Tuesday, June 08, 2010

And These Guys Are In Charge

This is probably the worst economic news to come out in a long time, but it is not surprising to any rational person.
Yet on every question the left did much worse. On the monopoly question, the portion of progressive/very liberals answering incorrectly (31%) was more than twice that of conservatives (13%) and more than four times that of libertarians (7%). On the question about living standards, the portion of progressive/very liberals answering incorrectly (61%) was more than four times that of conservatives (13%) and almost three times that of libertarians (21%).

The survey also asked about party affiliation. Those responding Democratic averaged 4.59 incorrect answers. Republicans averaged 1.61 incorrect, and Libertarians 1.26 incorrect.

That is the results of a recent Zogby poll on economic policies. What it found is that liberals, that's Democrats for those in doubt, know absolutely diddly squat about economics.

They know good buzz words and catch phrases and catchy slogans that can fit on a bumper sticker, but basically couldn't tell a monopoly from market share. These are the people dictating our current economic policy in this country. Just when you think things couldn't get much worse. They have laid the groundwork for crippling our economy for years after they are evicted from office. A lot of the legislation they will leave behind is going to be more devastating then an IED in an outside market. And will have the same effect.

With the pending collapse of the health insurance industry in this country, which will add millions more to the unemployed roles, to the unsustainable debt that is continuing to be racked by the government in their continued efforts to keep Fannie Mae and Freddie Mac afloat along with their becoming the sole provider of student loans, you couldn't get a Las Vegas bookie to give you odds on how long before the economy completely collapses.

If you see a light at the end of the tunnel be assured that just like a Roadrunner cartoon, it is only a freight train headed your way.

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