(2010/09/01) The economics of stupidity (Economics)
Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy
Jay Tomlinson
4.5 • 3.4K Ratings
🗓️ 1 September 2010
⏱️ 71 minutes
🧾️ Download transcript
Summary
Edition #402
The economics of stupidity
Act 1: The Word - Ownership society - Colbert Report
Song 1: Different names for the same thing - Death Cab For Cutie
Act 2: Supply-side economics debunked - Young Turks
Song 2: Baby it's fact - Hellogoodbye
Act 3: Unemployed voters - Rachel Maddow
Song 3: Working class hero - John Lennon
Act 4: Wall street starving millions and getting away with it - Thom Hartmann
Song 4: Beautiful - Smashing Pumpkins
Act 5: Company you've never heard of wants to reward you - Onion
Song 5: Beyond the sea - Bobby Darin
Act 6: Social security rant by Cenk - MSNBC
Song 6: Kandi - One eskimO
Act 7: Econo-misers - Rachel Maddow
Song 7: Money for nothing - Dire Straits
Act 8: Barney Frank on the Consumer protection agency - Colbert Report
Song 8: When you were young = The Killers
Act 9: Were you born on the wrong continent - Thom Hartmann
Song 9: Summer in the city - The Lovin' Spoonful
Act 10: The unpaved States of America - Rachel Maddow
Bonus iPhone/iPod Touch App Content:
How Senators Protect The Richest Americans - Young Turks
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Transcript
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| 0:00.0 | This program is made possible entirely by listeners just like you. |
| 0:04.3 | For details on becoming a member or making a one-time donation, please visit BestOfTheLeft.com. |
| 0:09.0 | Now welcome to the award-winning BestOfTheLeft podcast with clips today from the Colbert |
| 0:13.0 | Report, The Young Turks, The Rachel Maddo Show, The Tom Hartman Program, and The Onion |
| 0:16.9 | Radio News with a bonus video clip for our iPhone app users from The Young Turks. |
| 0:30.2 | Brace yourselves because I have some terrible news. |
| 0:33.8 | At the end of this year, President Bush's tax cuts for the wealthiest 3% of Americans |
| 0:38.8 | are set to expire. |
| 0:40.6 | I know, I know, I know, stay brave, stay brave. |
| 0:45.3 | And what will happen if these tax cuts expire? |
| 0:48.9 | It's being called a ticking tax bomb. |
| 0:51.4 | Let's zero in on the upcoming tax bomb. |
| 0:54.4 | It's economically insane to be dropping this tax bomb. |
| 0:58.6 | A tax bomb, quick-witch people, to your tax shelters. |
| 1:05.6 | Why we have them, it's why we have them. |
| 1:12.9 | Thankfully, there may be a way to cut the right wire and disarm the tax bomb. |
| 1:18.8 | And it's the subject of tonight's word. |
| 1:23.6 | Membership society, folks, Republicans aren't a bit of a pickle here because these tax |
| 1:29.8 | cuts will add $1 trillion to the federal deficit. |
| 1:33.5 | Now, back in the Bush administration, when these tax cuts were originally passed, Vice President |
| 1:39.0 | Cheney famously said, deficits don't matter. |
| 1:43.8 | But these days, the GOP has changed its tune. |
... |
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