John Stossel Should Do a Fraud Investigation on Himself (Mark Thoma, Economist's View)

[swag]

http://economistsview.typepad.com/economistsview/2007/05/john_stossel_sh.html

John Stossel makes a false claim about tax cuts. As we know, tax cuts do not pay for themselves. No credible analyst claims that. But John Stossel does.
. . .

Any decent reporter would know that isn't true. He can't even keep his story straight. After saying it was tax cuts that increased revenues, he then says:

President Bush brags that the deficit is coming down -- and it is. ... But that's largely because your FICA taxes currently exceed Social Security and Medicare payments. ...

He then goes back to the tax cuts increase revenues propaganda and quotes the president pushing the same myth:

Bush boasted last year, "This economy is growing, federal taxes are rising, and we're cutting the federal deficit... Some in Washington say we had to choose between cutting taxes and cutting the deficit. Today's numbers show that that was a false choice. The economic growth fueled by tax relief has helped send our tax revenues soaring."

. . .

He has a book called Myths, Lies, and Downright Stupidity. I haven't read it and don't plan to, but from the above, I assume it's autobiographical.

[MADem]

1. He's a total asswipe. Does he still have that idiotic "Magnum" moustache?

He looks like a cheesy game show host from the 80's! When I hear he's 'going to' be on a program, I lunge for the remote!

[swag]

2. His finest moment as a journalist was when he was being slapped to the ground

by pro wrestler "Dr. D" Schultz.

Unfortunately, that may have affected his thinking and judgment.