It's footage from 2006 and 2007 of people talking about the economic forecast. It's from a bunch of different sources, but mostly FOX News. Almost everyone is very optimistic about the economy!
It's pretty long, so if you just want a good gist of it, go to about 3:25 in.
Okay, I knew that Arthur Laffer was a moron. He's the brains behind Reaganomics, after all. I also knew that Ben Stein is virulently stupid, but I thought it was mostly limited to being totally ignorant of science. I didn't realize it extended into his actual field of
What I didn't realize is that so many "experts" were total idiots. Apparently Peter Schiff was the only exception. I also never expected that the other "experts" would be so proud of their idiocy that they'd actually laugh at and mock the one guy who had a clue. Are they all trying to be Bill Kristol?
I'm no economist, but one skill I do have is knowing who to listen to and whose dumb ideas to ignore. This is actually very easy to do.
Allow me to demonstrate via an analysis of this screencap:
Guy on the left: Some sort of bastard hellspawn from the unholy coupling of Mitt Romney and Fred from Scooby Doo. Spends most of his time laughing derisively and being insufferable. Then goes home to his pseudo-Italian villa and masturbates to pictures of starving African children because their swollen bellies get him hot.
Guy on the right: Nerdy, bookish looking type. Unremarkable-looking cross between a generic dentist and a generic accountant. Spends most of his time trying to explain why the economy is fucked up and trying to ignore the scoffing assholes. Then goes home and probably reads a book about economics or maybe baseball statistics if he wants to relax.
Who you should listen to for economic advice: the guy on the right, obviously.
See? It's easy! Now we just need to get news programs to stop putting guys like the jerk on the left on the air and we'll be all set. Any day now.