Monday, February 9, 2009

Republican Economic Bull Puckey.

In this Rachel Maddow video, we (finally) hear complete and total debunking of Republican (voodoo) economics. As an aside, it was George H.W. Bush who coined this phrase when running against Reagan in the '80 primaries....

Some interesting takeaways:
  1. The most effective stimulus is food stamps, returning $1.72 for every dollar spent.
  2. The least effective stimulus? Tax cuts. Returning $1.02 for every dollar spent.
The days of supply-side economics are OVER...and none too soon! Let's just hope that these voodoo economics are discredited by all who aspire to reason.

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