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Hannity cites dubious example of Japan's lost decade to attack Keynesian economics

November 02, 2009 10:51 pm ET

From the November 2 edition of Fox News' Hannity:

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Previously:

Media cite Japan's "lost decade" to criticize Obama's economic stimulus plan, but economists disagree

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    • Author by wolf kotenberg (November 02, 2009 10:54 pm ET)
      2  
      Why is this brilliant economist(Hannity ) not on FOX Business Channel ?
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      • Author by soze169880 (November 02, 2009 10:59 pm ET)
        1  
        I think the official reason he gave in the press release was "RRRGH NUMBERZ HURT SEAN HEAD!! NUMBERS NOT GREAT AMERICAN!!!!"
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      • Author by robyn20094113 (November 03, 2009 1:12 am ET)
        1  
        Do you detect a nervousness in his tone, lately? I wonder what it is? He is the same ole stupid but not quite as confident.
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      • Author by Civic Racecar (November 03, 2009 1:23 am ET)
        1  
        Because his degree is from the University of Midwestern Southern Wyoming State. Hannity has no idea what he's talking about and Schweizer is an idiot.

        Schweizer said, "Create jobs by creating the conditions and the opportunities to create opportunities to develop those jobs." Wow! So he thinks we should be cutting taxes for the rich, which will result in creating jobs to supply goods when there is no demand? The only problem with his argument is that people aren't spending as much, now that we are in a recession. If Schweizer wants to cut taxes, then unemployment benefits will go down, sales will drop, and the pocketbooks of rich people will get larger. It makes no sense to improve supply when there is no demand. Didn't they learn anything from the great depression when consumer goods were stockpiled because there was not enough demand?
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        • Author by jjamele2880 (November 03, 2009 6:50 am ET)
          1  
          It's not an argument, it's a bumper sticker. It's like when you ask a Republican "what's YOUR health care plan?" and the response is always "we've got LOTS of great ideas." In the end, the only "great idea" the Republicans have is "cut taxes, otherwise keep things the way they are, because this is the greatest. Country. EVAH!"
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    • Author by thejordan90 (November 03, 2009 12:07 am ET)
         
      He can't even pronounce Keynesian properly.
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    • Author by Oklad (November 03, 2009 1:26 am ET)
      2  
      Poor old Hannity thinks Keynesian economics has something to with Kenya..:)
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    • Author by Boxer1979 (November 03, 2009 1:05 pm ET)
      1  
      Hannity cites dubious example of Japan's lost decade to attack Keynesian economics

      He know nothing about Economics. This is a man who thinks the 80's was a great time of economic growth! LOL!
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    • Author by bewildered (November 03, 2009 10:23 pm ET)
         
      Is Hannity citing Japan as having some kind of economic problem??

      I can't say I know anything about Keynesian economics, but I do know that Japan has a surplus of wealth. Japan must be having such a hard time, especially with their less than 5% unemployment??

      Currently it might be a little over 5% due to the crisis.

      I can't help but laugh at Hannity.
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