Friday, October 1, 2010

Why Is The Economy So Bad?

Because the people making the economic decisions for this country are extremely left-wing progressives.

Progressives don’t understand even the fundamentals of economics.

Think I’m making this up? Just trying to score some cheap points? You’re wrong.

Read this article from he Wall Street Journal. I’ll give you the money quote:

Who is better informed about the policy choices facing the country—liberals, conservatives or libertarians? According to a Zogby International survey that I write about in the May issue of Econ Journal Watch, the answer is unequivocal: The left flunks Econ 101.

Zogby ran a poll that made some basic economic statements. You can see them here.  There’s only 8. You can get through it quickly. Respondents were asked if they strongly agreed, agreed, somewhat disagreed, strongly disagreed or weren’t sure about the statements. Some of the statements were true and some false. Respondents were graded on how many answers they got right. If it was a true statement and the respondent said “disagree” or “strongly disagree” that’s a wrong answer.

They then asked respondents their party affiliation and ideological leanings

So, what were the results?

Ideology Number Wrong
Very Conservative 1.30
Libertarian 1.38
Conservative 1.67
Moderate 3.67
Liberal 4.69
Progressive/Very Liberal 5.26

 

Party Affiliation Number Wrong
Libertarian 1.26
Republican 1.61
Democratic 4.59

 

The results speak for themselves. And so do the economic results of the last two years.

Zogby’s full report on the poll and Klein’s analysis can be found here.

We can fix this. In 32 days we will. The flood is coming.

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