February 28, 2008

Stupijectivity : Traditional Journalism's last refuge

How many times have you heard someone in the press talk about how they must be objective, even in the face of blatantly false information? Basically, that they must present all sides of an issue?

Think about this for example... under these rules, it would make sense to write an article about two groups of people you differ on what 2+2 equals.

Some believe that 2+2=6. Others believe that 2+2=4.

Simplistic? You betcha. Change it to this...

Some believe that tax cuts increase government revenues. Other believe that tax cuts produce less revenue that would be obtained with no cuts.

It's the same basic premise... one group believes that you get more than your inputs and receive a free lunch while another believes that you get exactly what you put in, no more, no less. The latter, in both cases is EMPIRICALLY right. That former 'argument' in the second example is pure supply side bullshit and it's completely wrong since it's based on the Laffer Curve and we're already taxing on the left part of the curve from which additional cuts equal diminished revenue.

Welcome to the world of the stupijective.

Posted by mcblogger at February 28, 2008 10:00 AM

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