What a surprise

Posted by: ST on October 13, 2008 at 9:32 am

Obama’s “tax cut” plan? Well, instead of actually cutting taxes, his plan actually makes people more dependent on the government, not less.

Show of hands out there how many people this news surprises? I didn’t think so.

In semi-related news, further proving that the Nobel prize is completely worthless, the we learn this morning (via Memeo) that NYT columnist Paul Krugman has won the Nobel Prize for Economics. Krugman Truth Squad founder Donald Luskin quips:

The Nobel Prize is never posthumous — it is only awarded to living persons. So some great minds such as John Maynard Keynes and Fischer Black never received the prize in Economics. All that has changed. With today’s award to Paul Krugman, the Nobel as gone to an economist who died a decade ago. The person alive to receive the award is merely a public intellectual, a person operating in the same domain as Oprah Winfrey. And even as a public intellectual, the prize is inappropriate, because never before has a scientist operating in the capacity of a public intellectual so abused and debased the science he purports to represent. Krugman’s New York Times column drawing on economics is the equivalent of 2006’s Nobelists in Physics, astromers Mather and Smoot, doing a column on astrology — and then, in that column, telling lies about astronomy.

Kruggie is in good company, tho. Other distinguished Nobelists include Jimmy Carter, Al Gore, Yasser Arafat, and the phoney Rigoberta Menchu

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5 Responses to “What a surprise”


  1. Don’t confuse the Economics Nobel with the Peace Prize – the two are awarded by completely different organizations. The Peace Prize (decided by Norwegian committee) is intentionally and overtly political, the other prizes (via the Swedish Acadmey of Science), are not (or at least, much less overtly).

    It should also be noted that while Krugman has made a disgrace of himself as a partisan hack in the popular media these last few years, the Nobel prize is not awarded for an entire body of work, but for a specific contribution. And whether you like Krugman or not, some of his earlier scholarly works were certainly influential.

    That’s not to say he deserves the prize (such determination is far beyond my ability to judge), only that his recent activities as a shill for the Democratic party shouldn’t disqualify him.

  2. Uncommon – I wasn’t “confused” :)

  3. It’s no wonder people buy into That One’s crazy tax policy, since the majority of people, including very smart people, have no clue how taxes work.

    Fun thing to do: ask this question. If the tax rate on someone making $50k is taxed at the 25% rate, ignoring all deductions, how much does a person pay in taxes? And, if lowered to 24%, how much does the person save?

    Most people get it wrong.

    Ask them if McDonald’s stores are small businesses. Same with Subway. Ask them if they enjoy the cost of a burger going up.

    Now, the $1K that Obama says he will give people every year (good luck getting Queen Nancy to take that on to the House floor!) is more then most people would get if you lowered the marginal tax rates by 1 to 2 percent. But, it is welfare. It is not money earned. Dems do not care. They do not want to have to do the job.

  4. Steve Skubinna says:

    Typical Democrat tactic, promise free stuff to people who don’t even pay into the system in the first place, and hope the others aren’t paying enough attention to spot the shell game.

    Those of us stupid enough to support ourselves? We’re going to pay more. Bank on it. Not enough people realize that nothing coming from the government is free, or that the government doesn’t actually have any money – it’s ours to begin with.

  5. But, see, Steve, it’s not your money. Think of government like your parents. You go out and mow some yards. Dad will then take most of that money for the college fund, and leave you with a bit for lunch. Mom will give you some of it for clothes. The rest, well, Mom and Dad got liquored up and decided to spend it in Vegas.