Posted on 10/10/2011 10:01:44 AM PDT by Nachum
For those inclined to rhapsodize Harvard Law Professor and now Democratic Senate candidate Elizabeth Warren, it is a salutary experience—as salutary as a cold shower—to read this analysis of Warren’s major politically significant work by Atlantic blogger and brilliant student of economics Megan McArdle. Of Warren’s book The Two Income Trap, McArdle writes ” the deeper problem is that some of her evidence doesn't really support her thesis, and can be made to appear to support her thesis only by making some very weird choices about what metrics to use.” McArdle eviscerates Warren’s
(Excerpt) Read more at campaign2012.washingtonexaminer.com ...
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That’s life in a Liberal think tank. It’s who they are. It’s what they do.
I’m a big fan of Warren. Still.
What liberal isn’t an intellectual fraud?
In Youtube there is a great lecture by warren where she talks about our “wants” deflating and our needs inflating. It was in the vein of “if prices are not going up and I even got a raise, why is it harder to make ends meet.
I liked it because she nailed rising taxes, fees, etc. as one of the main inflationary culprits killing the middle class family. And I already agreed with her before I ever heard of her. :-D
I’ve been focused on her lectures and books/articles about the economy as opposed to her politics. I somehow missed that she was a “liberal”. Doesn’t mean she isnt. I may have had blinders because I so much liked how she exposed some economic falacies.
Really. Any other big time communist/lefties you like also?
All liberals are intellectual frauds, and it is refreshing to see that one of them has been caught before getting crowned with the Senate office.
—Really. Any other big time communist/lefties you like also?—
I dunno.
I go by what she has said written that I have been exposed to. I really liked her two income myth book and think she is spot on. I’ve counselled a lot of young families to count the cost of two incomes and make sure it’s really financially (and quality of life wise) worth it.
I don’t know what her politics are, but I find it interesting that she thinks one of the problems with our economy is high taxes killing the middle class. That doesn’t sound like a communist/lefty. But maybe she has said some things that are overtly so, I just haven’t seen them.
I’m jumping into a political hornet’s nest, I know, but I have to ask, if Sarah Palin had said this, would you say “right on!”?
“America’s middle class has been hammered, squeezed and chipped at for a generation now, and it can’t take it much longer,” she added. “This is what I work on. This is my life’s work. I’ve done research on it, I’ve written about it, I’ve advocated for these families. When we hit a financial crisis I went to Washington to try to work on the bank bailout and bring some transparency and accountability to it,” .
That is a direct quote from Warren during a debate with Brown. What’s wrong with that quote?
What she says and what she does are two different things.
And what about this: “The people on Wall Street broke this country, and they did it one lousy mortgage at a time. It happened more than three years ago, and there has been no real accountability, and there has been no real effort to fix it. That’s why I want to run for the United States Senate,”
Maybe it’s all just political gainsaying, except I saw some of her lectures on this very stuff, so she is not a sudden convert to these viewpoints. So what exactly has she suggested that makes her a liberal? I’m not picking a fight. Rather, I sincerely would like to be educated on this*.
*I’m googling her right now to see if I can find any of this evidence on my own but am not having much luck yet.
'Nuff said.
Well, I confess I like all of the below, except the last line I would like to put into a differenct context:
“You built a factory out there? Good for you,” she says. “But I want to be clear: you moved your goods to market on the roads the rest of us paid for; you hired workers the rest of us paid to educate; you were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did.”
She continues: “Now look, you built a factory and it turned into something terrific, or a great idea? God bless. Keep a big hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.”
That last line must, MUST be voluntary. I agree with the rest. Heck, the reason western civilization has exploded technologically is that the system protected creator’s ability to keep the financial rewards of bothering to create. That is why armies, police forces and patent laws matter. People go forward to invent and create with the belief that if they are successfull, they will be rewarded.
But that last sentence, I’d question her about. It is like welfare: That is, the Lord told us to give to the poor and that it is greater to give than to receive. A major reason is the satisfaction of the “help your fellow man” gland’s need to be satiated. When you are FORCED to help, that does just the opposite. Virtually all the highly successfull people in the western world have more than spread their knowledge and opportunity to others. To insert government into that equation would be an insult and catastrophic in its long term impact to our culture.
I’d want to grill her on that last line and find out if it was just a way of getting progressives to vote for her or if she planned on putting it into legislative action, once elected. If the latter, she is dangerous.
That, my FRiend is communist propaganda. Wall street broke nothing. It was the Federal government the created the fiasco that loosened the lending laws that truly destroyed our economy. Any student of basic economics understands that now. She was one of the architects if the intentional destruction of our currency.
—Since August 26, 2011
‘Nuff said.—
So, you think I was born this year?
:-D
Snap out of it, man.
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