Media Matters Slapped Like Redheaded Step-Child (Big-Stick)

Larry Elder takes Media Matter to the tool shed and excoriates the headline grasping leftist org:

  • Fox News guest co-host claims that FDR’s New Deal created the Great Depression (MEDIA MATTERS)

In this opening segment of his show, Larry sets forth a strong case for his view in 8-minutes.

I wanted to also have the first 2-hours of his show included in another upload (they were excellent), but alas, I am too tired and am working long hours. (I wish I could do this for a living! 870AM should have their own YouTube with uploads like National Review and other orgs.) Here are two articles mentioned during the show:

Progressivism vs. Declaration (4th of July Primer)

(School is in!) Mark Levin shares his study of the U.S. Constitution and it’s Founding. The American Founding. Levin discusses the miracle of the death of the two men key to the Declaration’s appearance (Jefferson and Adams) on the Fourth of July. He then treads into progressive waters and the current dislike of our American Founding as compared to history. He reads from Woodrow Wilson (our first Ph.D. President) and his disdain for the Founding document and Principles. Then a reading from — really a counter point — Calvin Coolidge to cement the idea that these are eternal principles. Levin wonders aloud how Leftists can even celebrate the 4th in good conscience.

About the Declaration there is a finality that is exceedingly restful. It is often asserted that the world has made a great deal of progress since 1776, that we have had new thoughts and new experiences which have given us a great advance over the people of that day, and that we may therefore very well discard their conclusions for something more modern. But that reasoning can not be applied to this great charter. If all men are created equal, that is final. If they are endowed with inalienable rights, that is final. If governments derive their just powers from the consent of the governed, that is final. No advance, no progress can be made beyond these propositions. If anyone wishes to deny their truth or their soundness, the only direction in which he can proceed historically is not forward, but backward toward the time when there was no equality, no rights of the individual, no rule of the people. Those who wish to proceed in that direction can not lay claim to progress. They are reactionary. Their ideas are not more modern, but more ancient, than those of the Revolutionary fathers. — Calvin Coolidge (POWERLINE)

BTW, if one does not know the history of the fourth in regard to Jefferson and Adams, or the eternal principles BEHIND the Declaration, here are some decent videos:

How Is Obama’s Economic Recession the Worst? Larry Elder Explains

Larry Elder weighs in with an older article from 2011: Economy: Reagan Gets No Credit, Obama Gets No Blame

Ronald Reagan did nothing. Barack Obama saved the nation from total collapse.

How else to explain the absence of jobless pitchfork-wielding Americans storming the White House? How else to explain the contrast between the explosive Reagan Recovery and the dud on our hands right now? Fortunately, the left is up to the task.
“The secret of the long climb after 1982 was the economic plunge that preceded it. By the end of 1982 the U.S. economy was deeply depressed, with the worst unemployment rate since the Great Depression. So there was plenty of room to grow before the economy returned to anything like full employment,” said left-wing economist, Nobel laureate and New York Times columnist Paul Krugman in 2004. Oh.

An economy that is “deeply depressed,” Krugman insists, or at least he did seven years ago, naturally comes back strong. To what principal factor did Krugman point to in calling the 1982 economy “deeply depressed”? Unemployment. It peaked in the early ’80s at 10.8 percent, even higher than during “The Great Recession” (aka the economy “inherited” by President Barack Obama). In 2010, the unemployment rate hit 10.2 percent, which means the early ’80s still holds the record for the “worst unemployment rate since the Great Depression.”

What most people care about are jobs. By that standard, Reagan faced an even tougher economy. Throw in a higher rate of inflation — 1980’s 13.5 percent average vs. 2011’s 2.6 percent — and much higher prime interest rates — 20 percent vs. 3.25 percent — and the early ’80s looked even grimmer than The Great Recession.

Krugman gives no credit to the Reagan policies of lower taxes, deregulation and a slowdown in the rate of government spending. He believes Reagan’s policies (SET ITAL) harmed (END ITAL) the economy. Krugman approvingly quotes Bill Clinton, who, as a presidential candidate, said: “The Reagan-Bush years have exalted private gain over public obligation, special interests over the common good, wealth and fame over work and family. The 1980s ushered in a Gilded Age of greed and selfishness, of irresponsibility and excess, and of neglect.”

Enter President Barack “Hope and Change” Obama, with a Democratic majority in the House and a supermajority filibuster-proof Senate. Out went policies like reductions in income taxes, corporate taxes, capital gains and dividends. In came transfers of money from one pocket to another to “spread the wealth.”

Under ObamaCare, the Democrats placed the entire health care system under the command and control of the federal government. Through a nearly $1 billion “stimulus” package, Democrats spent money on “shovel-ready” projects with a promise to “save or create” 3.5 million jobs. To rein in “greed” and to fight “climate change,” the Obama administration imposed billions of dollars’ worth of new regulations on businesses. Through “quantitative easting,” the Federal Reserve effectively printed money to keep interest rates low, a widely disputed policy designed to encourage banks to lend and businesses to borrow.

So where is it? When do we see the massive bounce-back from this “deeply depressed” economy, at minimum the kind of bounce-back that occurred in the ’80s in spite of the allegedly harmful policies of Reagan?

Krugman’s analysis of the Reagan recovery — a deep recession equals sharp recovery — tells us that the economy should be storming ahead, especially given Obama’s enlightened leadership. But in the seven quarters following the end of this recession, gross domestic product growth has averaged 2.8 percent. In the seven quarters following the Reagan recession, GDP growth averaged 7.1 percent.

…read more…

(Below) The C.A.T.O. Institute has been proven correct in their warning!

Calvin Coolidge ~ The President Who Shrank Government (PragerU)

Is it possible to make government smaller? Few think so today. Few thought so almost a century ago, following WWI. But one man proved them wrong, our 30th President, Calvin Coolidge (1923 -1929). Acclaimed historian Amity Shlaes explains how Coolidge did more by doing less and why his governing style might just be the approach we need now.

My Favorite Coolidge Quote

“Men do not make laws. They do but discover them. Laws must be justified by something more than the will of the majority. They must rest on the eternal foundation of righteousness.”

Calvin Coolidge, “Have Faith in Massachusetts,” Massachusetts Senate President Acceptance Speech (Jan. 7, 1914) ~ 30th President of the United States (1923–1929)