Glenn Beck: Warning signs missed on economy

[mwb970]

So, the question that most people are now asking is: How do we stop things from getting worse? It's obvious: We should just listen to the politicians! After all, combining an impending recession with an impending election means that every candidate is also suddenly an award-winning economist.

Unfortunately, these "economists" all seem to believe that government intervention is the answer. From tax rebates to rescue funds to extra state aid, it seems that every politician believes that handouts will trigger prosperity. While there are plenty of ludicrous ideas to highlight, one of my favorites was pitched by Hillary Clinton during the recent Democratic debate in Nevada:

"I want to see money in the pockets of people who are having trouble paying their energy bills. That stimulates the economy. ... And then, if we need additional stimulation, we should look at tax rebates for middle-class and working families, not for the wealthy who have already done very well under George Bush."

Now, I'm not a former first lady, but I am a thinker, so let me ask the obvious question: Exactly how does helping a low-income family stay warm stimulate the economy? Are they going to suddenly run out and buy an exotic vacation where they'll spend their days brainstorming ways to employ hundreds of people? Of course not. But whenever politicians see an opportunity to promote government handouts, they jump at it.

http://www.cnn.com/2008/US/01/17/beck.housingcrisis/index.html

Isn't the idea that if you give money to rich people they save it, but if you give it to poor people they spend it? And isn't spending what stimulates the economy?

Glenn "The Thinker" Beck thinks that corporate tax breaks are the way to go. Just the fact that he advocates it tells me it's wrong.

[AX10]

1. There is no bigger handout than subsidies for corporations.

[PDJane]

2. It's wrong,

and it's immoral, and it continues the shift of assets to the top, which does nothing to ensure prosperity, health, jobs, or anything else important.

[Selatius]

3. It's a veiled attempt at promoting trickle-down economics or supply-side economics in 1980s parlance

If you want to stimulate an economy, you really ought to lay off on the taxation of people who spend the bulk of their income on bills and necessities like food.

A rich person who employs a thousand people only buys a vacation package or three each year. On the other hand, several dozen or even several hundred vacation packages are sold to his thousand employees. The number, of course, depends upon how well he pays his workers and what industry he's located in, of course.

[libodem]

4. I hate him

what a worm.

[0007]

11. Glenn is a baby snake that is no better than Bill O'Reilly or Ann Coulter

Its hard to believe that people like him can have a job on the level of Tokyo Rose.

[depakid]

5. "Just the fact that he advocates it tells me it's wrong."

That's about right. Of course, the same applies to a LOT of people on CNN.

[benld74]

6. Glenn Beck is an idiot

[navarth]

7. insert hemorrhoid joke of your choice

still can't figure how this clown gets any attention.

[MaineYooper]

8. Glenn Beck: the man who says what people who aren't thinking are thinking.

Thank you John Stewart- it sums Beck up so perfectly.

[Quantess]

16. Someday I will kick your ass.

No that's not what I meant at all.
I only meant nicest of nice.

[BobTheSubgenius]

9. On behalf of anyone out there who has ever had a thought....

.....that isn't one of 'em, Glenn.


Apart from every other deceptive facet of so-called supply-side economics - and you're right...that's exactly what his intent was, Selatius - booking an exotic vacation and taking your tax rebate offshore is a stimulus to the American economy?

Leave the thinking to those equipped for it, you third-rate racist hack.

[bemildred]

10. Tax the shit out of the very wealthy.

Make them do something besides speculate and bribe politicians with the extra cash.

[Xenotime]

14. NOW YOU ARE TALKING!!!

I'm am all for making the RICH pay for their GREED.

[XanaDUer]

12. I thought he was suicidal from some health problem?

Why is he still yakking shit?

[Xenotime]

13. Must have not been that big of a problem.

[Quantess]

15. It's BORROWED MONEY given out to .....

Who really cares who it's given out to! It's borrowed money.
We are all in debt already!

[Cobalt-60]

17. Ignore this animal. He's their version of Lord "Haw Haw"

It's not like I would have listened to him anyway.
But his victory dance at the news of Portero California's fire losses were the last straw.
He no longer exists in my universe.
Remember: No matter how cleverly crafted their lies are, they can't work if you don't listen.

[AlertLurker]

18. The idea that warning signs were "missed" is absolute bullshit.

I knew this was coming two frigging years ago. It was OBVIOUS. Nobody "missed" it - nobody REPORTED it.

Beck is one of those loopy RW assholes who are currently trying to re-define the term "fascism" as a left-wing ideology.