I’ve been going back and reading archives of the Lakeland Ledger, especially Bill Rufty, the main political writer. He leans to the conservative view point on most things, for sure, but I’m glad to see that sometimes he can also see through Putnam’s BS. This is a blog post he wrote a few months ago:
U.S. Rep. Adam Putnam, R-Bartow, say that the new high on the Dow Jones Industrial Average is all because of Reopublicans. (Gee, I thought it was because of investors).
But Putnam, chairman of the House Republican Conference, said it was Republican tax cuts when the GOP was in charge in Congress that has propelled the Dow Jones Industrial Average above 14,000 and closing at another record high:
“It’s no surprise the market’s on a good run right now - investors are feeling confident about the state of our economy and rightly so. Whether it’s more new jobs, a lower deficit, or a surging Dow, the benefits of pro-growth Republican policies are clear as day,” Putnam said in a press release.
“Republicans will continue to lead the way on fiscal responsibility by holding the line on spending and fighting to keep taxes low. In stark contrast, Democrats are setting the wrong fiscal priorities for our nation by passing one budget-busting spending bill after another,” the press release continued.
Say, remember last week when the Dow dropped 148 points? Not to rain on anyone’s parade with a shower of Keynesian economic theory, but what did that?
Two main problems with Adam’s assessment:
- The stock market is not the same as the economy. One can do well while the other fails miserably. They are related, but not at all the same.
- The economy is not so great, and has taken some major hits since Adam’s last rosy assessment. Who should we blame for that Congressman Putnam? Bill Clinton? Nancy Pelosi? Iran?
The truth is, Adam Putnam’s current job is to spin the truth until it looks completely different. When it comes to the economy, Iraq, S-CHIP, or corruption in Washington… up is down, down is up, the GOP can do no wrong, and the Democrats are the Devil. It doesn’t matter what the facts are, because in Putnam’s world Partisanship trumps Reality.