John Cornyn flunks Economics 101

[Wetzelbill]

Run time: 00:41 https://www.youtube.com/watch?v=QRl3y17oWwE   Posted on YouTube: February 13, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: February 13, 2009 By DU Member: Wetzelbill Views on DU: 860

 

[Xenotime]

1. What the HELL is he talking about?!? What idots.

[raystorm7]

2. These guys have their BS down to a science, it flows through their mouths like water =/

[CLANG]

3. I never took Econ 101

but just paying attention the last few weeks I know more than this rube.

[Cant trust em]

4. If people are mired in debt to the point where they are getting foreclosed on

giving them a tax cut is not going to stimulate jobs or the economy. It's going to pay down their debt. They are not going to use it to buy stuff.

Am I wrong here?

[Wetzelbill]

6. It usually goes like that

Or to various bills. Say if somebody gets an extra 1000 or so back and if they are hurting financially, tney typically spend it on things like rent, care and utility payments, at least the bulk of it. They don't go out on a spending spree or anything. However if they get food stamps that all is spent, 100 percent of it. It's all stimulus. Or with unemployment. It allows them to go and spend as a consumer and it's stimulating. The best, of course, is a job, but the Republicans don't know the best way to create them. They think they do, but that's because they are dogmatic about their own ideology, it's not rooted in facts or reality.

[razors edge]

7. I think thats the point.

They would rather make the money available to people to pay on the debt they have, and not think about the debt that will be incurred if they continue to barrow to pay off old debt.

Sort of like paying off one credit card with another. Just keep kicking that can down that road full of pot holes and fish it out of the mud to kick it some more.

[curiousdemo]

5. What!!!

Must be a distant cousin of Bush!!

[Patchuli]

8. "...spending money on things we can't afford." WTF

is this idiot saying?!!!!! We can't "afford" to fix America????????????? Fuck him and those Republicans that HATE America! We're fixing her anyway! If you don't love her, leave her! Mo'f'ers... If we raise taxes on these well-to-do Republicans like Mr. Cornyn here, we'll fare better too. I vote for that!