JONATHAN CHAIT ~ THE BIG CON ~ 2007

~ HAH-B-CE ~ Hoodwinked And Hijacked – By – Crackpot Economics

~ CAC ~ Charlatans And Cranks

~ WMPWRWSD-AT-THBRBE-B-EBP-S-S-CIABOH ~ While Most People Would Regard With Some Distrust – A Theory – That Has Been Rejected By The Experts – But – Embraced By Politicians – Supply-Siders – Consider It A Badge Of Honor

~ OOTHO-CT-I-AA-A-UAT-EA-IF-TFSFW-T-LD-WEMCATBTE-B/S/W-TCOTOI-AAA-THPHW ~ One Of The Hallmarks Of – Cult Thinking – Is – After All – An – Uncanny Ability To – Explain Away – Inconvenient Facts – The First Such Facts Were – The – Large Deficits – Whatever Else May Come Along To Buffet The Economy – Bubble / Scandal / War – Tax Cuts Ought To Overcome It – Again And Again – This Has Proven Horribly Wrong

~ L-DNH-PC-ANST-FOIR-ANGALT-JS-PA-A-GHASINTPTPD ~ Lobbyists – Do Not Hold – Press Conferences – Are Not Subject To – Freedom Of Information Requests – Are Not Given Anything Like The – Journalistic Scrutiny – Politicians Are – And – Generally Have A Strong Incentive Not To Publicize Their Political Dealings

~ TMOTFO-BAG-ITAAMOC ~ The Merger Of The Functions Of – Business And Government – Is Treated As A Matter Of Course

~ IP-A-C ~ Influence Peddling – And – Corruption

~ T-RD ~ The – Revolving Door

~ B-T-PVB-DNCTCTALTDTT-PED ~ But – The – Party Voting Base – Does Not Cherish Tax Cuts To Anything Like The Degree That The – Party Elite Does

~ OP-STTP-B-OM-PU-TS-FTOT-TC ~ Opinion Polls – Showed That The Public – By – Overwhelming Margins – Preferred Using – The Surplus – For Things Other Than – Tax Cuts

~ ARWD ~ Any Rationale Will Do

~ ‘TOTM’-I-OC-M-ADTFD ~ “Tyranny Of The Majority” – Is– Of Course – Merely – A Derogatory Term For Democracy

~ TINLK-99%-F-VTIA-100%-T-O-T-WOTR-1%-A-DIAT ~ There Is No Law Keeping – 99 Percent – From – Voting To Impose A – 100 Percent Tax – On – The – Wealth Of The Richest – 1 Percent – And – Dividing It Among Themselves

~ M:TDTDW ~ Media: The Dog That Didn’t Watch

~ TPI ~ The Proudly Ignorant

~ TFTOHTCIPHCA ~ The Forces – That Once Held The Center In Place – Have Corroded Away