BTW-I wonder how long it takes to "come out of a recession". We've been coming out of one for eight years.
“antidote”?
Did grubby Gruber actually say “antidotes?”
The word is “anecdotes.”
Gruber needs to work on his (very limited) vocabulary. Obamacare is the disease and President Trump is the antidote. Gruber must have been distracted by an anecdote about the one person in America who believe Obamacare helped.
Slowest. “Recovery.” Ever.
Talk about stuck in the past. Do they think they know everything they will ever need to know when the walk out of college? That’s how it appears.
Criminally stupid.
Even worse, what is never reported is that a sizable chunk of GDP growth is fake because Obamacare is counted in.
I thought I smelled something...
We need an antidote for this ‘professors’ idiocy...................
By themselves arrogance and blithering idiocy are problematic, but Gruber has combined them into something truly mendacious.
“you’re saying antidotes.”
The American people are suffering because of the stupidity of Jonathan Gruber.
This guy needs to be indicted.
“Well Maria, that is absolutely wrong. That’s not how you consider data,” he retorted.
CEO: I'm not adding workers because of Obamacare.
Gruber: You, too? Sheesh! I thought it was just the American voters who were stupid, but no, it's also Fox Business hosts and CEOs.
Businesses are sitting on a record amount of cash. They aren’t spending it because they don’t like to take risks. They want certainty. When the president can fire an executive and take over his company, GM, or decree against long standing law who will take a haircut, the lenders or the borrowers, then they won’t invest. They won’t hire. They won’t expand. They will sit back and wait for the rule of law to return. Once Trump shows he believes in laws instead of government by personality the companies will start investing and hiring. (Then, all the money that Obama loaded into the economy will cause inflation like we haven’t seen since Germany in the ‘20’s.)
“Well Maria, that is absolutely wrong. That’s not how you consider data,” he retorted.
Well, Gruber may have a point. The testimony of 10 CEOs may not be how he considers data in his parochial and pedantic ivory tower wonky world existence.
In the more practical real world the rest of us are struggling in, however, it does define reality
On a more pertinent matter, why is this guy not under indictment for defrauding the American taxpayer
Antidotal evidence: Obama is repudiated and everyone but the mentally ill feel better.
Gruber is engaging in sophistry. What a statist, crypto-fascist prick he is.
In macro economics, it is very difficult to prove direct correlation. You can’t ask millions of people why they made one choice over another.
But - we can know many things, via A PRIORI logic. For example, we believe the inverse relationship of price vs. demand to be true. Therefore, if the cost of autos rise, we can reasonably assume that all else being equal, demand for autos will decline. Economists create complex models on exactly this basis.
Conversely, if you put a high Obamacare tax and heavy regulations on new employment, if companies most effected stop hiring, you can easily infer that as a cause.
Denying "true facts" beats putting forth "false facts" any day...