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Friday, November 19, 2010

Jim Hoft Takes Mathew Yglesias To The Woodshed On Economics

You just have to love when the far left tweaks numbers, misrepresents data and get called on it with those willing to produce facts and provide linkage to back up those facts.

Gateway Pundit's Jim Hoft did a spectacular job of that today by calling out Mathew Yglesias on his dishonesty about the Bush tax cuts.

When you have writers deliberately manipulating data for the sole purpose of trying to make facts fit into their personal or political agenda, it is helpful when people like Hoft are willing to take the time and effort to show not only the data that disproves the lies but provides linkage to the actual data so that readers can go and form their own opinion.

While Gateway Pundit links to his own pieces, within those pieces are more than enough links to relevant data, reports and news articles to make the point and deliver a sound spanking toYglesias .

(Screen shot from Gateway Pundit Blog taken 10/19/10)


During the Bush years, despite the 2000 Recession, the attacks on 9-11, the stock market scandals, Hurricane Katrina, and wars in Iraq and Afghanistan, the Bush Administration was able to reduce the budget deficit from 412 billion dollars in 2004 to 162 billion dollars in 2007, a sixty percent drop. In 2004 the federal budget deficit was 412 billion dollars. In 2005 it dropped to 318 billion dollars. In 2006 the deficit dipped to 248 billion dollars. And, in 2007 it fell below 200 billion to 162 billion dollars. During the Bush years the average unemployment rate was 5.2 percent, the economy saw the strongest productivity growth in four decades and there was robust GDP growth.

Not only were more jobs lost after the 9-11 attacks in 2001 than in the 2008 market crash, but more jobs were created by President Bush’s pro-business policies and tax cuts than by the Obama-Pelosi “spend your way to hell” Keynesian failure.


Obama’s trillion dollar stimulus package failed.
Barack Obama and Nancy Pelosi tripled the national deficit last year by nearly a trillion dollars – something unheard of in our nation’s history.

After an unheard of record deficit last year of $1.4 Trillion the economy is on track to experience a $1.3 Trillion deficit this year.

Now that is what I call a spankin'!!!

(Note- Two links from Gateway Pundit were not fully functional, probably due to the move to RightNetwork's formatting, so I am providing a news article link below and a link to an unemployment graph, to replace them)

McClatchy "Deficit to top 1.3 trillion, 2nd worst in 65 years."

MSNBC "Federal deficit triples from year ago"

City Data- Unemployment, Bush, Clinton, Bush, Obama years.

Game. Set. Match.