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for President, according to the New York Times.
;Fortune.com Touts Liberal-Authored Paper as Evidence of Stimulus Success Being a liberal economis means never having to say you were wrong.
The media pompoms are out again.
In his July 28 “Street Sweep” blog, Fortune.com reporter Colin Barr highlighted a paper by Moody’s Analytics claiming government stimulus funds “averted what could have been called Great Depression 2.0.” The paper was authored by notorious spending-advocate Mark Zandi and Keynesian sympathizer Alan Blinder of Princeton University, and Barr parroted their theories:
“What makes the current 9.5 percent unemployment rate look good?
How about one that reaches 16.5 percent? A paper by Moody's economist Mark Zandi and Princeton University scholar Alan Blinder contends we would have reached that threshold had the government not poured trillions of dollars into the economy after the financial meltdown of 2008.”
Barr heralded the paper as a much needed “endorsement” for another stimulus package given the country’s current financial situation:
“With Washington again chewing over the need to stimulate the economy as Europe struggles with its debt problems and government spending here loses steam, the economists throw in a timely endorsement of the 2009 fiscal stimulus program.”
Not until the second to last paragraph did Barr mention Zandi’s 2008 prediction that unemployment would hit 10 percent without a stimulus package. Barr noted:
“Obama, meanwhile, has been criticized in some quarters for having predicted unemployment would top out at 8%.”
Despite Zandi and Obama, unemployment did reach 10 percent even with the stimulus package that would supposedly keep it under eight percent. Furthermore, the stimulus package increased the national debt and created a negative business environment.
Given the state of the economy, one would think the media would wise up to the stimulus’s flaws, but the media continue being Obama’s biggest stimulus cheerleaders.
It's not about me effectively defending the issue at hand. I was replying to the statement "not terribly impressive when claiming the tpots are not racists" to the above poster. I have never posted anything regarding Herman Cain to date because I haven't formed an opinion on him as of yet. He's still pretty new to me and I have a lot more research before I would defend or support him. I don't support a candidate just because he/she aligns with the Tea Party. That's what bothers many political people - the Tea Party people do not live and die by the hard party line (i.e. Karl Rove). I know you probably won't believe me, but I don't vote a straight ticket and have voted for Democrats many times in the last few years, as well as Republicans.
Stating the Tea Party is racist is inflammatory and deserves defending. The fact is, every single political group has people who are less than desirable. If you don't believe it, read the history of both the Democrat and Republican Party.
And this is not the first time that the Tea Party has been called racist (along with disgusting derogatory terms) on this board. I will continue to put posters on the defensive as long as they post inflammatory statements about the Tea Party being racist. It's an unfair smear of a group of people who believe that Obama is leading the country in the wrong direction with this unprecedented, expansive, overreaching federal government and thus, opposing the liberal agenda. After all, it was Hillary Clinton and Nancy Pelosi who were, not that long ago, saying it's patriotic to dissent (as long as they are following their party line).
The derogatory terms continually used to describe Tea Party Patriots are all the proof needed to reveal how low in the gutter some are willing to crawl. It would be nice if we could have discussions without throwing names for the Tea Party as well as liberals, like libtards, etc.
How about just some respect for each other? Is that even a possibility here on this board?