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“Oh, that’s different. Nevermind.”

October 31, 2011

So…anyone remember the character of Emily Litella on Saturday Night Live?  She’d go off on a tangent about some topic in the news.  Then when she was told that she had misinterpreted the topic completely, her response would be:  “Oh, that’s different.  Nevermind.”

The character of Emily Litella was the first thing that came to mind when I learned that our government has based 30 years of economic policy on a lie.

According to The Huffington Post, former President Ronald Reagan’s economic adviser, Bruce Bartlett, now admits that there’s no truth to the claim that reducing regulations helps economic growth.  Unfortunately, since the Reagan era, deregulation has grown into an unquestioned article of faith for some politicians.

In discussing the economic value of deregulation, Bartlett replied: “It’s just nonsense.  It’s just made up.”

Too bad we can’t just hit the rewind button on the last 30 years and, like Emily Litella, excuse away the economic damage caused by deregulation by saying: “Oh, I’m sorry. Nevermind.”

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2 comments

  1. Stories made up to further an agenda. It’s like dealing with children!


  2. The idea of “an unquestioned article of faith” is one I face often now. Over the past year, I’ve become a barefoot runner. Not to be different, or to make some sort of fashion statement, but because its healthier and more fun. It sure gets a lot of people worked up, though. As an example, see some of the responses about barefooting in general that Dr. Daniel Howell put together: http://barefootprof.blogspot.com/2011/09/mean-people-suck-right-back-at-cha.html



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