The McLaughlin Group: The Economy Tanking

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The panel of Mort Zuckerman, Eleanor Clift, Monica Crowley and Pat Buchanan on this Fridays The McLaughlin Group sat down for a discussion on whether our economy is tanking and whether or not its in part due to Iraq. Mort Zuckerman paints as gloomy a picture of the economy as we heard the other day from Jim Cramer but he refuses to admit that the occupation in Iraq might have anything to do with the economy tanking now. Zuckerman is also completely dismissive of Ron Pauls arguments about the economy during the ABC GOP debate. Of course Buchanan and Crowley think its only a minor drag on the economy and Crowley goes so far as to start spouting off about how great the economic growth is there. Hows that occupation and genocide going for you Monica? Oh the economy is booming....its wonderful. Clift and McLaughlin disagree. We do have a real mess on our hands as Zuckerman describes with the sub prime lending industry and the economic forecast is looking very dreary to put it mildly for the reasons he describes, but I dont understand how anyone can completely separate our irresponsible borrowing and spending on the bottomless pit called Iraq from the state of the economy in general were facing now. The conservatives answer to our problems of course, lower taxes and cut government spending, code for gut Medicaid and Social Security, but that war spending, no problem. Cross posted at Daily KOS: http://www.dailykos.com/story/2008/1/20/1810/78057/190/440189 and Crooks & Liars: http://www.crooksandliars.com/2008/01/20/the mclaughlin group the economy tanking/

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