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Politics : Formerly About Advanced Micro Devices

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To: Don Hurst who wrote (610680)	5/9/2011 12:27:36 PM
From: i-node	5 Recommendations Read Replies (5) of 1577951

I'm sure in these "three main things" you realize that Krugman was giving Bush a break by using only "$1.1 trillion or so" for Bush's wars funded by borrowing from Communist China. Stiglitz said it is a $3 trillion blunder of the highest order and he is probably low in his estimate. Ridiculous claim. Stiglitz is a liberal idiot, as evidenced by his possession of a Nobel prize, right along with Krugman himself. If you read the book, you know the $3T figure was absurd and requires one to totally ignore the meaning of the word "cost" as it is historically defined. Stiglitz throws in unrelated, often "sunk" costs that having NOTHING, WHATSOEVER to do with the cost of the war. It was candy for the liberal idiots, and you gobbled it down. As to the tax cuts, the allegation that GWB's cuts "cost" ANYTHING is unproved and unprovable. Historically, tax cuts increase revenue over what would otherwise have been. There is every reason to believe that Bush's cuts did the same. Liberals are fine with using "jobs saved or created" but when you apply the rationale to the GWB tax cuts, that idea is out the window. Liberals just can't stand to eat their cake without having it, too.

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