Wednesday, October 9, 2013

GOP REP: US ECONOMY SHOULD BE RUN WAY HIS VET PRACTICE IS

In the NYT's today, Oct. 9, 2013, we read on page one that many in the G.O.P believe that default wouldn't be that bad.  The vast majority of economists and/or university professors, corporate spokespersons, business leaders,  the U.S. Chamber, the NAM, and "Wall Street" predict that a global economic meltdown might occur from a default.  Other scenarios are less dramatic, but extremely severe (the MSM hardly reports on the effects of a default on the poor and vulnerable people in the U.S. of course).  

The Times' article quotes GOP Rep. Ted Yoho of FL as saying that the U.S., the largest economy on earth should learn from the way he has managed his large animal veterinary practice.  He stated that a default would initially be destabilizing  ". . .but, heck, I've seen that in my business."

Well, as the late H.L. Mencken observed, if,  after reading the morning's newspaper stories about politics you don't laugh yourself silly, your brain's not fully functioning.


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