Stumbling and Mumbling: Newt troubles:
..For the last 30 years, the right has gotten most of what it wanted – lower taxes, weaker unions and less regulation. And yet macroeconomic performance – as measured by GDP growth per head – hasn’t improved. Their response to this has been a classic example of the backfire effect. As David McRaney says: “When your deepest convictions are challenged by contradictory evidence, your beliefs get stronger.”
Rather than question their support for “neoliberalism” or – God forbid – doubt the underlying health of capitalism, Tories exaggerate the harm done by remaining regulations. They learn nothing, and they forget nothing.'via Blog this'