He just can’t lie at will and get away with it anymore. Donald Luskin and Co. give him the truth smackdown of his life.
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by John Cole| 2 Comments
This post is in: Democratic Stupidity
He just can’t lie at will and get away with it anymore. Donald Luskin and Co. give him the truth smackdown of his life.
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Barney Gumble
Here’s the whitehouse claim
http://www.whitehouse.gov/infocus/economy/creating_jobs.html
and here’s Krugman’s column
http://www.charlotte.com/mld/observer/news/5702813.htm
It reads to me that Krugman was taking exception to the administrations claim that the 10 year tax cut would create 1.4 million jobs by the end of 2004.
He states, correctly I think, that a tax cut 8 years from now doesn’t do anything to create a job now, and that even if we took the claim at face value, that would work out to $500,000 per job created by the end of 2004.
He sounds suspicious of a ten year plan for fixing the next two years worth of problems.
Luskin thinks that we should divide the cost of the jobs created in the next two years over the entire ten years.
I have no idea who is right, but I am suspicious that the Republicans have abandoned their fiscal principles (anyone remember the Balanced Budget Ammentment? Graham-Rudman?) so quietly and completely.
Makes me nostalgic for the days when we screwed up the budget one year at a time.
Robin Roberts
Barney, evidently you don’t understand the dishonest way that Krugman compared apples and oranges in this. Given that he waves around his economics degree, the dishonesty by Krugman is obviously intentional.