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Elementary Economics: Is Obama's Econ Agenda Stolen from 2nd Graders?

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Elementary Economics: Is Obama's Econ Agenda Stolen from 2nd Graders?

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John James Posted: Thu, Oct 6 2011 12:16 AM

 

Original news segment:

 

Is it just me, or is Chris Cuomo really annoying?

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EmperorNero replied on Thu, Oct 6 2011 3:06 AM

Is the Obama cabinet getting their economic advice from second graders? It's more like those kinds are getting their economic lessons from Obama-type left-wing teachers.

I can't help but to think that the entire left never progressed beyond a second grade understanding of economics. They do not understand the basic function of money in a market economy. They seem to think that creating wealth is about creating money. Well, that's why people starved in the soviet union, because abolishing the need to pay for stuff somehow doesn't create free resources out of thin air. Go figure.

Edit: I also noticed how that girl in the beginning basically repeated socialist talking points. She used the fluffy term "ask" about taxes, which obscures the action that is actually taking place. And regarding those who would be against this, she had the response ready that they muse be "greedy". How would a seven year old know what rhetoric to use unless it was spoon-fed to her?

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Wheylous replied on Thu, Oct 6 2011 9:59 PM

"made in the US"

Lol, bringing America all the way back to Adam Smith's absolute advantage?

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