In his little post titled “If a deficit falls in the forest …” Golden Boy again shows why we cannot trust him a bit. His argument is that Obama should not worry about reducing deficits because “the public won’t even hear about (it)”. As proof, he shows a poll from 1996 that shows a percentage of Republicans (and Democrats and Independents too, but he only cares about Republicans) who thought the deficit was not decreasing, but increasing at that time.
That is a great reasoning isn’t it? You shouldn’t do a thing about issues that are not immediately and completely translated as political advantage. Does he talk about acceptable levels of deficit? No. Does he talk about long term implications of large deficits? No! (He only did so when Bush was in power, of course). AND THE GUY IS A ‘WORLD-RENOWNED’ ECONOMIST!
Listen, I don’t like Obama and all of that but this guy is the kind of Liberal that truly scares me. He is a total farce, a political monster posing as an economist – a Nobel Prize winner economist if that matters at all nowadays.
You can mark my words – the only possible destiny for this guy is to become an actual politician some day. Be afraid.