Joe Biden has again demonstrated the moral fiber of this administration that we are now ruled governed by. Biden has outright lied on ABC about the Obama administration’s ultra-liberal Keynesian economic policies, in much the same way that Al Gore lies about global warming (no, there is not a “consensus”, there really are credible scientists that do not believe in man-created global warming, hundreds of them, in fact).

Harvard economist Greg Mankiw pointed this out on his blog:

In a TV interview last month, Vice President Joe Biden said the following:

Every economist, as I’ve said, from conservative to liberal, acknowledges that direct government spending on a direct program now is the best way to infuse economic growth and create jobs.

That statement is clearly false. As I have documented on this blog in recent weeks, skeptics about a spending stimulus include quite a few well-known economists, such as (in alphabetical order) Alberto Alesina, Robert Barro, Gary Becker, John Cochrane, Eugene Fama, Robert Lucas, Greg Mankiw, Kevin Murphy, Thomas Sargent, Harald Uhlig, and Luigi Zingales–and I am sure there many others as well. Regardless of whether one agrees with them or not on the merits of the case, it is hard to dispute that this list is pretty impressive, as judged by the standard objective criteria by which economists judge one another. If any university managed to hire all of them, it would immediately have a top ranked economics department.

That’s change I can believe in. Because if all the experts do not all line up behind your plans, just say they do because you think Americans are stupid and will believe whatever you say.

Oh wait, I guess that worked once already. Hope. Change. Blah.

Comments