The ‘magic button’ of economics doesn’t work

Growing up in the ’60s, William Beach knew it was a good idea to show up to caddy at the local country club on Thursdays. The future economist knew that on Thursdays, most of the rich men in town skipped work and met at the course to play golf, and they would usually be good for healthy tips.

Today, Beach works as head of data analysis at the Heritage Foundation, a conservative Washington think tank. Looking back, he told a Georgia Public Policy Foundation conference last week, he believes that those high-earning men worked just four days a week because at the time, high marginal tax rates of 90 percent to 70 percent didn’t make it worth their time to work a full schedule.

In other words, marginal tax rates drive the availability of country club tee times.

Beach didn’t seem to be joking in those remarks, and his audience certainly didn’t take it that way. His story offers a wonderful example of what I call “magic-button economics,” the tendency to explain almost anything that happens in economics and human life through the factor of tax rates on the wealthy.

Christine Ries, an economics professor at Georgia Tech who served on a state tax-reform commission last year, also subscribes to magic-button economics. In her own presentation at the GPPF conference, Ries bemoaned the Legislature’s failure to adopt the commission’s recommendations earlier this year, but predicted the setback would be temporary.

The commission’s recommendations, she reminded her listeners, would have reduced the tax burden on the wealthiest of Georgians — the “job creators,” she called them — by cutting the state income tax rate in half. To her credit, Ries also acknowledged that cutting taxes on the wealthy would mean putting more of the tax burden on the lower and middle classes, mainly by broadening the sales tax to apply to items such as food. But that’s a burden they should be willing to bear, she said.

“If you’re going to put a good tax reform proposal together, it’s going to be regressive,” she said. “People are going to have to accept that.”

Georgia already has a very low tax burden on business, she acknowledged. But it’s essential to Georgia’s future that taxes on the wealthy be made lower still, especially since the state is trying to compete with states such as Florida, South Carolina and Tennessee, with even lower taxes on job creators.

If Georgia enacts such reform, she predicted “growth beyond what any of us imagine, in a shorter time than any of us imagine.”
In other words, magic-button economics.

Unfortunately, the magic button hasn’t seemed to work for Florida, with a 10.7 percent unemployment rate; or for Tennessee, with a 9.7 percent unemployment rate; or for South Carolina, which has an unemployment rate of 11.1 percent, all well above the national average of 9.1 percent.

It also hasn’t worked at the national level. President Bush hit the magic button hard, enacting major tax cuts in 2001 and 2003. Yet even before the recession hit, gross domestic product and the number of jobs had both grown more slowly in the 2000s than they had since World War II.

In their comments, Ries and Beach talked about computerized economic models that Heritage Foundation is creating to help legislators and citizens project the impact of tax reform in Georgia. Those models will assume that tax reform inspires considerable growth, Ries confirmed in emails after the conference.

In other words, those models will project “magic-button” economic growth that is likely to be much too optimistic, putting the state budget at great risk. In fact, such models are so notoriously inaccurate that the Congressional Budget Office refuses to use them to project revenue.

Earlier this year, for example, Heritage used such assumptions to model the impact of a GOP proposal to cut a variety of taxes at the national level, with most again accruing to the wealthy. According to the model, the proposal would lower unemployment to 6.4 percent by next year, and to an unheard-of 2.8 percent by 2021.

After howls of disbelief from other economists, Heritage was forced to withdraw those projections as unrealistic. But that same approach is now coming to Georgia.

– Jay Bookman

752 comments Add your comment

Jim in Henry

October 5th, 2011
6:49 am

and your solution? more green liberal magic fairy dust of stimulus? or parrot the Obama lie of taxing millionaires and billionaires when he really means $250k? lets face it- obama wasted a crisis and missed his chance to shape his legacy

Jay

October 5th, 2011
6:56 am

It’s amazing how quickly every topic devolves into “Oh yeah, well Obama sucks!”

Normal

October 5th, 2011
6:58 am

Good morning to all y’all…

I the beginning of the “Religious Right”, but I don’t see how…

http://history.icanhascheezburger.com/2011/09/29/funny-pictures-history-mother-says-sex/

How the GOP wishes it was…

http://history.icanhascheezburger.com/2011/09/30/funny-pictures-history-darth-roosevelt/

Normal

October 5th, 2011
6:59 am

Jim in Henry…how does Henry feel about that?

Normal

October 5th, 2011
7:00 am

ty webb

October 5th, 2011
7:02 am

“It’s amazing how quickly every topic devolves into “Oh yeah, well Obama sucks!”

Good grief Jay. Why should it not?…or do you not remember the Bush years?.. Those that blamed bush for everything were simply “speaking truth to power”, right?

willydoit?

October 5th, 2011
7:06 am

Poor Henry!!

Doggone/GA

October 5th, 2011
7:12 am

“It’s amazing how quickly every topic devolves into “Oh yeah, well Obama sucks!””

Magic button blame?

Jay

October 5th, 2011
7:16 am

So you’re blaming it on what happened during the Bush years, Ty?

I thought conservatives had ruled it off limits to blame things on what happened back then.

Gordon

October 5th, 2011
7:18 am

Why don’t you write something about spending cuts or entitlement reform? Just like Willie Sutton, you know that’s where the money is. I think a column on how high taxes would need to be to support our current level of spending, or what level of cuts we would need to keep our current level of taxes would be very interesting.

Doggone/GA

October 5th, 2011
7:19 am

“Why don’t you write something about spending cuts or entitlement reform?”

blogspot.com is ready when you are

Good Little Liberal

October 5th, 2011
7:19 am

I’ve probably made more deals on the golf course than I have ever made in a conferance room. Everyone I know who owns their own business uses the links for the same thing.

Funny that wasn’t mentioned in the article.

ty webb

October 5th, 2011
7:21 am

No Jay. I’m just saying why should it bother you now, if it didn’t bother when Bush was to blame for everything?…that was a rhetorical question. I think we all now why it didn’t bother you then.

Good Little Liberal

October 5th, 2011
7:22 am

Doggone/GA

It always dissolves into Obama sucks because everything that is wrong goes right back to his failed policies. Its not a magic button. Its the elephant in the living room.

ty webb

October 5th, 2011
7:23 am

and sorry, meant “know” not “now”…dang bourbon!

Granny Godzilla

October 5th, 2011
7:24 am

Ah…Ms. Ries one of Speaker Boehners “150 economists”

In fact one of the 46 of that 150 (why not all I wonder?) that signed a 2003 letter to George W. Bush calling the Bush tax cuts “fiscally responsible”

Talk about EPIC FAIL.

So we should trust her now why?

Normal

October 5th, 2011
7:25 am

This is why they don’t teach students how to balance a checkbook any more…
——————

GLL: “Good Little Liberal

October 5th, 2011
7:19 am
I’ve probably made more deals on the golf course than I have ever made in a conferance room.”

What do you charge to caddy, then? :)

Joel Edge

October 5th, 2011
7:25 am

“It’s amazing how quickly every topic devolves into “Oh yeah, well Obama sucks!”

It comes from years of Reagan/Bush 1/Bush 2 sucks comments. Them chickens, don’t ya know.

Granny Godzilla

October 5th, 2011
7:29 am

Here’s the letter (yes the whole thing)from February 2003

Dear President Bush:

We enthusiastically endorse your economic growth and jobs proposal. It is fiscally responsible and it will create more employment, economic growth, and opportunities for all Americans. Moreover, it will improve corporate accountability and strengthen the nation’s international competitiveness.

Sincerely,

Did any of that stuff actually happen?

stands for decibels

October 5th, 2011
7:31 am

the “job creators,” she called them

When I am named benevolent dictator of these United Provinces, anyone using that term to describe our former Galtian overlords will be shot.

Good Little Liberal

October 5th, 2011
7:33 am

Normal

Yes I am a caddie. I carry my own clubs, as do everyone I have ever played with. Other than East Hills, I don’t know of an Atlanta course that uses caddies and I certainly never played at East hills. There are probably some out there, but they would have stopped my old chevy at the parking lot.

Guy Incognito

October 5th, 2011
7:34 am

Normal

October 5th, 2011
6:59 am
Jim in Henry…how does Henry feel about that?

Well played Normal. (golf clap)

1811/0311

October 5th, 2011
7:35 am

Jay

October 5th, 2011
7:35 am

You mean East Lake, GLL.

1811/0311

October 5th, 2011
7:36 am

Jay:

What do Van Jones & V.P. Biden say about the economy ?

ty webb

October 5th, 2011
7:38 am

If anyone is looking for a good looper (caddie, for all you layman)…Danny Noonan is one of the best.

Butch

October 5th, 2011
7:39 am

When is Harry Reid going to allow a vote on Obama’s wonderful jobs bill? And I thought it was those awful republicans blocking a vote……who knew?

1811/0311

October 5th, 2011
7:39 am

Headline: “Poll: 1 in 3 U.S. Veterans Believe Iraq and Afghan Wars Not Worth Fighting”

“WASHINGTON – One in three U.S. veterans of the post-9/11 military believes the wars in Iraq and Afghanistan were not worth fighting, and a majority think that after 10 years of combat America should be focusing less on foreign affairs and more on its own problems, according to an opinion survey released Wednesday.”

Read more: http://www.foxnews.com/us/2011/10/05/poll-1-in-3-us-veterans-believe-iraq-and-afghan-wars-not-worth-fighting/?test=latestnews#ixzz1ZuGZd8vK

Now “getalife” will say this 33% is unpatriotic.

Hummmmm …………………………. is he “booing” them?

HDB

October 5th, 2011
7:41 am

“Ries also acknowledged that cutting taxes on the wealthy would mean putting more of the tax burden on the lower and middle classes, mainly by broadening the sales tax to apply to items such as food. But that’s a burden they should be willing to bear, she said.

“If you’re going to put a good tax reform proposal together, it’s going to be regressive,” she said. “People are going to have to accept that.” ”

The problem is that I DON’T accept that!! A good tax reform can still be progressive AND good! Start with closing corporate loopholes that allow corporate offshoring and going back to the Clinton rates on personal income. How about lowering the corporate rate to 22% after closing the loopholes! How about eliminating the AMT for incomes under 200K?? That’s PROGRESSIVE tax reform!!

Good Little Liberal

October 5th, 2011
7:42 am

Jay

You’re right. I did play Charlie Yates at East Hills, probably more than any other course. Not exactly the PGA course.

Good Little Liberal

October 5th, 2011
7:43 am

East Lake, East Lake.

(There’s a East Hills up here)

Jay

October 5th, 2011
7:44 am

GLL, the front nine at Yates is very well done. Back nine, not so much.

1811/0311

October 5th, 2011
7:45 am

Talking about the economy ………………..

Headline: “PERRY POWERHOUSE: PULLS IN $17 MILLION “

Jay

October 5th, 2011
7:45 am

HDB, I don’t accept that either.

stands for decibels

October 5th, 2011
7:45 am

Florida, South Carolina and Tennessee, with even lower taxes

I see that Georgia and its neighboring states have not taken the passage of the 13th Amendment very well.

(oh, and Scout?)

Keep Up the Good Fight!

October 5th, 2011
7:46 am

Magic buttons and magical republican candidates — so much can be done when you ignore facts, history and actual evidence.

Snide Note: What time will Scout post the headline that Geller is linked to anti-muslim activists John Jay’s call for mass murder

Guy Incognito

October 5th, 2011
7:50 am

ty

I think I have to go with Danunzio

1811/0311

October 5th, 2011
7:51 am

Jay:

Decibles @ 7:45 is promoting violence. I’m calling PETA also.

Granny Godzilla

October 5th, 2011
7:51 am

Pam Geller. EEEK!

Union

October 5th, 2011
7:52 am

Obama hit the magic button with banks. Critics said they would find a way to make that money back. Hello new fees.

Granny Godzilla

October 5th, 2011
7:52 am

Scout

So is Pam Geller….Who ya’ gonna’ call?

Good Little Liberal

October 5th, 2011
7:55 am

Jay

Its been a while. I’m not very good, but I love the game. I’ve only cleared the lake one time. Thrilled me to death.

I miss playing out there.

Hey, I just saw an article on Yahoo where China is freaking out over the bill in the Senate that would allow additional duties on countries that manipulate their currencies. China does not work and play well with others.

http://news.yahoo.com/china-us-currency-bill-repercussions-090135830.html

Maybe something like that would be something that would pull us all back together.

1811/0311

October 5th, 2011
7:55 am

Granny:

Biden never heard of Van Jones.

I never heard of Pam Geller.

Who ya’ gonna’ call ?

Guy Incognito

October 5th, 2011
7:57 am

GLL

I carry my sticks as well. Berkeley Hills has a nice track to walk. And the same greens as East Lake.

Oh, I think they have caddies up at Legacy on Lanier.

Jimmy62

October 5th, 2011
7:57 am

Maybe it’s because the left has had their finger on their own magic button “Spend as much money as possible, punish those who succeed and reward those who fail” the entire time. It’s funny how you only like to mention part of the story.

1811/0311

October 5th, 2011
8:00 am

Jimmy62:

Excellent !

Brosephus™ - A rising tide lifts all boats, and a Rolling Tide lifts the Coaches Trophy on 1/9/12

October 5th, 2011
8:00 am

We talked about a magic button in one of my classes in college, but it didn’t have anything to do with economics and taxes. It had more to do with the female body. :)

Normal @ 6:59

That was sooo wrong!!!!!

I wish these people would quit propogating the myth that tax rates spur job creation. Tax rates, if they have any effect on hiring, would be a 2nd or 3rd tier factor. Demand is numero uno when it comes to job creation. Making taxes more regressive on the middle and lower classes will not spur demand. Somebody should tell these people to quit smoking that peyote and enter detox…

Keep Up the Good Fight!

October 5th, 2011
8:08 am

Today at Fortune’s Most Powerful Women Summit, Buffett wholeheartedly agreed to release his tax returns to the public. He just has one condition: “I think it might be a terrific idea if [the Wall Street Journal] would just ask their boss, Rupert Murdoch, and he and I will meet at Fortune, and we’ll both give you our tax returns and you can publish them.” Buffett noted, “I’m ready tomorrow morning.” Murdoch has yet to respond.

Well those who wanted to see Buffet’s current returns, here’s your chance. I am sure Murdoch will cooperate in between all the investigations. Let’s see what the “job creators” are really paying so we can learn to “accept” a regressive tax program revision.

Granny Godzilla

October 5th, 2011
8:08 am

Punish those who succeed? What? How?

Oh I know, we are making them sit in the corner on that uncomfortable
pile of cash reserves….

It’s no damn sleep number bed.

1811/0311

October 5th, 2011
8:09 am

Jay:

Why doesn’t Reid have enough dem. senators to pass the jobs bill ?

Finn McCool

October 5th, 2011
8:09 am

hmmm, one lesson from this is that if you go to GA Tech, avoid the economics department like the plague.

Heritage Foundation is all that needs to be said in any of this. What a bunch of goofballs.

Good Little Liberal

October 5th, 2011
8:12 am

Guy Incognito

I think you are right about Legacy.

Back in the early 90s, I was shooting video for CBN over on the coast (I think St Simons) They had set up where there were a couple of pro-golf instructors and had several pro-athletes stop by and talk golf and Jesus. (I know. weird)

Lots of down-time so the instructors offered the crew members some pointers. I had never played so they loved the fact that they weren’t having to fix problems. Within a few minutes, I was hammering the ball. I was Arnold Palmer. 200-250 yard drives were just flying off the face of my clubs. I thought: this is easy. I’ll be a great golfer.

I got back to Atlanta. Bought a good set of clubs and for the first two or three rounds, I did alright. Then, I started to develop my own problems and now I suck.

I love the game, but wow, it is really hard to play consistently. I still have a good round every once in a while, but it is rare.

stands for decibels

October 5th, 2011
8:12 am

if you go to GA Tech, avoid the economics department like the plague.

Yeah, my take-away as well.

RB from Gwinnett

October 5th, 2011
8:13 am

“It’s amazing how quickly every topic devolves into “Oh yeah, well Obama sucks!””

That’s funny as hell coming from the king of “everything wrong in the world is the fault of Republicans and can be solved by taxing rich people more.” You’re a joke, Bookman. Try reading your own garbage occasionally through the same hyper partisan lenses you just laid on Jim.

ByteMe

October 5th, 2011
8:15 am

You’re a joke, Bookman. Try reading your own garbage occasionally through the same hyper partisan lenses you just laid on Jim.

Reminder that you are supposed to take your meds in the morning BEFORE blog commenting.

Thomas

October 5th, 2011
8:18 am

Obama must be a believer in the theory based on his time on the links.

AmVet

October 5th, 2011
8:18 am

Thirty years of Reagan-foisted, trickled down economic failures, yet the faux conservative faithful, think it has been a smashing success for America!

it has been.

For those at the very top of the income scale.

For the rest of America?

Look around, cons. You tell me.

Record unemployment. Flat-lined wages. Record bankruptcies. Millions who’ve lost their homes. Growing poverty.

Manup and admit the truth.

Based on results, you suck. And your “representatives” should be tarred, feathered and run out of Washington and Atlanta…

1811/0311

October 5th, 2011
8:19 am

RB from Gwinnett @ 8:13

Be nice …………………….. :o

Aquagirl

October 5th, 2011
8:19 am

Normal @ 6:59 That was sooo wrong!!!!!

But sooo funny!

Bonus points to Normal for being that sharp before 9 am. Looks like a good day on the blog……

ty webb

October 5th, 2011
8:19 am

“if you go to GA Tech, avoid the economics department like the plague.”

well, that may not be the only are to avoid…
“3rd female says she was grabbed in Tech campus assault”

Normal

October 5th, 2011
8:20 am

I think of golf as Mark Twain did…”Golf is a good walk, spoiled.”

1811/0311

October 5th, 2011
8:20 am

8:09 am

“Jay:

Why doesn’t Reid have enough dem. senators to pass the jobs bill ?”

Granny, et al:

Maybe you can help Jay.

USinUK

October 5th, 2011
8:21 am

“It’s amazing how quickly every topic devolves into “Oh yeah, well Obama sucks!””

when all you got is nuttin’, FLING POO!

1811/0311

October 5th, 2011
8:21 am

ty webb:

Only one solution to that problem.

Move Tech.

Normal

October 5th, 2011
8:22 am

“if you go to GA Tech, avoid the economics department like the plague.”

This must be how the “Right Wing Conspiracy” is preventing the learning of economics…. ;)

Granny Godzilla

October 5th, 2011
8:22 am

Scout

Actually we are astounded that you don’t have that information yourself.

Good Little Liberal

October 5th, 2011
8:23 am

AmVet

Ignoring the two years that Clinton had a Democratic Congress and the two years that Obama had complete control of Washington, not counting the several years of Democratic Presidents.

So you want the Republicans to own what? That they didn’t storm the capital while the Democrats had complete power. Its mindless rants like the one at 8:18 that just destroys your credibility.

You are becomeing more and more like getalife. Maybe that’s what you want. .

1811/0311

October 5th, 2011
8:23 am

Normal:

“A golf course is nothing but a pool room moved outdoors.”

Frank Butler

ty webb

October 5th, 2011
8:24 am

“when all you got is nuttin’, FLING POO!”

or blame Reagan.

RB from Gwinnett

October 5th, 2011
8:24 am

“Reminder that you are supposed to take your meds in the morning BEFORE blog commenting.”

Thanks for chiming in. You can go back to your coloring book now…

1811/0311

October 5th, 2011
8:24 am

Ganny:

But I’m asking you …………… it’s your Party !

Normal

October 5th, 2011
8:24 am

Scout,
Same thing as before, he doesn’t have enough votes to stop obstructionist filibusters….

JKL2

October 5th, 2011
8:25 am

Who needs the “magic button” when we have the “magic negro”.

http://www.latimes.com/news/opinion/commentary/la-oe-ehrenstein19mar19,0,3391015.story

It’s Hoover’s fault!

Keep Up the Good Fight!

October 5th, 2011
8:25 am

Scout, sure I’ll help. It’s called the legislative process and working the bill through the legislature.

USinUK

October 5th, 2011
8:25 am

ty – Reagan???

dude. that’s old school.

Atlas Shrugging

October 5th, 2011
8:25 am

Jay has been kidnapped and Roseanne Barr is aswering his bloggers this morning…Jay, I still say that if you had skipped a few of those thremo-nuclear engineering classes while earning that JOURNALISM degree and attended a few economics classes you might be able to understand that GIVING money to the poor that is stolen from the weathly is only going to improve the LOTTO business in Georgia. And before you throw the “political card” I am not a DEM-wits, REP-ugnant, nor TEA-bagger.

ByteMe

October 5th, 2011
8:26 am

You can go back to your coloring book now

OOOooohhh, feel the burn. :roll:

Normal

October 5th, 2011
8:26 am

My old Man used to say, “They call the game golf, because all of the other four letter words were taken”…

Stonethrower

October 5th, 2011
8:26 am

“Them that’s got shall get, them that’s not shall lose”.

TaxPayer

October 5th, 2011
8:26 am

If only I could bottle tax cuts. I’d make a tax-free fortune peddling that miracle elixir to the conned.

Keep Up the Good Fight!

October 5th, 2011
8:27 am

the two years that Obama had complete control of Washington

First this then followed up with chiding AmVet about “credibility”…… :roll:

ByteMe

October 5th, 2011
8:27 am

Roseanne Barr plays golf in Atlanta?

USinUK

October 5th, 2011
8:28 am

“And before you throw the “political card” I am not a DEM-wits, REP-ugnant, nor TEA-bagger.”

I guess that just makes you a non-denominational wanker.

ByteMe

October 5th, 2011
8:28 am

If only I could bottle tax cuts. I’d make a tax-free fortune

I don’t think it’s tax-free yet, but Norquist is making damn good money on it.

Tommy Maddox

October 5th, 2011
8:28 am

Did someone mention that Obama sucks?

Jim in Henry

October 5th, 2011
8:28 am

sorry- actually been working before i go to the golf course

this conversation and the thread is boring- predictable and intellectually dishonest on more than one side- Jay- we remain anxious for your defense of the anointed one- can you defend him or only blame bush, ridicule candidates (including their size) and attack repubs- his policies and team of czars haven’t exactly proven stellar and his “focused on jobs like a laser” was non existent- i for one am glad we are going to have an idealogical debate and referendum on the liberal platform and the conservative approach to governing. yes its class warfare and he’s digging a deeper hole- even his own party doesn’t support his jobs agenda. so when the repubs say they will bring it up to vote now- Obama says they are playing politics- amazing

Granny Godzilla

October 5th, 2011
8:28 am

Scout

Playing possum are you?

ByteMe

October 5th, 2011
8:29 am

Was Norquist really named after a Muppet?

USinUK

October 5th, 2011
8:29 am

TaxPayer – cures baldness, rheumitism, the gout and “wimmen’s complaints”

carlosgvv

October 5th, 2011
8:30 am

The Republican Party is totally owned by Big Business. So, it’s no supprise that they will blame everything bad that is happening in America on taxes for the rich. They can look into the cameras with straight faces and say we just can’t afford to raise taxes on those “job creators” while knowing full well that few if any jobs are being created now. When your election and re-election funds totally depend on Big Business, you will do and say as you are told. If that means lying thru your teeth, so be it. Money talks and BS walks.

Good Little Liberal

October 5th, 2011
8:31 am

For anyone who plays golf and haven’t seen this, this is a must:

http://www.youtube.com/watch?v=pcnFbCCgTo4

TaxPayer

October 5th, 2011
8:31 am

Was Norquist really named after a Muppet?

He looks more like one of those angry birds to me.

Gale

October 5th, 2011
8:31 am

Economic stability is a complicated dance and global economics even more so. It amazes me that people who profess to know what they are talking about can claim a single element will solve anything with a straight face. Consider a spider web with one strand stronger or weaker.

ByteMe

October 5th, 2011
8:31 am

The Republican Party is totally owned by Big Business

Too many in both parties are totally owned by Big Business. Populism will rise in response. Paging Andrew Jackson….

AmVet

October 5th, 2011
8:32 am

What’s that I smell?

Oh! Good morning, GLL.

You’ve already lost. Because you are so bothered by me that you always make it personal.

Now, if you’re done telling everybody what a big wig winner you are, go shuffle off to your big wig job, OK?

And when you can interact in a civil manner let me know.

Or don’t.

1811/0311

October 5th, 2011
8:32 am

“Senate Majority Leader Harry Reid stepped up to stop a vote in the Senate on the president’s measure, which had been requested by an obviously satisfied Republican Leader Mitch McConnell, because both men knew what the president cannot or will not admit— that he does not have enough votes within his own party, let alone from Republicans, to pass the bill he’s been hyping for weeks.”

Halarious !!!

ty webb

October 5th, 2011
8:32 am

so we can deduct that carlosgvv is a tremendous walker.

ByteMe

October 5th, 2011
8:33 am

It amazes me that people who profess to know what they are talking about can claim a single element will solve anything with a straight face.

Follow the money. Who funds their paycheck? Why is this “economist” so enamored of a lobbying group’s skewed information?

USinUK

October 5th, 2011
8:33 am

1811/0311

October 5th, 2011
8:34 am

AmVet:

Just between us vets ………… no agend here.

What do you think about that poll just released ?

Headline (CBS): “Poll: 1 in 3 vets say Iraq, Afghan wars a waste”

http://www.cbsnews.com/stories/2011/10/05/national/main20115767.shtml?tag=stack