Description

Edge of Chaos is a political podcast starring Joe Ryan and Neurotoxin. Its aim is to have a free-flowing discussion of news and current events that also examines the empirical outcomes of public policy, avoiding biases based on ideology and policy intentions. Listener discretion is both advised and encouraged.

Friday, July 26, 2013

It's A Sad Day For the US When Obama Makes Boehner/McConnell Sound Economically Savvy

I have to pinch myself every time I find myself agreeing with Boehner or McConnell on anything, but they're absolutely right here. Just like I predicted a week ago, Obama is just rehashing the same debunked speculation that the government borrowing money from megabanks specifically printed by the Federal Reserve for that purpose and spending it on proven-to-fail stimulus projects like "renewable" energy, Obamacare regulations, and the size-fits-all excuse of "infrastructure renovation" is pulling us out of the recession - although anyone with any modicum of understanding of economics realizes this is not the case. Heed my prophecy, this will fail him worse than it did the last 3-4 times.

-Toxin

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