Economics 101 for Voters

 Posted by at 2:13 am  Politics
Oct 202010
 

I know.  The mere mention of economics is sufficient to prompt most voters to roll their eyes and run for the exits.  It’s pretty dry stuff.  However, Obama’s new Head of the Council of Economic Advisors  actually makes it palatable and simple enough for Teabaggers and Regressives (the left wing’s equivalent of Teabaggers) to understand, if only they were open to do so.

Wealth 2004 Even by this city’s not-so-glamorous standards, Austan D. Goolsbee would seem to be an unlikely candidate for Web video star.

But Mr. Goolsbee, the earnest young economist and occasional stand-up comic who was named last month to lead the White House Council of Economic Advisers, has gamely stepped into the spotlight.

Armed with a felt-tip marker and a white board, Mr. Goolsbee is the earnest pitchman in a series of Web videos the White House is using to convey the president’s message on economic policy in plainspoken terms.

The videos, which have a made-at-home quality, have been the subject of some Internet buzz, especially after the first one — about the debate over extending the Bush-era tax cuts — was highlighted last week on “The Colbert Report” on Comedy Central.

In the second video, a four-minute segment posted on the White House blog on Tuesday, Mr. Goolsbee stands before a hand-made bar graph showing private sector job losses and gains since September 2007. He uses the V-shaped chart to point out that the economic free fall has been turned into a recovery, even if the results are still unsatisfying… [emphasis added]

Inserted from <NY Times>

Here is the first video:

And here is the second:

The first makes it clear just who it is that Republicans represent.  Despite their lies about reducing the deficit, They want to increase it to provide more welfare for the rich.

The second proves that, despite Republican lies to the contrary, Democratic achievements toward economic recovery, in the face of unprecedented Republican attempts to sabotage our economy for political gain, have been nothing short of remarkable.  More is needed, but the only way to get more is to put Democrats in office.

Republicans govern only for the benefit of criminal corporations and the richest 1%.  That’s why both are spending untold secret $millions to put them in office, and if Democrats were no different, as Regressives claim, big money would consider their secret money campaign unnecessary.

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  4 Responses to “Economics 101 for Voters”

  1. My question to those Laffer Curve loving Teapublicans, who are always trying to claim that lowering taxes does a fantastic job of actually increasing revenue, then why shouldn’t we abolish ALL taxes? Hell, by their calculations then we’d have an INFINITE amount of money.

  2. So – that’s a great idea! NOT. I love these videos and this guy; plain English econ-speak; what a terrific idea. Not that the Repubs or teabaggers will watch them, but it may help the Repubs lose in the upcoming election if we can turn around the regressives. Damn those people are pissing me off almost as much as the Repubs. I’ve written off the teabaggers as just plain ignorant, so they just amuse me. That is, unless they start winning elections. Then I’m applying for Canadian citizenship for all of us (the boys and Otis) because then this great American experiment known as Democracy will have failed and the inmates will be running the asylum. 🙄

    TC – maybe it’s time for a post about bunnies or flowers or something, because this shit is just depressing. 😆

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