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Eminent Domain Stuff

New London Update (2/24/06)
Coverage of the Rally at New London's City Hall (w/ pics)

Tuesday, October 12, 2004



I find it absolutely amazing how stupid journalists can be. Read this article and then come back and read the rest of this post.


Notice anything? How about these two lines in the same article:

The American analyst, who is a professor at Arizona State University and a researcher at the Federal Reserve (news - web sites) Bank of Minneapolis, said a large tax cut in 1986 had lowered rates while collecting the same revenue.

Bush, who is fighting to get re-elected November 2, has cut taxes by about 1.7 trillion dollars during his term. (emphasis added)
Now, I'm no economist, but does it seem just a little stupid to say that Bush cut taxes to the tune of an absolute dollar amount when a Nobel Laureate says that lowered rates in 1986 ended up "collecting the same revenue"?

Just another example of the BS foisted on us by professional journalists who don't get it...but pretend they do.


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