14 February 2011

Jeff Sachs of Columbia University Just Made My Day

And here is the video clip:

Jeff Sachs Comments on the Obama Budget

Bloomberg Television has been airing corporate talking points (euphemism for propaganda) on the proposed US Federal budget all day.

Around 3 PM New York time today Professor Jeffrey Sachs of the Earth Institute at Columbia University came on Bloomberg live to purportedly talk about food costs.

He just left the anchorman Matt Miller yammering and speechless when he was asked about the budgeting process. He did not reach Jon Stewart stature, but as academics go he was quietly and remarkably blunt.

"Laffer Curve is nonsense."

I am looking for a transcript or a video clip of this. It was classic. I doubt he will be invited back. Ever.

OMG I am still laughing at the look on the anchors' faces. Carol Massar was stammering but pink shirted Matt Miller, spokesmodel for the pampered princes of Manhattan, looked like some Bowery bum had just urinated on his motorscooter.