To those in the distant future: at the time I’m writing this the present Leftist rhetoric regarding the State of Kansas is composed of crap like this:
“The governor promised his “pro-growth tax policy” would act “like a shot of adrenaline in the heart of the Kansas economy,” but, instead, state revenues plummeted by nearly $700 million in a single fiscal year, both Moody’s and Standard & Poor’s downgraded the state’s credit rating, and job growth sagged behind all four of Kansas’ neighbors.”
Of course, as the good Scott Sumner pointed out, if all this was true, the great mystery was why Sam Brownback was re-elected in 2014.
Needless to say, the above are, to a great extent, leftist lies:
I notice nothing important happening since Brownback’s election. Nothing at all. And this graph by Kevin Drum should be a textbook example of how to nakedly lie with statistics. Of course, don’t expect Krugman not to have joined in on the fun.
Also, as the good Scott Sumner says, this shows that, for leftists, the effectiveness of fiscal stimulus depends >100% on how it is named.