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Laffer on Cavuto: Obama administration is "the worst economics administration I've ever seen"

August 20, 2009 5:15 pm ET

From the August 20 edition of Fox News' Your World with Neil Cavuto:

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Previously:

Economist Laffer on CNN: "[J]ust wait till you see Medicare, Medicaid ... done by the government"

Paul Krugman asks, "What did Laffer mean?"

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    • Author by kfraz43 (August 20, 2009 5:23 pm ET)
      10 1
      From the creator of "trickle down". Priceless.
      Report Abuse
      • Author by Übermensch (August 20, 2009 5:28 pm ET)
        7  
        Don't forget President Obama is only 8 months in and he has the worst EVER
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        • Author by dmhack (August 20, 2009 5:47 pm ET)
          5  
          Why wait four long years to make a reasoned analysis when you can pop one out of your nether regions now? I'm just guessing, but I bet Laughingstock was prepared to make his pronouncement back on January 20th.

          Report Abuse
      • Author by LIBERTY OR DEATH (August 20, 2009 7:47 pm ET)
          5
        No economist has advocated a "trickle theory" of economics, which is rather a misnomer attributed to certain economic ideas by political critics.
        Report Abuse
        • Author by Scotty Johnson (August 20, 2009 8:29 pm ET)
          3 1
          No economist has advocated a "trickle theory" of economics,
          You're right. However, some have advocated a "tricke-down theory".
          Report Abuse
    • Author by wolf kotenberg (August 20, 2009 5:31 pm ET)
      7  
      Deregulation encouraged and permitted by the Bush 43 administration gave us a 900 point drop in the DJIA long befoe he left office. And production of finished products was largely shipped to foreign lands ostensibly under the " global economy banner " Has anyone noticed GM is beginning to produce cars americans want and is reopening plants ?
      Report Abuse
    • Author by fantagor (August 20, 2009 5:31 pm ET)
      5 1
      Ah, the inventory of the eponymous Laffer Curve, voodoo economics personified, speaks out against Obama. A man who isn't aware that the government runs Medicare and thinks making rich people richer is how to build wealth for everyone.

      Mr. Laffer, you cluelessness and heartless theories make the saints weep. They will open a new wing of Hell, just for you, someday.

      Randy
      Report Abuse
    • Author by SolRules (August 20, 2009 5:44 pm ET)
      2 1
      Worse than Hoover? Is this guy for real?

      How much worse can get after 8 years of Bush? We've spent Billions on two wars and still have nothing to show for it.
      Report Abuse
    • Author by dave (August 20, 2009 5:51 pm ET)
      1 11
      With all of BO's spending and the authorized printing of money, Laffer does have a point. BO is not good with spending so far, 8 months in or not.
      Report Abuse
      • Author by dr. matt (August 20, 2009 5:59 pm ET)
        4 1
        No, he doesn't have a point...at all.
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        • Author by dave (August 20, 2009 6:02 pm ET)
          1 7
          Nice...very well thought out. Explain the spending, the upcoming devaluation of the dollar, and the upcoming raising of taxes. Or just blame it on W.
          Report Abuse
        • Author by The_Cat (August 20, 2009 6:03 pm ET)
          5  
          No, Laffer -does- have a point. He just hides it under his toupee.
          Report Abuse
    • Author by rtwmd1230 (August 20, 2009 5:57 pm ET)
      5 1
      This is the "moran" who warned us how bad Medicare and Medicaid will be when they're run by the government.

      'Nuff said.
      Report Abuse
    • Author by rtdavis11200 (August 20, 2009 7:00 pm ET)
      4 1
      These clowns forget that Bush inherited a surplus and blew it by fighting a 3 trillion dollar war off budget in Iraq.

      Speak truth to Power!
      Report Abuse
    • Author by smarshall1432997 (August 20, 2009 7:26 pm ET)
      3  
      We ALL here at Media Matters should speak badly about President Obama and the Democrats just to see how quickly FoxNews Channel's Hosts would book us for their Shows so we can push the 'Pres.-Obama-doing-a-bad-job-on-EVERYTHING' and 'Democrats-do-NOT-know-anything-productive' to their Viewers. Who's with us? LOL

      Seems like Media Matters was "right" last week about how FoxNews Channel market their "lies", "smears" and "mis-information" to their Viewers on EVERYTHING against President Obama and Democrats 6 to 1 24/7. Hmmm...
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