Flashback... Boehner Doesn't Understand Simple Economics Edition

August 4th, 2011

While reading through some old links, I came across this from Steve Benen. He warned us before the debt deal disaster that Speaker Boehner was "economically illiterate:"

"House Speaker John Boehner (R-Ohio) appears to have made a terrible error in his speech to the Economic Club of New York on Monday. His mistake was sharing with the audience his actual beliefs, which upon even cursory examination, are so conspicuously unintelligent, it’s rather alarming.

Bloomberg News examined Boehner’s assessment of existing U.S. economic policies and found that the House Speaker “built his case on several assertions that are contradicted by market indicators and government reports.” Jonathan Chait took a closer look at Boehner’s remarks on tax policy and discovered they were “gibberish.”