Jennings said, "Look, I can understand that there are some people who genuinely believe that interfering with the free market unleashes forces we can neither predict nor control. What I don't believe is that this is an excuse for doing nothing."
"I also can't buy that Reagan-esque BS about decreasing taxes generating a net increase for government funds. There is not an ethical economist on either side who will say that. The only people who DO say that are pundits and politicians, and we all know what excellent predictors of financial outcomes THEY are."
Jennings continued, "And don't get me started on 'A rising tide raises all boats'. We've had plenty of experience of both rising and falling tides. And while it's true that falling markets affect everybody, they affect the ones on the bottom far worse than those on the top. And nobody has ANY evidence that better economic times have helped anybody other than the ones at the very top. The 'rising tide' is the wrong metaphor."
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