5 Scary Myths You Probably Believe About the Economy | Cracked.com

Our congressman, Rep. Tom Reed, at the May 11 Newfield Town Hall Meeting, said that the Debt was the most important issue facing our country The next three important issues are: Relief from regulations for businesses, Tax Reform, and The Energy Policy–all directly relating to our economy.  The following article, which discusses the “5 Scary Myths You Probably Believe About the Economy” was sent to me by a reader. He told me that the article broke the economic down so well that even HE could understand it better.

“Pundits love to tell us that the American economy is circling the drain due to the recession and politicians throwing money out the window like it’s made of bees. To hear them say it, America is always just on the cusp of a Mad Max-style blasted hellscape.

But in the midst of all that doom and gloom, there are a whole bunch of very smart people saying that things aren’t nearly as bad as the inflammatory headlines make it look. We aren’t saying they’re right (spoiler alert: nobody can actually predict the economy), but there’s no reason why we should always assume the pessimists are right, either. So if nothing else, it will improve your mood a bit to hear …”

  • China is not on the verge of owning America
  • American Manufacturing is NOT Dead
  • Immigrants are NOT Ruining our Economy
  • Deficits are not always bad
  • and… I’ll let the last one surprise you

The article presents the information in a quick, “What You’ve Heard” and “But Actually” format. If you really want to understand the concepts deeper, there are links to videos, charts and graphs, and other articles. To be honest, this article doesn’t agree with much of Rep. Reed’s economic opinions.

5  Scary Myths You Probably Believe About the Economy | Cracked.com.

About pystew

Retired Teacher, political science geek, village trustee. I lean a little left, but like a good political discussion. My blog, the New NY 23rd (http://newny23rd) is about discussing the issues facing the people of our new congressional district. Let's hear all sides of the issues, not just what the candidates want us to hear.
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1 Response to 5 Scary Myths You Probably Believe About the Economy | Cracked.com

  1. whungerford says:

    Tom’s credibility can’t be shaken with facts. He’s “from here;” many share his views right or wrong. Tom is vulnerable on “wedge issues,” spending for example. As a moderate he would spend for a worthy purpose, but he can’t say so without offending part of his base.


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