Saturday, January 10, 2015

Paul Krugman eviscerates the CRAZY VOODOO ECONOMICS of the new GOP led Congress

http://www.alternet.org/economy/paul-krugman-eviscerates-crazy-voodoo-economics-new-gop-led-congress

We're in a brand new era of voodoo economics, suggests Krugman. "Mr. McConnell is claiming not just that he can create prosperity without, you know, actually passing any legislation, but that he can reach back in time and create prosperity before even taking power."
It's a little funny, and a lot scary, because underlying this and other Republican talking points are ideologies that simply do not respond to an overwhelming volume of contrary, real-world evidence. How on earth can you reason with, let alone work with these people, who'd rather resort to conspiracy theories than acknowledge reality? Krugman cites examples:
Consider, for example, how some Republicans dealt with good news about health reform. Before Obamacare went into effect, they overwhelmingly insisted that it would be a disaster, that more people would lose insurance than would gain it. They were, of course, delighted by the technical problems that initially crippled the program’s website. But those problems were fixed, and enrollment soared. Their response? “They are cooking the books,” declared Senator John Barrasso of Wyoming, who now leads the Senate Republican Policy Committee.
But that was then. At this point we have multiple independent confirmations — most recently from Gallup — that Obamacare has dramatically expanded insurance coverage. So what do they say now? The law “will collapse under its own weight,” says Representative Paul Ryan, the new chairman of the House Ways and Means Committee.

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