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Art Laffer Lies About Stimulus - And Cavuto Lets Him

Reported by Ellen - November 6, 2011 -

By Brian

On yesterday’s Cost of Freedom Special, guest Art Laffer falsely blamed the recession on the stimulus. Host Neil Cavuto failed to challenge him and remained approving of Laffer throughout.

Laffer said about President Obama, "He has to start recognizing what creates jobs. I mean, you don't create jobs by raising taxes, you don't create jobs by deficit spending… The reason we have the high unemployment rates, the reason we have the worst recovery since the Great Depression is because of the stimulus spending."

According to FactCheck.org, the stimulus lowered the jobless rate by 0.7-1.8%, and created 1.4-3.3 million jobs.

It was bad enough that Laffer lied but it was inexcusable for Cavuto not to challenge the assertion.



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