Laffer Curve

ALEC’s Fiscal Policies Get a Failing Grade in Major Analysis

Five years ago — at the height of the disastrous Bush-era fiscal policy of spend-and-spend on war-after-war, as our nation teetered on the event horizon of the housing bubble black hole, when the media was distracted with the business of scaring people shitless about dying a hideous lonely death from the bird flu — along came Arthur Laffer and ALEC with theirRich States, Poor States  index…

Step right up folks, get a load of fiscal bullshit that will destroy your state economies right here!

…Or as Good Jobs First and The Iowa Policy Project prefer to call it: Selling Snake Oil to the States: The American Legislative Exchange Council’s Flawed Prescriptions for Prosperity“. (Nov. 2012)

Bad Medicine, indeed.

Mr. Laffer and ALEC, the legislative tee-shirt cannon of MacGuffin bills for conservative lawmakers, apparently fared rather poorly under the microscope of honest scholarly research as to the fallout of their right-wing public policies wherever tragically put in practice. Not surprising, given the Tea Party tippage of so many state legislatures and their laissez faire attitude towards gaining any useful knowledge on the subject of public sector fiscal policy– of any kind. By way of example in Michigan, representatives are limited to three 2-year terms, and if re-elected, that means terming-out after a mere six years. So, even if they possessed the will, and at least a dolphin-brained capacity to learn, which they generally don’t either, none would even find the time between campaigns — being too busy frantically whoring -up to their corporate friends with benefits.

The Selling Snake Oil to the States Report simply eviscerates the magically-conjured ALEC index More →

HP, Deere, CVS, MillerCoors, BestBuy Exit Controversial ALEC

Five more companies, including Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, have left the controversial American Legislative Exchange Council (ALEC) since the Feb. 26 killing of Trayvon Martin, 17, in Sanford, Fla.

ALEC is a Washington, D.C.-based group that lobbies for laws in state legislatures, including the “stand your ground” law. George Zimmerman, 28, who’s been charged with second-degree murder in the case, has cited the law as part of his defense.

The others to resign are CVS Caremark (NYSE: CVS), Deere & Co. (NYSE: DE), private MillerCoors LLC and BestBuy (NYSE: BBY), respective giants in drugstores, tractors, beer and electronics retailing.

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