Saturday, June 4, 2011

The liberal mindset hits reality again

American Thinker  "There are two constants in dealing with the liberal or socialist mindset: 1) they can never admit a mistake, always blaming it on others; and 2) regardless of the situation, they can ignore historical facts or the tenets of economics and achieve what others have not."

Companion article to the above: Telegraph View: a Budget windfall tax spectacularly backfires. "...this is an object lesson in the way tax rises can prove economically harmful. While South Morecambe is not producing, it is delivering no tax revenues; meanwhile, the shortfall will be filled by imported gas. So the tax take goes down and the cost to the consumer goes up: not a happy combination."
How much empirical evidence does it take for the left to realize their economic policies are ill-informed, envious and bankrupt?

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