Friday, July 17, 2009

Syllogisms to Ponder

Roosevelt deepened and prolonged the depression.
Obama is following Roosevelt's model.
Therefore, our depression will be deepened and prolonged.

Reagan cut taxes to rid us of depression.
Obama raised taxes to rid us of depression.
One of the two actions must be wrong.

Roosevelt's raising taxes ruined our economy.
Obama is hugely raising taxes.
Therefore Obama will ruin our economy.

People are generally ignorant about economics
They seldom know how to fact check.
The possibility is good that Obama will not be held accountable.

A lack of private investment causes recessions.
Private investment is falling drastically.
Therefore our recession will deepen.

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