2012-08-20 | Filed Under SteveG's Posts |
The Real News Network has the video Black Report: No Criminal Prosecution of Wall St. and Who is the European, Romney or Obama? This is one episode in the weekly series The Black Financial and Fraud Report.
BLACK: Well, also, also there’s a track record, and representative Ryan voted for all of the Bush things that are inconsistent with libertarian ideas and are inconsistent with being, you know, a fiscal hawk. So when it was a Republican president, he gave them everything he wanted. And the Republican president, of course, created very substantial deficits. Now, deficits are supposedly the demon,…
As I have pointed out before, saying deficits are bad in one phase of an economic cycle is not inconsistent with saying that deficits are good in a different part of the cycle. However, in the Republicans’ case they are saying deficits are good when they are actually bad, and they are saying they are bad at precisely the moment when they are good. If they would just stick to one story, they would at least be right half the time. Which is not quite as good as shifting your policy at the right time to be right all the time.
If you listen to the whole video above, you will realize that this is further proof of my remarks in my previous post, Paul Ryan – An Unserious Man:
It occurs to me that the mentality that brought you toxic mortgages and the tricks and traps hidden inside them is the same mentality that is bringing you these various Republican economic proposals.