Pawlenty schooled by (gasp) Chris Wallace!

...aspirational goal my Aunt Fannie :P Bwhahahaha!

http://thinkprogress.org/politics/2011/06/12/243076/pawlenty-vs-chris-wallace-five-percent-growth/

Chris Wallace Schools Pawlenty: 5 Percent Growth Came After Tax Increases

<snip>
Pawlenty’s plan would cost $7.8 trillion, or triple the size of the Bush tax cuts, and explode the deficit. Furthermore, his plan’s incredulously assumes 5 percent growth for 10 years in a row while eliminating revenue. As Wallace pointed out, there have only been two times in recent history when the U.S. has achieved 5 percent growth — and they both came after tax increases. Pawlenty seemed stumped by how to respond to this ugly truth about his so-called “pro-growth” plan:

PAWLENTY: We have achieved 5 percent growth twice in the recent history of this country. Once under Reagan, once under Clinton. Now was it sustained for 10 years in those circumstances? <...>

WALLACE: But governor, is it declinist to doubt the 5 percent number or is it just a realist to doubt the 5 percent number? You talk about the fact that for a few years in the 80s and a few years in the 90s that we did have average 5 percent growth – or close to it, it was 4 point something. But the fact is, the difference is, in both of those occasions that was coming directly out of a recession, not after a year, a year into a weak recovery. And actually, in both of those cases, it came after a tax increase, not a tax cut.

PAWLENTY: But Chris, as I said — this is an aspirational goal.

More like an ass's irrational goal.

lame attempt to look non partisan.

OMFG