Today “economist” Art Laffer is all over the wingnutverse calling the contraction in the U.S. economy “catastrophic” and predicted that it would continue to shrink without “spending restraints and lower business tax rates.”
Are you fucking kidding me? People are listening to this nut?
This is the thing. I’m pretty sick of Republicans spouting economic bullshit and being taken seriously. Again today, the clownish head of the DE GOP, for example, said the path to economic growth is, “…keeping regulation and taxes low.” Really? When has that actually worked?
He also brazenly asserts that the utterly failed trickle down policies “of small government and low regulation” are “tried and true” ways to grow the economy. To that I say – enough already with the bullshit. Where is the evidence?
The fact is – Republicans like Sigler and Laffer are full of shit. The GOP’s economic policies are entirely faith-based, and I am at zero risk of losing my $50.00. But here is the official bet in case any wingnut wants to try and man up:
If anyone can present any evidence that the “tried and true policies of small government and low regulation” actually created any broad based, long term, durable economic growth …ever – I will give the person providing the evidence a crisp new $50.00 bill.
This bet is open to any GOPer who believes the nonsense at the heart of your philosophy, and any Democratic officer holder who has succumbed to the siren song of this absolute, totally discredited bullshit.