Skip to comments.Olbermann's 'Federal Budget Debt a Good Thing' Staggeringly Stupid
Posted on 02/10/2010 7:01:43 AM PST by icwhatudo
On a nightly basis, MSNBC's Keith Olbermann pompously presents himself as being the smartest guy in the room as he belittles every leading Republican in the nation.
But on Tuesday, the "Countdown" host exhibited a staggering level of ignorance as he claimed "federal budget debt" -- whatever that is! -- as a percentage of Gross Domestic Product is "about the same as it was in 1970," and "far less than it was throughout the Reagan administration."
To begin with, there is no "federal budget debt." There's a federal budget DEFICIT and federal DEBT.
That this self-proclaimed genius doesn't know these are different things is by itself proof of his almost unimaginable incompetence on this subject.
Yet, whether he meant debt or deficit, what he told viewers during his "Worst Person in the World" segment Tuesday was 100 percent wrong...
(Excerpt) Read more at newsbusters.org ...
Frontal lobotomy needed —— get this fool back on his meds.
More like: toys in the attic, rabidly delusional.
Olbermann is about one rant away from “Going Cho”.
Mind numbing stupid
5% under Reagan. 2.3% under Bush. 10% under Obama.
How can you think Bush’s deficits were bad and O’s aren’t? How is the debt a good thing all of a sudden?
Everything is politics to leftists whether its kindergarten, comic books or anything else. Politics trump everything.
Interesting numbers at the original website. Olbermann should avoid reading Media Matters press releases for a few days and do his own homework.
The staggeringly scary part about all these Socialists, Progressives, and Liberals, is that they drink their own bathwater (actually believe the tripe and illogic they spew).
This idiot needs to go back to reporting about baseball.
Something I’m trying to figure out is the accusation that Bush had $trillion+ deficits during his tenure.
The only way I can think of that it was $trillion+ is if you include TARP, but TARP was (in theory) LENDING the money, to be paid back. Yes, you could say that TARP required government to borrow the money, so it could be called a deficit at that time, however once the money is paid back (TARP), then how is it any longer a “Bush trillion-dollar deficit”?
I think he’s already had one or two.
Keith, like Barack, reads brilliantly from a teleprompter; which is proof only that both can read. But whether the ear bone is connected to the brain bone in either of them is the question. But if it is, which I fear is probably true, there is a level of mendacity in each that truly is breathtaking. Either way it is already overdue that they be assigned different duties, Keith can go back to sports and Barack can go back to neighborhood organizing.
I’m thinking Zero should consider Olberman for the OMB czar.
Simple, like the free thinking uber-intelligent economic genius he is, he has extensively researched the issue and...is parrotting Paul Krugman's op-ed from last weekend's NYT. Unfortunately he could not comprehend Krugman's nonsense and got it wrong.
Either that or he is a total moron that believes: Obama = good, Bush = bad
About the same time they recognize that AGW is a hoax...
The problem is its from 2007 and is predicting 2010 #'s. I guess when he saw it on media matters or think progress he didn't check the chart date.
Pure hazmat on the airwaves.
And this doublespeak rationalization was where when they were talking about how the deficits and debt under Bush, growing, was a bad thing? How the war funding was tanking everything? Debt bad. Now Obama triples the budget deficit in his first year and now, ‘debt good!’?
Oh yes - Republican President, debt bad, Democrat President, debt good. Brought to us by our objective, unbiased lapdog, Lewinski-giving propagandists. I can’t even call them journalists anymore.
They fired him from his last Sportscaster job because they thought he was nuts.
Keep that in mind as you buy consumer electronics.
The man who converted MSNBC into pure hate media, a vicious weasel named Jeffery Immelt, has been destroying the GE equity through his pet subsidiary MSNBC.
That looks roughly the same to me...don’t you think?
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