Saturday, February 21, 2009

Listening to NPR: clueless commentators

I was listening to NPR this morning, as I sometimes do. They had on Juan Williams and some other guy and Williams and the topic was "gee... why is the stock market still falling?". These guys were genuinely clueless. They obviously buy 100% into Keynesian economic theory. The topic of putting forward some more tax cuts came up and they said "oh no, we learned from the Bush years that tax cuts don't work". I was out with some liberal friends last weekend and they also said that (that tax cuts don't work). OK. So maybe these people don't like Bush, but how can you so willfully ignorant of reality? From the recovery from 9/11/01 to earlier this year we had growth and close to record low unemployment and that was largely due to the Bush tax cuts. The commentator who was not Juan Williams when questioned about deficits said "oh we can't worry about deficits... FDR started to worry about deficits and the economy faltered". Good grief! These guys will spend us into oblivion!

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