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"Reality has a well-known liberal bias." 

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European austerity weirdly contradicts conservative values

Eurozone austerity

“If we tighten our belts it will lead to growth,” Rand Paul has said. “Reducing the deficit always makes economies boom,” Paul Ryan has said. So why is this graph showing otherwise?

Of course we have not just heard this from our conservative hero, Rand Paul Ryan. We have also heard this from great intellectuals like Rush Limbaugh and Sean Hannity.  They all tell us the same thing: deep cuts in spending will balance the budget and instantly lead to an enormous explosion in hiring, productivity, GDP, puppies, rainbows, and oral sex.  In other words: it will solve all problems in the world.

Weirdly, the above graph shows that in European countries, there is a negative relationship between the degree of austerity they implemented, and their GDP growth.  More specifically: across Europe, the more dedicated a country was to cuts and austerity, the more their GDP dropped.

WHAT IS WRONG WITH YOU, STUPID GRAPH? DIDN’T YOU GET THE MEMO?

When statistics like these dare to contradict the talking points of our great lord and leader, Rand Paul Ryan, there is only one conclusion we can come to:  the statistics must have a liberal bias!!!

 

graph data source: IMF, World Economic Outlook Database
graph found via: Paul Krugman, New York Times

related article: European unemployment weirdly contradicts conservative values

 
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