Political Forums  

Go Back   Political Forums > Economy

We appreciate your help

in keeping this site going.
Reply
 
Thread Tools Display Modes
  #1  
Old 08-05-2014, 07:56 PM
bobabode's Avatar
bobabode bobabode is online now
Admin
 
Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,188
"A newspaper fact-checks its own right-wing op-ed; hilarity ensues"

KC Star editorial staff and Heritage binge drinking the tea and playing fast and loose with stats. "Oops", indeed.

http://www.latimes.com/business/hilt...05-column.html


"The Kansas City Star probably thought it was on solid ground when it published an op-ed by Stephen Moore defending the draconian, and economically debilitating, tax cuts instituted by Kansas Gov. Sam Brownback. (We reported on how the tax cuts have turned Kansas into a smoking ruin here.)
No-income-tax Texas gained 1 million jobs over the last five years...Oops. Florida gained hundreds of thousands of jobs while New York lost jobs. Oops.- Heritage Foundation's Stephen Moore on the effect of tax cuts on jobs. But all his figures are incorrect.

Moore's conservative credentials are impeccable: A former member of the Wall Street Journal editorial board, he's currently chief economist at the Heritage Foundation and a familiar face on Fox News and CNBC. So when his piece asserted that "over the last five years," the no-income-tax states of Texas and Florida gained jobs while the high-tax states of New York and California lost jobs, the editors waved it through.
Moore punctuated his statistical victory over Brownback's critics with the ironic refrain "Oops."
Oops, indeed.

It turns out Moore's statistics were dead wrong. He later explained that he was citing figures from 2007-2012, not the last five years. But--oops again--he got those figures wrong too. His errors were discovered by Yael T. Abouhalkah, a Star columnist, who took the simple step of cross-checking them against the source, the Bureau of Labor Statistics." LATimes

Last edited by bobabode; 08-05-2014 at 08:06 PM. Reason: Punctuation
Reply With Quote
  #2  
Old 08-05-2014, 08:04 PM
finnbow's Avatar
finnbow finnbow is offline
Reformed Know-Nothing
 
Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
Oops, indeed. Kansas' tailspin still won't convince Republicans of the fallacy of their economic policies.
__________________
As long as the roots are not severed, all will be well in the garden.
Reply With Quote
  #3  
Old 08-05-2014, 08:08 PM
Pio1980's Avatar
Pio1980 Pio1980 is offline
Senior Member
 
Join Date: Mar 2014
Location: NE Bamastan
Posts: 11,049
There was an interview with an author on NPR writing about Reagan who pointed out that RR never let facts get in the way of a good fabrication, and yet it goes on and on----.

Sent from my SM-N900V using Tapatalk
__________________
I'll believe corporations are people when Texas executes one.

Last edited by Pio1980; 08-05-2014 at 08:10 PM.
Reply With Quote
  #4  
Old 08-05-2014, 08:12 PM
bobabode's Avatar
bobabode bobabode is online now
Admin
 
Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,188
Funny how these a-holes keep pleading for just a little more time to make their austerity for the poor/tax breaks for the rich plans to work, while at the same time spouting off about how Obama can't fix the Bush Recession fast enough.
Reply With Quote
  #5  
Old 08-05-2014, 08:20 PM
finnbow's Avatar
finnbow finnbow is offline
Reformed Know-Nothing
 
Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
Krugman predicted lousy, myth-based analysis in January when Heritage hired this clown.

Suddenly the buzz is that the Heritage Foundation is coming back to its senses. The supposed evidence of this shift is the foundation’s decision to hire Stephen Moore, formerly of the WSJ editorial page, as its chief economist....

The point, anyway, is that the newly non-crazy Heritage will now have a chief economist who is the equivalent, for the dismal science, of having a chief scientist who denies climate change and evolution. If this counts as a move toward sanity, think of what that says about the starting point.


http://krugman.blogs.nytimes.com/201...ype=blogs&_r=0
__________________
As long as the roots are not severed, all will be well in the garden.
Reply With Quote
  #6  
Old 08-05-2014, 08:48 PM
Pio1980's Avatar
Pio1980 Pio1980 is offline
Senior Member
 
Join Date: Mar 2014
Location: NE Bamastan
Posts: 11,049
So they are just moving the usual suspects around in the echo chamber.
GIGO.

Sent from my SM-N900V using Tapatalk
__________________
I'll believe corporations are people when Texas executes one.
Reply With Quote
  #7  
Old 08-06-2014, 10:52 AM
MrPots MrPots is offline
Senior Member
 
Join Date: Oct 2013
Posts: 3,554
Quote:
Originally Posted by finnbow View Post
Oops, indeed. Kansas' tailspin still won't convince Republicans of the fallacy of their economic policies.
Indeed......
Reply With Quote
  #8  
Old 08-06-2014, 10:56 AM
piece-itpete's Avatar
piece-itpete piece-itpete is offline
Possibly admin. Maybe ;)
 
Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,098
Here in Ohio things are doing pretty well and we had tax cuts.

Pete
__________________
“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
Reply With Quote
  #9  
Old 08-06-2014, 11:00 AM
MrPots MrPots is offline
Senior Member
 
Join Date: Oct 2013
Posts: 3,554
IMO tax custs are one thig.

What we have is elimination of taxes completely on 200,000 of the richest people in Kansas, a drastic cut in income taxes for the rest of the upper crust, and a shifting of the total tax burden to the middle and lower income folks.

The average wage is falling, unemployment is up, and the middle class tax base can no longer keep up with upper class GOP spending.

Glad things are going OK for you in Ohio though.
Reply With Quote
  #10  
Old 08-06-2014, 11:41 AM
BlueStreak's Avatar
BlueStreak BlueStreak is offline
Area Man
 
Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
Quote:
Originally Posted by piece-itpete View Post
Here in Ohio things are doing pretty well and we had tax cuts.

Pete
Quote:
Originally Posted by MrPots View Post
IMO tax custs are one thig.

What we have is elimination of taxes completely on 200,000 of the richest people in Kansas, a drastic cut in income taxes for the rest of the upper crust, and a shifting of the total tax burden to the middle and lower income folks.

The average wage is falling, unemployment is up, and the middle class tax base can no longer keep up with upper class GOP spending.

Glad things are going OK for you in Ohio though.
At the moment.

Funny thing happens when you give rich people tax cuts.......They want more. Of course they do, these are the folks for who "more" is never enough. How in the hell do you think they got rich in the first place?

Dave
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 03:59 PM.



Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.