Economics: GOP candidates would flunk Econ 101

Source: CNN.com

Economics: Presidential candidates slip on Econ 101

Every 2012 contender attended college. They all graduated. They went to schools like the University of Pennsylvania, Columbia, Texas A&M, Morehouse, Penn State and Emory. But decades have passed since these Presidential candidates first stepped onto campus as freshmen. Is it time for an Econ 101 refresher course?

America's Econ 101 professors say yes. In their view, the candidates continue to offer ideas and policies that wouldn't pass muster in their classes -- populated by 18 year-old college students.

"There are so many economic 'misstatements' being made," said Jonathan Lanning, a professor at Bryn Mawr who is teaching two introductory economics classes this semester. "And it isn't confined to any one candidate."

Michele Bachmann promised to bring back $2 gas. Tim Pawlenty suggested sustained 5% GDP growth was a realistic target. Rick Perry would balance the budget with lower tax revenues. No dice, say the professors.

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Anyone who votes for them is a sucker. It's what they count on.

of the time, yada, yada, yada." And if you can do that in the time period leading up to an election, you may win.

What's new?

The GOP's target audience won't listen to a pointy-headed inta-lex-shul. Within the safe confines of Fox News, Limbaugh, the NY Post & Washington Times, etc, all the math works for them.

gladly support politicians who advocate policies that would destroy them economiclly. There's a sucker born every second and he or she grows up to be a Republican.

management of the capitalist economy in a fashion that benefits the most people (if that's really possible), or engendering GDP growth, or balancing public budgets. No matter how many times they claim things like that.

They may be stupid and ideological, but their policy proposals are too consistent in their impacts, and the justifications too transparently illogical, for all of it to be a matter of mere stupidity and ideology.

This is about taking sides in a class war. The Republicans all know which side they stand on. Who pays the bills.

So do the leading Democrats, but they have a more difficult task: justifying policies to benefit the corporations and the richest who pay for the exorbitant campaign bills, while satisfying a voting clientele that for the most part opposes those policies.

It's easier to be a Republican.

They don't know what they are talking about most of the time. But they are very opinionated anyway.

Not that Romney would actually do so if he were President.

There's a sucker born every minute, and they will pay to exit.