Wednesday, July 13, 2005

Clueless about Economics

More irony from Hillary Clinton. In the Aspen speech in which she accused Bush of being clueless, she demagogued, the 'ups and downs of the global oil market cost the U.S. economy $7 trillion last year . . . almost enough to pay off our entire national debt.' The problem with this is that our total GDP in 2004 was only $11.735 trillion. Energy goods accounted for $250 billion.

Her cluelessness about basic economics is scary! She must be working with Paul Krugman.

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