Ron Johnson was on of George Stephanopoulos’s guests today on ABC’s
This Week. Part of the debate was on
Social Security and the continuing conservative scare that it will run out of
money. Sen. Johnson claimed that he might consider tax revenues along with
entitlement reforms but said, “the fact of the matter is, we already have a $1
trillion in middle income tax increases hitting us in Obamacare. There’re
hidden, … At this point Nobel prize winning economist and NY Times columnist
Paul Krugman challenged him telling him his facts were not facts, and went on
to explain why.
Krugman receiving Nobel Prize.
Now we don’t to confuse Senator Ron Johnson with JC Penny’s new
CEO’s Ron Johnson who lost 30% of their revenue since taking over. He came from
Apple where they could just charge whatever they wanted because of their unique
market.
They do look a bit alike.
Now our Sen. Ron Johnson proudly proclaims he comes from the
business community as well. He did, he with his wife’s brother Patrick worked
for PACUR a custom sheet extruder company, which was created by his wife’s
father Howard Curler. He worked there as a accountant and a machinist. He often
seems confused between microeconomics and macroeconomics and that confusion
carries over to his politics. But the Tea Party likes him. And, he could
contribute $8.2 million to his own campaign 64% of his contributions.
There were a lot of very smart and articulate members that George
Stephanopoulos assembled: Rep. Debbie Wasserman Schultz D-Fla, ABC news George
Will, Paul Krugman (as mentioned), White House correspondent Julianna Goldman –
a lot of good intelligent folk.
I try to watch this program as much as possible, but I found myself
embarrassed by Sen. Johnson’s remarks. But then a lot of things about politics
embarrass me in this country.
Considering krugman is usually far from the facts and couldn't argue his way out of a paper bag (
ReplyDeleteand consistently argues for the most powerful on society having more and more power), I'd put my money on Johnson.
As for this being a conservative "scare", I remember when some conservatives were warning about the problems with Fannie Mae and Freddie Mac during the 2000s. Barney Frank, who held the position of power over this, said nothing was wrong. And the 'chicken littles' were right instead of Frank, and instead of nothing being wrong, it caused the economic collapse. One would do well to take care of problems with badly run programs, instead of lying about them out of ill intent as Krugman is doing.
I have a low opinion of Senator Johnson. I'd dis him but
ReplyDeleteothers have already done that .
Sorry, BB, I tried, but got lost at the beginning when the blogger could not spell "liberal".
ReplyDelete