select a VP candidate and keep the quiet about their singular supposed strong point?) but both before and after the election he doesn't seem to understand what he is championing.  If this guy is the smart one of the party its much less praise for the man but a condemnation of the party itself.
 
2013-05-11 12:49:05 PM  
Why should today be different from any other day?
 
2013-05-11 12:50:30 PM  

the opposite of charity is justice: When Ryan was offered the VP nom I had a suspicion that he wasn't the first choice (or maybe even the third), that everyone in front of the line was heavily vetted after the Palin fiasco and disqualifications arose for each of the frontrunners.  Rob Portman has a gay family member (gasp!), BoB McDonnell is taking money under the table, Chris Christie is actually a Clinton democrat, and Marco Rubio is suspiciously tan.

And for the life of me I can't figure out how this guy got the reputation for being the "numbers guy" of the republican party.  He wasn't able to articulate his own financial position during the campaign or the debate, part of that appears to be Romney muzzling him (why select a VP candidate and keep the quiet about their singular supposed strong point?) but both before and after the election he doesn't seem to understand what he is championing.  If this guy is the smart one of the party its much less praise for the man but a condemnation of the party itself.


Isn't Ryan also the guy that submitted a budget that didn't actually contain any numbers? Or is that apocryphal?
 
2013-05-11 12:52:35 PM  

ikanreed: diaphoresis: ya.. cuz Dems are all so honest about their economic bs.. they're both FOS... troll on peeps

I'll take a Krugman over a Ryan every single day of forever.


No, no. Diaphoresis is right. Just look at the Dow under Clinton, then the Dow under Bush, and then the Dow under Obama. Clearly both sides are the same.
 
2013-05-11 12:53:14 PM  

LordJiro: doyner: Karac: Whereas trickle-down economics hasn't worked for at least 30 some odd years.

No, it has worked brilliantly for its creators.

Yep. Trickle down is DESIGNED to suck all the wealth from the middle class into the pockets of the wealthiest. And it's been working beautifully.


Well... it seems to work at an undergraduate economics level. There are Nobel Prize winners on both sides of the econ argument.
 
2013-05-11 12:54:04 PM  
"The first is the collapse of intellectual support for the notion that immediate austerity can boost economic growth."

The argument for austerity wasn't that it would stimulate growth. It was that the debt added wouldn't alleviate the weak private growth as much as not adding it in the first place. In analogy format, "just swallow the medicine" and get the weak economy over with.

When you start off you "reality based" opinion piece with a lie, you're not going to get far.

FlashHarry: it's actually pretty simple, as far as the US and europe go, supply-side, trickle-down economics has never worked and keynesian economic theory has. they are pushing a failed notion simply because they and their masters want to pay as little tax as possible.


Supply-side economics came up because an "impossibility" under Keynesian economic theory occurred. But that was the 70s so you probably don't remember it.

NewportBarGuy: Republicans talking about economics is a lot like an 8-year-old talking about sex. They have no clue what they are talking about.


"Only one thing is impossible for God: To find any sense in any copyright law on the planet. Because copyright law makes no sense. Because it's too complicated and contradictory. Do you get it?" -Mark Twain
 
2013-05-11 01:00:40 PM  

Mrbogey: "The first is the collapse of intellectual support for the notion that immediate austerity can boost economic growth."

The argument for austerity wasn't that it would stimulate growth. It was that the debt added wouldn't alleviate the weak private growth as much as not adding it in the first place. In analogy format, "just swallow the medicine" and get the weak economy over with.

When you start off you "reality based" opinion piece with a lie, you're not going to get far.

FlashHarry: it's actually pretty simple, as far as the US and europe go, supply-side, trickle-down economics has never worked and keynesian economic theory has. they are pushing a failed notion simply because they and their masters want to pay as little tax as possible.

Supply-side economics came up because an "impossibility" under Keynesian economic theory occurred. But that was the 70s so you probably don't remember it.

NewportBarGuy: Republicans talking about economics is a lot like an 8-year-old talking about sex. They have no clue what they are talking about.

"Only one thing is impossible for God: To find any sense in any copyright law on the planet. Because copyright law makes no sense. Because it's too complicated and contradictory. Do you get it?" -Mark Twain


Actually, the argument for austerity was "Fark your unemployment insurance, my bank needs another round of bailouts".
 
2013-05-11 01:02:47 PM  
Nothing new here. Supply-side economics is like creationism/intelligent design. Demonstrably false, but a large percentage of the population still believes in it.
 
2013-05-11 01:02:58 PM  
Old news indeed, subby.
 
2013-05-11 01:05:00 PM  

The Stealth Hippopotamus: The same keynesian economics that allowed us to enjoy a "great" depression while the rest of the world simpley went though a depression? Even FDRs financial advisor called a failure. Do you want to go into what happened when Hoover tried it? Care to google "Hoover flag"?

I guess the author of the article hasn't been checking the news lately. The people behind The ACA (even one of the co-authors) have admitted it going to cost billions more than projected to get into place and increase insurance premiums by 50-60 percent.

It's ok to want to end private healthcare and install a single payer healthcare system. What's not ok is lying about and trying to it piece by piece. We voted him in! Elections DO consequences. I just wish the White House would be honest with its intentions. But more and more this White House looks like it is having trouble telling the truth.


It really is depressing watching conservatives, or libertarians, or whatever it is they call themselves these days retreat further and further into fantasy.
This one was a wonderful jaunt down into Neverland.
Two or three cherry picked facts followed by a complete fabrication, and just a sprinkling of Benghazi on top.
It's like watching a portal to another universe open up.
 
2013-05-11 01:05:52 PM  

NewportBarGuy: Republicans talking about economics is a lot like an 8-year-old talking about sex. They have no clue what they are talking about.



In my opinion a better analogy would be '... like an evangelical preacher talking about salvation' -- thinking the right thoughts and believing the right things is necessary and sufficient for blessings to flow from some ineffable fount. It's a way of thinking that doesn't ask for evidence to prove that it's correct and contradictory facts and evidence aren't given any consideration when they appear.

All their derp notwithstanding, this is a huge reason why I can't take today's Republicans seriously. And after they get rid of their Social Conservative crap, this naïve faith in their economic theories is still gonna be there...
 
2013-05-11 01:06:59 PM  

The Stealth Hippopotamus: The same keynesian economics that allowed us to enjoy a "great" depression while the rest of the world simpley went though a depression? Even FDRs financial advisor called a failure. Do you want to go into what happened when Hoover tried it? Care to google "Hoover flag"?


The historical revisionism is strong in this one.
 
2013-05-11 01:08:36 PM  

Mrtraveler01: The Stealth Hippopotamus: The same keynesian economics that allowed us to enjoy a "great" depression while the rest of the world simpley went though a depression? Even FDRs financial advisor called a failure. Do you want to go into what happened when Hoover tried it? Care to google "Hoover flag"?

The historical revisionism is strong in this one.


Yow - no kidding. We were in a Great Depression before we even tried Keynesian solutions. And if there's one thing that correlates with leaving the Great Depression (which the entire world suffered), it's leaving the Gold Standard.
 
2013-05-11 01:09:21 PM  

FlashHarry: it's actually pretty simple, as far as the US and europe go, supply-side, trickle-down economics has never worked and keynesian economic theory has. they are pushing a failed notion simply because they and their masters want to pay as little tax as possible.

Steal as much money as possible.

FTFY
 
2013-05-11 01:10:15 PM  

The Stealth Hippopotamus: The same keynesian economics that allowed us to enjoy a "great" depression while the rest of the world simpley went though a depression?


How was Keynesian economics responsible for the great depression when it was formulated largely in response to it? Did Obama lend Keynes his magical time machine?

Mrbogey: The argument for austerity wasn't that it would stimulate growth.


Utter bullshiat. Plenty of politicians and supply-side economists were claiming back in 2008-9 that the recession was largely the result of some nebulous lack of "confidence" in the markets, and austerity measures would somehow give them that confidence, leading to a recovery.
 
2013-05-11 01:12:26 PM  
Karac:

NewportBarGuy: Republicans talking about economics is a lot like an 8-year-old talking about sex. They have no clue what they are talking about.

An 8 year old is at least the product of sex. So he knew something about it as early as 8 years and 9 months ago.


Paul Ryan is the classic product of wealthy parents and government entitlement programs, so presumably he knows something about trickle-down economics.
 
2013-05-11 01:12:54 PM  

The Stealth Hippopotamus: FlashHarry: it's actually pretty simple, as far as the US and europe go, supply-side, trickle-down economics has never worked and keynesian economic theory has. they are pushing a failed notion simply because they and their masters want to pay as little tax as possible.

The same keynesian economics that allowed us to enjoy a "great" depression while the rest of the world simpley went though a depression? Even FDRs financial advisor called a failure. Do you want to go into what happened when Hoover tried it? Care to google "Hoover flag"?

I guess the author of the article hasn't been checking the news lately. The people behind The ACA (even one of the co-authors) have admitted it going to cost billions more than projected to get into place and increase insurance premiums by 50-60 percent.

It's ok to want to end private healthcare and install a single payer healthcare system. What's not ok is lying about and trying to it piece by piece. We voted him in! Elections DO consequences. I just wish the White House would be honest with its intentions. But more and more this White House looks like it is having trouble telling the truth.


DUDE! Drink some coffee and for Gods Sake Proofread!

My eyes are bleeding....
 
2013-05-11 01:13:34 PM  

the opposite of charity is justice: When Ryan was offered the VP nom I had a suspicion that he wasn't the first choice (or maybe even the third), that everyone in front of the line was heavily vetted after the Palin fiasco and disqualifications arose for each of the frontrunners.  Rob Portman has a gay family member (gasp!), BoB McDonnell is taking money under the table, Chris Christie is actually a Clinton democrat, and Marco Rubio is suspiciously tan.

And for the life of me I can't figure out how this guy got the reputation for being the "numbers guy" of the republican party.  He wasn't able to articulate his own financial position during the campaign or the debate, part of that appears to be Romney muzzling him (why select a VP candidate and keep the quiet about their singular supposed strong point?) but both before and after the election he doesn't seem to understand what he is championing.  If this guy is the smart one of the party its much less praise for the man but a condemnation of the party itself.


This ^
 
2013-05-11 01:14:07 PM  
It's on the internet and more importantly it's being said by a liberal, so it must be true. It's also just what I wanted to be told, so that makes it even more true.
 
2013-05-11 01:15:52 PM  

Sergeant Grumbles: The Stealth Hippopotamus: The same keynesian economics that allowed us to enjoy a "great" depression while the rest of the world simpley went though a depression? Even FDRs financial advisor called a failure. Do you want to go into what happened when Hoover tried it? Care to google "Hoover flag"?

I guess the author of the article hasn't been checking the news lately. The people behind The ACA (even one of the co-authors) have admitted it going to cost billions more than projected to get into place and increase insurance premiums by 50-60 percent.

It's ok to want to end private healthcare and install a single payer healthcare system. What's not ok is lying about and trying to it piece by piece. We voted him in! Elections DO consequences. I just wish the White House would be honest with its intentions. But more and more this White House looks like it is having trouble telling the truth.

It really is depressing watching conservatives, or libertarians, or whatever it is they call themselves these days retreat further and further into fantasy.
This one was a wonderful jaunt down into Neverland.
Two or three cherry picked facts followed by a complete fabrication, and just a sprinkling of Benghazi on top.
It's like watching a portal to another universe open up.


And I love the "Keynesian policy made the Great Depression worse" line of bullshiat - hyper-revisionist history based upon one of Friedman's crackpot theories has become a pillar of the right's cognitive dissonance in recent years.
 
2013-05-11 01:18:16 PM  
randomjsa:

It's on the internet and more importantly it's being said by a liberal, so it must be true. It's also just what I wanted to be told, so that makes it even more true.

What a thoughtful and well-documented rebuttal.

Thanks for sharing, little buddy! Also, a Mr. Pot is holding on line two for a Mr. Kettle, he's very agitated and seems to have some statement to make.
 
2013-05-11 01:20:01 PM  
Paul Ryan and the Republicans don't let things like "facts" and "reality" and "empirical evidence" get in the way of their economic point of view

So, nothing has changed, then?  Good to know.
 
2013-05-11 01:21:24 PM  

Gunther: The Stealth Hippopotamus: The same keynesian economics that allowed us to enjoy a "great" depression while the rest of the world simpley went though a depression?

How was Keynesian economics responsible for the great depression when it was formulated largely in response to it? Did Obama lend Keynes his magical time machine?

Mrbogey: The argument for austerity wasn't that it would stimulate growth.

Utter bullshiat. Plenty of politicians and supply-side economists were claiming back in 2008-9 that the recession was largely the result of some nebulous lack of "confidence" in the markets, and austerity measures would somehow give them that confidence, leading to a recovery.


I never said it caused the Great Depression. I should have added "they tried to use it to get out of the Great Depression". Which it didn't do by the way.
 
2013-05-11 01:22:15 PM  

phaseolus: In my opinion a better analogy would be '... like an evangelical preacher talking about salvation' -- thinking the right thoughts and believing the right things is necessary and sufficient for blessings to flow from some ineffable fount. It's a way of thinking that doesn't ask for evidence to prove that it's correct and contradictory facts and evidence aren't given any consideration when they appear.


I've often wondered the same thing - how otherwise intelligent conservatives (who aren't white-kinghting for the 1% and in spite of 30+ years of contradictory evidence) still contend that supply-side economics can work. Faith based economics is the most plausible explanation I've heard ta date.
 
2013-05-11 01:23:49 PM  

doyner: Karac: Whereas trickle-down economics hasn't worked for at least 30 some odd years.

No, it has worked brilliantly for its creators.


Came here to say this. I am so sick of having to do "more with less" while those who have the more cry that they can't do the same.  Sigh, the worst part is I don't think the beneficiaries of this economic policy see the damage and danger of continuing down this path.

/or they do and don't care.  "I got mine"
 
2013-05-11 01:25:25 PM  

The Stealth Hippopotamus: I never said it caused the Great Depression. I should have added "they tried to use it to get out of the Great Depression". Which it didn't do by the way.


Yep, it didn't do a damn thing at all:

chronicle.com


static.seekingalpha.com
 
2013-05-11 01:26:36 PM  
I thought that was implied with the (R) after their names.
It stands for retard right?
 
2013-05-11 01:27:17 PM  

Heraclitus: The Stealth Hippopotamus: FlashHarry: it's actually pretty simple, as far as the US and europe go, supply-side, trickle-down economics has never worked and keynesian economic theory has. they are pushing a failed notion simply because they and their masters want to pay as little tax as possible.

The same keynesian economics that allowed us to enjoy a "great" depression while the rest of the world simpley went though a depression? Even FDRs financial advisor called a failure. Do you want to go into what happened when Hoover tried it? Care to google "Hoover flag"?

I guess the author of the article hasn't been checking the news lately. The people behind The ACA (even one of the co-authors) have admitted it going to cost billions more than projected to get into place and increase insurance premiums by 50-60 percent.

It's ok to want to end private healthcare and install a single payer healthcare system. What's not ok is lying about and trying to it piece by piece. We voted him in! Elections DO consequences. I just wish the White House would be honest with its intentions. But more and more this White House looks like it is having trouble telling the truth.

DUDE! Drink some coffee and for Gods Sake Proofread!

My eyes are bleeding....


Farking from the IPhone. Don't get me wrong my normal everyday sitting in the office at a computer level of grammar is horrible. Notice how there isn't as many Grammar Nazis around? Ever wonder why?

I've driven them to end themselves.
 
2013-05-11 01:27:56 PM  

The Stealth Hippopotamus: FlashHarry: it's actually pretty simple, as far as the US and europe go, supply-side, trickle-down economics has never worked and keynesian economic theory has. they are pushing a failed notion simply because they and their masters want to pay as little tax as possible.

The same keynesian economics that allowed us to enjoy a "great" depression while the rest of the world simpley went though a depression? Even FDRs financial advisor called a failure. Do you want to go into what happened when Hoover tried it? Care to google "Hoover flag"?

I guess the author of the article hasn't been checking the news lately. The people behind The ACA (even one of the co-authors) have admitted it going to cost billions more than projected to get into place and increase insurance premiums by 50-60 percent.

It's ok to want to end private healthcare and install a single payer healthcare system. What's not ok is lying about and trying to it piece by piece. We voted him in! Elections DO consequences. I just wish the White House would be honest with its intentions. But more and more this White House looks like it is having trouble telling the truth.


Zombie Butler: doyner: Karac: Whereas trickle-down economics hasn't worked for at least 30 some odd years.

No, it has worked brilliantly for its creators.

Came here to say this. I am so sick of having to do "more with less" while those who have the more cry that they can't do the same.  Sigh, the worst part is I don't think the beneficiaries of this economic policy see the damage and danger of continuing down this path.

/or they do and don't care.  "I got mine"


As someone who taught economic history, I'm deeply curious... are you saying that Hoover was a large-scale practioner of Keynsian Economic Theory?

/Don;t feel too bad, most of the people who hate/love Adam Smith also have no friggin clue what he wrote.
 
2013-05-11 01:28:58 PM  
Apologies, Zombie Butter, I did not mean to quite you, I am having some difficulty with my mouse today.
 
2013-05-11 01:30:43 PM  

The Stealth Hippopotamus: Gunther: The Stealth Hippopotamus: The same keynesian economics that allowed us to enjoy a "great" depression while the rest of the world simpley went though a depression?

How was Keynesian economics responsible for the great depression when it was formulated largely in response to it? Did Obama lend Keynes his magical time machine?

Mrbogey: The argument for austerity wasn't that it would stimulate growth.

Utter bullshiat. Plenty of politicians and supply-side economists were claiming back in 2008-9 that the recession was largely the result of some nebulous lack of "confidence" in the markets, and austerity measures would somehow give them that confidence, leading to a recovery.

I never said it caused the Great Depression. I should have added "they tried to use it to get out of the Great Depression". Which it didn't do by the way.


Let me guess, you're going to argue that World War II got us out of depression.  So it wasn't government spending, it was just government spending.
 
2013-05-11 01:36:44 PM  

pueblonative: The Stealth Hippopotamus: Gunther: The Stealth Hippopotamus: The same keynesian economics that allowed us to enjoy a "great" depression while the rest of the world simpley went though a depression?

How was Keynesian economics responsible for the great depression when it was formulated largely in response to it? Did Obama lend Keynes his magical time machine?

Mrbogey: The argument for austerity wasn't that it would stimulate growth.

Utter bullshiat. Plenty of politicians and supply-side economists were claiming back in 2008-9 that the recession was largely the result of some nebulous lack of "confidence" in the markets, and austerity measures would somehow give them that confidence, leading to a recovery.

I never said it caused the Great Depression. I should have added "they tried to use it to get out of the Great Depression". Which it didn't do by the way.

Let me guess, you're going to argue that World War II got us out of depression.  So it wasn't government spending, it was just government spending.


Heh, I love right wing idiots who make that argument.  "The spending works programs didn't bring us out of the Depression, but the spending on military did!  Only military spending can help the economy, all other spending is just wasted!"
 
2013-05-11 01:41:04 PM  

UNC_Samurai: Sergeant Grumbles: The Stealth Hippopotamus: The same keynesian economics that allowed us to enjoy a "great" depression while the rest of the world simpley went though a depression? Even FDRs financial advisor called a failure. Do you want to go into what happened when Hoover tried it? Care to google "Hoover flag"?

I guess the author of the article hasn't been checking the news lately. The people behind The ACA (even one of the co-authors) have admitted it going to cost billions more than projected to get into place and increase insurance premiums by 50-60 percent.

It's ok to want to end private healthcare and install a single payer healthcare system. What's not ok is lying about and trying to it piece by piece. We voted him in! Elections DO consequences. I just wish the White House would be honest with its intentions. But more and more this White House looks like it is having trouble telling the truth.

It really is depressing watching conservatives, or libertarians, or whatever it is they call themselves these days retreat further and further into fantasy.
This one was a wonderful jaunt down into Neverland.
Two or three cherry picked facts followed by a complete fabrication, and just a sprinkling of Benghazi on top.
It's like watching a portal to another universe open up.

And I love the "Keynesian policy made the Great Depression worse" line of bullshiat - hyper-revisionist history based upon one of Friedman's crackpot theories has become a pillar of the right's cognitive dissonance in recent years.


It's even better - our quadrupedal friend is from one of the red state net-negatives that get more in Federal spending than they pay in taxes.  It would be fascinating to hear his explanation of why that isn't Keynesian spending in action.
 
2013-05-11 01:43:01 PM  

The Stealth Hippopotamus: I never said it caused the Great Depression. I should have added "they tried to use it to get out of the Great Depression". Which it didn't do by the way.


But that's a) a backtrack on what you said originally, and b) still wrong:

img.photobucket.com
 
2013-05-11 01:43:48 PM  

The Stealth Hippopotamus: I should have added "they tried to use it to get out of the Great Depression". Which it didn't do by the way.


and what, pray tell, did get us out of the great depression? tax cuts and less regulation?
 
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