Cutting Through The Crap

Friday, October 28, 2011

Austerity (And Chutzpah)


As teabaggRs insist we need to stop all stimulus and adopt an austerity approach, it's worth being reminded what happened in the UK after they adopted that plan about a year or so ago.

Res, as they say, ipsa loquitur.

Along those lines, in a moment of hilarity if it weren't so mind-blowing, a new fundraising mailing, from the mother of all austerity in the form of cutting benefits to the needy, Paul Ryan, contains this memorable line: “the net for the poor is coming apart at the seams and no one in Washington seems to care.”

How do you deal with people who can be this disingenuous, that unapologetically deceitful and duplicitous? So absolutely unaware. So sure -- with good reason -- that their electorate will neither notice nor care.

3 comments:

Anonymous said...

Drawing a simple correlation between the UK economy and the US economy is a fundamentally weak argument. By that thought process, you would be forced to agree (with considerable Chutzpah) that the economic stimuli taken by Japan which led to the "Lost Decade" there are proof that Obama's stimuli will lead to our own Lost Decade.

On another note, what do you think of this study?

http://bpub.wharton.upenn.edu/PDF%20files/AE-F11-Meyer.pdf

Regards,
PT

Sid Schwab said...

"Fundamentally weak." A statement ex cathedra, if ever there was one. The problem with Japan, by the way, was that their stimulus was too small, and too brief.

As to the AEI report: 1) too damn long fully to digest after sharing a bottle of Tobin James Syrah with my lovely wife, and 2) like all things AEI, agenda-driven and manipulative.

Really, it amounts to a pseudo-intellectualization of the claim that if poor people have refrigerators, they're not really poor.

Cory said...

C'mon PT. That's mental masturbation. Japans "lost decade" proves nothing about Obama. You've gotta be kiddin me... or most likely yourself? Really? You can't be serious?