Legal Commentary

Media: Don't Know Much About The Economy

By Big Tent Democrat

d-day points us to this tripe from Howard Fineman on Tweety's show, proving yet again that the Media does not understand economics:

Fineman: it's not only depressing it's counterproductive because if the new mantra is that we have to live within our means then congress has to do it too and we all have to pitch in, there has to be some . . . real hard choices made. The president keeps saying we're going to have to make hard choices. Which choices are they and how is the congress making them?

(Emphasis supplied.) It is really amazing that these fools continue to expose their unwillingness to try and understand the most rudimentary economics. The United States and the world are in an economic spiral now because aggregate demand had dropped precipitously. Since interest rates are at the lower zero bound, the only way to raise aggregate demand now is by government spending. Indeed, we need massive government spending. And here these fools are obsessed with "earmarks" (obviously they learned economics from "Don't know much about economics" John McCain. It is a disgrace.

Speaking for me only

Full post as published by TalkLeft on March 14, 2009 (boomark / email).