It's the end of the world as we know it


Here is the latest doom and gloom from the LA Times. Naturally, they feel that a tax cut will mean the end of the world, or as they put it "trillions in deficits."

Of course they use the opinions of Nobel laureates and Alan Greenspan to present their opinion as fact. Are these the same Nobel laureates that gave Yassir Arafat and Jimmy Carter a peace prize? As for Greenspan, he's only one man. I still blame his multitude of interest rate increases during the Clinton administration as the harbinger of the dot-com bubble burst.

While the LA Times claims to have 10 Nobel 'laureates' on their side, the BBC claims that 3 Nobel economists (together with 112 other economists) back the Bush tax cut. So which is it?



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