Sean Hannity Gets Bitch Slapped by an Actual Economist
http://thedailybanter.com/2016/03/sean-hannity-gets-bitch-slapped-by-an-actual-economist/
Serial liar and conservative propagandist Sean Hannity had a rather embarrassing interaction with a real economist on his radio show yesterday, and was ruthlessly exposed for spreading false information about President Obama's economic record and the causes for the economic crash in 2008.
Austan Goolsbee, who formerly served as the Chairman of the Council of Economic Advisers and was the youngest member of President Obama's cabinet, went on Hannity's show and thoroughly dismantled the Fox News presenter's deeply misleading statements that he professes with the certainty of a True Believer. Goolsbee was efficient in destroying all of Hannity's arguments because he used the exact same statistics Hannity attempted to use to prove his point, putting them into historic context and proving the complete opposite. Check this interaction for example:...
Later on, Hannity moved on to blaming the economic collapse on poor people and liberals who authored the Community Reinvestment Act (CRA) -- a popular conservative meme that is easily debunked by the actual facts. The CRA encouraged commercial banks and saving associations to offer mortgages to low and moderate income neighborhoods and helped stop discriminatory credit practices against them. The act did not, however, encourage banks to make ludicrous loans to people without providing proof of income, and has historically had a very low default rate given the properties were bought in neighborhoods with low cost housing. There is also the fact that the majority of subprime mortgages were made by non-banks. As Goolsbee told Hannity: ...
Hannity then attempted to completely change the subject, knowing full well he'd just been bitch slapped by someone who not only knew what they were talking about, but was not intimidated by his confident bluster. After all, conservatives don't do too well with reality given it almost always directly contradicts everything they believe in.
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