Jonathan Chait
has been a guest of The Colbert Report
and got nailed in the process

March 16, 2009 NailingEdit

• book: "Big Con: Crackpot Economics and the Fleecing of America"

• wrote an article entitled "Wasting Away in Hooverville" (in the new issue of The New Republic)

• New Deal prolonged the depression

• Chait is implying conservatives are rewriting history
  • which is a good idea because we should rewrite the history of slavery

• during the Great Depression, New Deal ameliorated people's misery
  • everyone's except the rich

• Keynesian Economics

• he was unable to name one thing the New Deal did

• none of the jobs FDR created were permanent
  • no one is still working them

• he suggested that America build ships and throw them into the ocean
  • Stephen believes this is a bad idea