That could be a tag line for @PaoliLion .... Always wrong, never in doubt....
Government spending is happiness..... It lifts Americans of ALL races, sexes and religions!!!!!! LOL
https://thefederalist.com/2022/08/04/these-economists-say-whatever-democrats-want-them-to-say/
Top economists say Democrats’ health care and climate package will put ‘downward pressure on inflation,’” CNN informs us. And really, who are you, a mere mortal, to question the decrees of top economists?
This kind of appeal to authority was popularized during the Obama years, when the then-president would say nonsensical things like, “Every economist from the left and the right has said, because of the Recovery Act, what we’ve started to see is at least a couple of million jobs that have either been created or would have been lost.” (Irritated italics mine.)
Hundreds of economists, three of them Nobel laureates — James Buchanan, Edward Prescott, and Vernon Smith — disagreed with Obama’s assessment of the stimulus. They were largely ignored by the media, just as economists who now maintain that the “Inflation Reduction Act” will do nothing for inflation or, more likely, worsen the problem will be today.
Finding a gaggle of Democrats — economists, or not — to tell us we should “invest” more money into progressive agenda items isn’t difficult. Of course former Obama appointee Betsey Stevenson, who thinks inflation is “being used as an excuse to not want to do some of the spending that we need to do,” wants to pass another $760 billion in deficit spending. I mean, does anyone really believe that former Democratic Party officials such as Jack Lew or Robert Rubin sat down and crunched the numbers before signing off on the letter? Is there a single penny of spending by Democrats that Joseph Stiglitz, champion of “progressive economics,” wouldn’t support? One suspects that all these activists would gladly see high inflation if it meant combating the “climate crisis” or funding dependency programs.
Government spending is happiness..... It lifts Americans of ALL races, sexes and religions!!!!!! LOL
https://thefederalist.com/2022/08/04/these-economists-say-whatever-democrats-want-them-to-say/
Top economists say Democrats’ health care and climate package will put ‘downward pressure on inflation,’” CNN informs us. And really, who are you, a mere mortal, to question the decrees of top economists?
This kind of appeal to authority was popularized during the Obama years, when the then-president would say nonsensical things like, “Every economist from the left and the right has said, because of the Recovery Act, what we’ve started to see is at least a couple of million jobs that have either been created or would have been lost.” (Irritated italics mine.)
Hundreds of economists, three of them Nobel laureates — James Buchanan, Edward Prescott, and Vernon Smith — disagreed with Obama’s assessment of the stimulus. They were largely ignored by the media, just as economists who now maintain that the “Inflation Reduction Act” will do nothing for inflation or, more likely, worsen the problem will be today.
Finding a gaggle of Democrats — economists, or not — to tell us we should “invest” more money into progressive agenda items isn’t difficult. Of course former Obama appointee Betsey Stevenson, who thinks inflation is “being used as an excuse to not want to do some of the spending that we need to do,” wants to pass another $760 billion in deficit spending. I mean, does anyone really believe that former Democratic Party officials such as Jack Lew or Robert Rubin sat down and crunched the numbers before signing off on the letter? Is there a single penny of spending by Democrats that Joseph Stiglitz, champion of “progressive economics,” wouldn’t support? One suspects that all these activists would gladly see high inflation if it meant combating the “climate crisis” or funding dependency programs.
