October 18, 2012
The “economist” Ben Stein wants to pull a François Hollande and drive the producers out of America the same way the socialists are driving them out of France.
Stein says the government has to raise taxes in order to pay off the national debt we are told we owe or we will suffer the fate of Greece or Argentina in the late 1990s. Ben says the government should start with “very, very rich people,” who he describes as people earning a couple million bucks a year, and work their way down.
The problem with America, the former speechwriter and lawyer for Nixon and Ford told Fox & Friends, is that it has a “too low taxes problem.”
Ben’s analysis has failed consistently in the past. In 2007 he said the economy was not in a recession and the subprime mortgage crisis would “blow over and the people who buy now, in due time, will be glad they did.”
He also dismissed fears of a credit crisis prior to Lehman Brothers going bankrupt, the Fannie Mae and Freddie Mac take over by the federal government, the AIG bail out by the Federal Reserve, and the rest of the destructive pile up following the global economic crisis beginning in September, 2008.
“Ben Stein is an Idiot,” Henry Blodget declared after the actor who plays an economist blamed “a few self-interested windbags” for the economic crisis.
Now the idiot Stein thinks you should pay more to the government.
This article was posted: Thursday, October 18, 2012 at 11:57 am