Rick Perry explains conservative economics in brutal honesty:

[DetlefK]

Link to tweet

DOE Rick Perry at coal plant:"Here’s a little economics lesson: supply and demand. You put the supply out there and the demand will follow."


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In other news, my supply of fart-in-a-jar is up for sale. The demand will follow any minute now. Oh yeah! Money, money, money!

[exboyfil]

1. And 300+ years of economic thought

has gone up in smoke.

Sorry Locke and Smith.

[Warpy]

2. The dolts still can't understand why the economy is drying up

They borrowed time on unlimited credit, especially using one's home as an ATM, but that has gone the way of adequate wages into fond memory as retail crumbles.

I just wonder what it's going to take for these supply siders to twig to the fact that it doesn't matter how choked the pipeline is with goods and services, none of them will budge until people have enough money to buy them.

I suspect it will take a much bigger crash than 2008 to get through their cement filled heads.

[Caliman73]

3. I don't even think that would do it.

Conservatives have a delusional attachment to supply side economics. Any reality that challenges it is usually dismissed or it is qualified away by supply siders. It is like conservatism itself. Conservative candidates never lose because of their message, they only lose because they weren't conservative enough.

That Rove and others found a way to cheat the vote on a structural level, just gave the ideologies a longer life span.

[VMA131Marine]

4. And right about now, a former buggy whip maker is slapping his forehead .....

so that's where we went wrong....

[ProfessorGAC]

6. Perfect

The first thing i thought of was "buggy whip". Weird.

[MedusaX]

5. Perry accidentally referenced the law of supply & demand relative to Money Laundering

An abundance of overpriced real estate will attract those needing a way to launder their illicit gains....

This is an exception to the rule....
perhaps Perry has forgotten how a legitimate market works....