Breakfast in America: August 14, 2012

  • By contrast, Thomas Sowell is a fucking idiot. Well…that’s not news to anyone who has ever looked at his economics work and tried to make sense of it with a calculator. So we’ll pick a reason why for today. In this article Sowell speaks well of Paul Ryan – by saying “Anyone who wants to get a quick sense of who Paul Ryan is should watch a short video of a February 2010 meeting in which Congressman Ryan politely, but devastatingly, “schools” Barack Obama on the utter fraudulence of the statistics that the Obama administration was using to claim that ObamaCare would reduce the deficit.” But anyone bothering to do research — obviously not Thomas Sowell’s strong suit — would note that all the statistics Ryan cites are taken from the middle of reports that CONCLUDE THAT OBAMA IS RIGHT. What says Sowell? “That video is available on the Drudge Report.” The irony is delicious.
  • Paul Ryan is good for markets? You know who didn’t think so? The ratings agencies who downgraded or put America on watch for a downgrade because Ryan couldn’t figure out the debt ceiling. Those anti-market occupy radicals.

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