Rick Santelli Blasts ‘Ostrich Economics’ (Video)

There are some highlights I’d really like to hit. The first one is that about 41.3% of unemployed have been unemployed for 39.1 weeks. That is huge and pretty much says it all. This is the weakest recovery since the Great Depression. A whole 4/5ths of the drop of the unemployment rate is due to a drop in the labor force participation. It is the lowest since 1981. (Video via Gateway Pundit)

Ron Paul Vs. Paul Krugman On Monetary Policy (Video)

From Monday, it was Paul versus Paul on inflation, government spending and the role of the FED on Bloomberg TV. Dr. Paul kicked his can here. Mr. Krugman completely distorts the cause of the Great Depression in the debate and also says the post World War II economy was best ever. This is two examples of Mr. Krugman completely misrepresenting the truth. Some highlights: Ron Paul – “Governments aren’t suppose to run the economy, people are suppose to run the economy.”

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