Wednesday, August 05, 2009

Who Knew, Bereft of Basic Knowledge as well as Ideas


This gentlemen is Arthur Laffer, economist from Yale and creator of the Laffer Curve (the supply-side economy theory introduced by Ronald Reagen , and then twisted into ignominy by George W).
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While trashing Obama's Health Care plan he had a funny quote. By which, of course, I mean asinine.
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If you like the Post Office and the Department of Motor Vehicles and you think they're run well, just wait till you see Medicare, Medicaid and health care done by the government.
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The problem is, of course, that Medicare and Medicaid ARE already run by the government. By apparently Mr. Laffer doesn't know that and the Brain Trust at CNN decided not to tell him.