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Grover and the Bears

Grover Norquist’s testimony before the Republican Working Committee on Economic Recovery doesn’t travel far from the documents he passed out or his long record

Jul 31, 2020
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Grover Norquist’s testimony before the Republican Working Committee on Economic Recovery doesn’t travel far from the documents he passed out or his long record of supply-side policies. “We have a history of what works,” says Norquist. “We lowered marginal tax rates in the 1920s.” Also: “FDR didn’t do anything that Hoover didn’t do first.”
Norquist then tells a fable about Senate Majority Leader Harry Reid (D-Nev.), House Speaker Nancy Pelosi (D-Calif.), and President-elect Barack Obama holding buckets and walking around a lake, occasionally filling the bucket, passing it on, then pouring the water back in. “That’s the theory of the economic stimulus,” says Norquist.
Conservative activist Eric Odom gets the third citizen YouTube. “First of all,” he says, “congratulations to Eric Cantor on his Twitter feed.” Cantor smiles, but criticizes Odom for wearing a Chicago Bears hat.
“I would add to that, that there’s a hole in the bucket. And as he walks around the lake he’s taking water out of it.”
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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