Economics & The Economy

  • John Boehner Is Dangerously Clueless About Economics – Matthew O’Brien – The Atlantic 

    It’s been a dismal few years for the dismal science, but even more so for the Republicans. The GOP has responded to the worst economic crisis since the Great Depression by rediscovering the failed policies of the Great Depression. Hoovernomics — tight money and tight budgets amidst a slump — has become the new, old dogma of the Republican Party. It’s a policy impervious to empirical evidence. Or, as House Speaker John Boenher showed, unaware of it.

    On Thursday, Boehner sat down with Maria Bartiromo of CNBC to talk about the economy. Here’s what he said about why markets have fallen so much the past few days …(read the complete article…)

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