Brian Riedl debates James Kvaal from the Center for American Progress on President-elect Barack Obama's economic stimulus plan.
http://www.heritage.org/pre...
Brian Riedl debates James Kvaal from the Center for American Progress on President-elect Barack Obama's economic stimulus plan.
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Kvall totally lost the wee bit of respect I had for him when he said "catastrophic climate change", and his ridiculous, totally political answer to the lady with the question about the financial cost of the war in Iraq put him firmly into the political hack category. Why is anybody listening to one of the idiot Clinton advisers that laid the groundwork for the Freddie/Fannie crash that touched off our current economic straits? With jerkoffs like this advising Obama prepare for runaway inflation.
"Too many people want to save money" This "progressive" is extremely arrogant and lacks common sense. People SHOULD save their money! That's how you prepare for the future, for your children's needs, for your old age, for a future layoff or medical crisis... The fact that the government and "progressives" think too much saving is a bad thing proves they are not the ones to trust with our money. It's hard to believe that these "progressives" really believe the crap coming out of their mouths.
70% of the US economy is consumtion / retail based. A dollar earned and saved has greater purchasing power than a dollar borrowed. If the American people are going to be truly free and prosperous, the American people must be allowed to retain more of their individual wealth for themselves. Cutting consumption, paying down debt, and making personal investments while establishing a safety net nest egg is the smartest thing the American people can do.
no one system works best - in this day and age, in this country there should be no question regarding food, shelter and health care - survival of the fittest is poor moral authority and guaranteed to eventually give you a revolution - take note: that is where we are headed.
Why doesn't Kvaal just come out and say it: "I want to further test keynesian ideas on an economy with the most to lose." Stop arguing to experiment with my money, my life. We should be concerned with making the economy predictable, not assuming it can reach unreasonable(see Kvaal's arguments) ideals.
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no one system works best - in this day and age, in this country there should be no question regarding food, shelter and health care - survival of the fittest is poor moral authority and guaranteed to eventually give you a revolution - take note: that is where we are headed.
get human.