
OK, it’s not exactly on point, but this is my favorite meme, and I hadn’t used it this year….
The debate seems like old news now, I know, but I’m going to finish this ethics review if it kills me. There was valuable, if depressing, ethics revelations throughout.
A. No, really, the economy is terrible. Really. Trust us.
Let’s begin Part III with this exchange:
My question to you, Mr. Vice President, is what is your argument to the voter watching this debate tonight who may not like everything President Trump does but they really like this economy and they don’t know why they should make a change.
BIDEN: Well, I don’t think they really do like the economy. Go back and talk to the old neighborhoods and middle-class neighborhoods you grew up in. The middle class is getting killed. The middle class is getting crushed. And the working class has no way up as a consequence of that.
Well, which is it: is Biden lying here, or is he completely ignorant of what is going on?
The question is particularly timely now, after the Christmas season was a smash hit. So called “Super Saturday” had the most money spent by consumers ever. Amazon had record-breaking holiday season drove its stock up 4.5% and helped lift the Nasdaq composite index above 9,000 for the first time ever. This doesn’t happen, Joe (Bernie, Liz) in an unpopular economy, and what’s not to like? Unemployment is the lowest it can go; wages are rising across the board. Black employment is up, jobs generally are up. It isn’t just the stock market. Obviously consumer confidence is high.
Do the Democrats really believe they can convince the public that the economy is bad by just lying over and over again, and saying it’s bad, like Biden did? Apparently. Buttigeig, Yang, Sanders, Steyer and Warren followed Biden claiming that the middle class—you know, all those people who spent that money on Christmas gifts, was “hollowed out” in Warren’s words. “[We should beat Trump] on the economy where he thinks he’s king and where, in fact, he’s a fraud and a failure,” said Steyer.
Because they know that good economies almost always re-elect Presidents, the Democratic candidates are adopting the Sanders-Warren, or Marx-Lenin, definition of what a “good economy” is. As Sanders keeps saying, the problem is income inequality: if there are people making a lot more than you, you should be miserable, and it’s time for a revolution. This was the justification for Rep. Ocasio-Cortez saying last week that the U.S. was a fascist country. Her comments , noted John Daniel Davidon of the Federalist, were characteristic of what he called the Left’s “economic illiteracy” and their belief that some people don’t have money because others are simply hoarding wealth. He said,
“She complained about America not being an advanced society, because it doesn’t matter how much gold you amass, you know, if people aren’t taken care of. It was a perfect illustration of the the economic and historical illiteracy of the left. Nobody is amassing gold. GDP doesn’t stand for gold deposit pile. That’s not how the economy works…Wealthy Americans are investing [their money]. They are creating jobs. That is why wages are going up, that is why unemployment is down. That is how the real world works. These people are out to lunch on the stuff.”
And the candidates for President, based on their debate performance, desperately want to keep them “out to lunch” as well. Continue reading →
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“I usually tone down the “prophet Jeremiah” flavor notes when I reread these,” wrote Benjamin after I told him that his previous comment was the COTD. I’m glad he didn’t. I prefer strong assertions of ideas and principles ( as you might have noticed ) because they encourage strong reactions.
I decided to write about a two-year-old story about a grandfather who opined that it was “unfair” for a man in a home his grandson was breaking into to shoot the teen and his two fellow home invaders with an AR-15, because they only were carrying a knife and brass knuckles. His absurd lament crystallized nicely the “logic” of anti-gun zealots, who now are about to ban that semiautomatic weapon (among other anti-gun ownership measures) in Virginia, where I live. Benjamin, however, saw larger significance in the the episode.
Here is his Comment of the Day on the post, “Ethics Dunce: Leroy Schumacher, Grieving Grandfather,” which takes off from a quote by another commenter: