In response to:

The Invincible Lie: Part II

Cynical Mike Wrote: Jul 13, 2012 9:22 AM
I can't help wonder ... when the Democrats tell us that the stimulus wasn't large enough because things were much worse than they thought at the time, isn't that saying that they were even more incompetent than it appears now? If they weren't able to even figure out how bad things really were, how could they possibly be trusted to come up with the right "solution"? That's like hiring a new CEO to save a company in dire trouble, and he wrongly interprets the problems that caused the dilemma, or their degree. He then implements a recovery plan that is woefully inadequate, and the company either fails to recover, or its recovery is tepid at best.
Cynical Mike Wrote: Jul 13, 2012 9:24 AM
continuing ... The now not-so-new CEO blames his predecessor again and says that things were even worse than he thought when he took over. He proposes even more drastic measures, but, if he was wrong then, why would we assume that he's correct now? If you were on the Board of Directors of that company (and losing your shirt), would you re-hire that CEO?

Editor's Note: This column is part II in a series. Part I can be found here.

Nothing produces more of a sense of the futility of facts than seeing someone in the mass media repeating some notion that has been refuted innumerable times over the years.

On July 9th, on CNN's program "The Situation Room" with Wolf Blitzer, commentator Gloria Borger discussed President Obama's plan to continue the temporary extension of the tax rates established under the Bush administration -- except for the top brackets, where Obama wanted the tax rates raised.

Ms. Borger said, "if you're going to lower the tax...