It's A Mad, Mad, Mad, Mad Left What the press missed in Hillary Clinton's Aspen speech.

The Weekly Standard ^ | July 13, 2005 | Edward Morrissey

[HawaiianGecko]

 

 

	Hillary wasn't done giving us her mad moments in her Aspen Ideas Festival speech (and don't think Mad wouldn't have a field day with the concept of an Ideas Festival, either). Later in her remarks, she delivered this eye-popping economic analysis for the Colorado audience: "Ours will be the last generation to rely so exclusively on fossil fuels." She added that 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." Seven trillion dollars? That would surprise most economists, as well as Mad magazine readers who learned both to question authority and check sources, since the entire American GDP for 2004 amounted to $11.735 trillion according to the BEA; $1.5 trillion came from imports of goods. Energy goods (both domestic and imported) only accounted for $250 billion, making it extremely unlikely that price fluctuations in a single import commodity market could have generated anywhere near the kind of economic damage Senator Clinton cited. And yet a sitting senator and presumptive candidate for the presidency makes these strange assertions without criticism from the establishment press. The only coverage her speech received resulted from her coarse and personal attack on President Bush, which the media seemed eager to pass to its readers. Obviously, our national media's editors did not read Mad magazine well enough during their formative years to recognize patent demagoguery when they report it.

 

[EagleUSA]

The poster child of our leftist MSM. It is most likely going to get alot more stupid, ridiculous, insane, wild, corrupt and ugly -- thanks to these power-centric socialist maggots, who will stop at nothing to regain power in this country.

[Echo Talon]

She added that 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."

Sheesh... Wonder if shes a regular poster at DU?

[Chewbacca]

The entire national debt is somewhere around $50 TRILLION.

[bray]

Stop worrying about the details, she's the Stoned Age Press' candidate! If Harpy didn't marry bill, she would be some Community College professor.

Pray for W and Our Troops

[TexasGreg]

$50 Trillion?
What are you smoking?

Last figure I saw was $7.8 Trillion.
Check here: http://www.brillig.com/debt_clock/

[TexasGreg]

Here's the US Treasury's break down:

Debt held by the public: $4,541,203,271,682.54
Intragovernmental holdings: $3,298,411,631,054.76

[TexasGreg]

I AM concerned about Hillary ... she will give whoever the Republicans nominate a REAL run for his/her money, ESPECIALLY given that the Liberal-Media will be supporting her 100% with all sorts of free positive press, as well as hyper-negative reports about the Republican Candidate.

The election of 2008 will be VERY dirty.

[Max Flatow]

And to think, Hitlary got all this economic business knowledge by reading the WSJ.

[Echo Talon]

Real Time Debt Clock. Check it out not sure how accurate it is.

[Calpernia]

[the invisib1e hand]

Stop worrying about the details, she's the Stoned Age Press' candidate! If Harpy didn't marry bill, she would be some Community College professor. Too funny.

About the "global oil markets" that she demonizes (the focal point of which she strutted about, beaming and bestowing hillary-blessings just last summer), presumably the centerpiece of her prez campaign will be a source of free energy and new jobs for all the people that work in the petroleum industry. except, of course, for those evil traders.

She must really have a hardon for coffee, because when she visited that exchange, the traders chanted, "hillary sucks! hillary sucks!"

[ladyinred]

The MSM will do all they can to see to it that their dahling of the Marxist set will occupy the Oval Office (again) on her own this time. When Hillary speaks lie after lie after lie, the press never reports it, never calls her on it, and never will. If god forbid, she is elected in 08, we will see the most praised Presidency by the media in history.

[bray]

What red state is she going to take?? You give PravdABDNC far too much credit. She will be a worse candidate than Yaaawn!

Pray for W and Our Troops

[Calpernia]

ping and Aspen note.

[Calpernia]

ping and start noting the Aspen reference.

[Calpernia]

Can you repost your Aspen links? I didn't start making good notes of that yet.

[arasina]

LOL! You can really get the pulse of the FReople just by reading the keywords on this thread.

[Chewbacca]

"Last figure I saw was $7.8 Trillion."

That is the "official" debt.
That doesn't include the IOU's in the Social Security, Medicare, Medicaid...etc.

Remember Clinton always spouting off about how when he was President he had huge surpluses and the national debt was shrinking?
Lies. He was funding the system using IOU's and sucking the money from Social Security.

http://mwhodges.home.att.net/nat-debt/debt-nat.htm

[RippleFire]

bump