Liberals flunk Economics 101

According to a Zogby survey (buried by the mainstream media as an irrelevant news item), self-identified Democrats and Progressives score badly on a simple test of economic understanding. This, according to the May issue of Econ Journal Watch (which I read only because it was the swimsuit issue), was no surprise to the cognitive few remaining among us.

The Econ Journal (for you liberals reading this, “Econ” is short for “economics”) concluded that the data are clear: “The left flunks Econ 101.”

Zogby asked 4,835 respondents simple economic questions and then asked them to identify their political leanings, ranging from progressive/very liberal, liberal, and moderate to conservative, very conservative, and libertarian. Not surprisingly, the libertarian/very conservative respondents scored much better overall, four times better than the progressive/very liberal group.

In fact, it was not even close. The libertarian/very conservative group missed an average of 1.34 of the 8 questions, while the progressive/very liberals answered a whopping 5.26 questions incorrectly, getting only 35 percent right. My guess is that liberals will apply for and get an affirmative action curve on the issue so that everyone tested gets the same score—or reparations. It’s only fair, right?

Economics, the “dismal science,” employs a cold, hard recognition of facts and of human nature.  And as liberals tell us, facts are, by their very nature, unfair. It is always easier for people to act on their emotions rather than on logic. This is why a picture of an oil-drenched pelican goes further in enraging people against BP — and drilling — than does the fact that, if we do not drill for oil off our coastline, Cuba, Vietnam or Venezuela (which have horrific safety records) will. These same people do not recognize that oil is a commodity we will always need.

In short, it is painful to think logically in most political situations.  When we do, we are painted as cold-hearted jerks. It was easier to sell John Low-IQ Public on the concept of “hope and change.” Never mind that no one has any idea what that meant.

Only 10 percent of Americans have a favorable opinion of Congress. I think it can also be concluded that ten percent of us do not know what “favorable opinion” really means.

My guess is that about half of Americans will not care when U.S. Treasury bonds lose their AAA rating because they will wonder, “Why does it matter what the auto club thinks about our debt?”

Many Americans no longer know what this country stands for. Taught by liberal educators who omit facts that do not fit their narrative, Americans have become lazy thinkers. Way too many voters think that the Battle of the Alamo was a rental car dispute.

It is unfair to say Obama does not care about jobs. He does: his and Joe Biden’s in 2012. His job is tenuous; if he wants federal government employment for life, he needs to appoint himself to the Supreme Court or get a GM union job.