In yet another debate with progressives they gave almost no evidence to back up their assertions. In today’s post, we’ll go over some propaganda concerning Iceland. According to The Other 98%:
Here’s my conversation with Michael Campos and some fellow Sandroids:
The Reuters story Michael linked me to was the only source of information that he gave me. In it the article states that a whole four people went to prison. The statement concerning “bailed out its citizens” is not explained. Perhaps that’s what progressives call nationalizing industries? Concerning Iceland’s recovery, “strongest” isn’t actually compared to anything nor is any citation or data provided. Using data from the U.S. Bureau of Economic Analysis and World Bank we can compare recoveries between the U.S. and Iceland. I bet if I watch the movie that Erik Vinge told me to I’ll be properly re-educated right?
If you look at just GDP, there seems to be little difference. I suppose that Iceland did better than Greece.
U.S. BEA data (Excel)
World Bank GDP data (Excel)
I suppose that I should look at more than just one economic indicator though. How about inflation?
World Bank inflation data (Excel)
At least inflation in Iceland dropped from what it was in the Carter years for the U.S. How about Industry, value added?
Industry, value added data (Excel)
I could keep going, but the idea that Iceland is a utopia or is experiencing amazing performance is simply unfounded. Was a country that just experienced a depression supposed to keep contracting forever? Have progressives never heard of the business cycle? Do progressives really think that all bad investments can be avoided?
Some comments The Other 98% received on their inane photo:
This may have been pointless, futile, and a waste of time, but I tried discussing economics with progressives. Also, on Facebook of all places. Obviously, nothing worthwhile came out of the discussions and I simply got called things like “STUPID TROLL” “ALEC dumbass”, RepubliKKKan, and the didn’t offer any real retort to my arguments. Remember, liberals care about anti-bullying campaigns, unless you disagree with them politically. If you’re a RepubliKKKan, KKKonservative, Losertarian, or other non-leftist your opinion doesn’t count. Just ignore the failure of: the former Soviet Union, nations of the former Warsaw Pact, Venezuela, Cuba (but just look at those high literacy rates), Zimbabwe, North Korea, Detroit, the National Socialist Workers’ Party of Germany, Greece, and Spain.
If you’re a socialist like the people over at the Mother Jones magazine you’ll say things like “Kochtopia” and that “Kansas is screwed”. Don’t actually look at any economic performance data or the low unemployment rates. Don’t you dare actually read into how different states are doing. If you’re a liberal, you’ll ignore the economic performance of a state like Texas. You’ll also point out how Kansas had its credit rating downgraded while Illinois has had the same thing happen to it nine times. I didn’t realize that progressives cared about budget deficits or debt? Funny thing is, I thought that a city such as Detroit would fit that description better, but that must be the fault of capitalism right? Liberals had nothing to do with it at all.
For anyone who’s interested in getting a good laugh out of my economic discussions with progressives, here you go. Always remember, just turn your brain off when you debate economics with leftists. You’ll lose too many brain cells otherwise.
A Cisco router or switch is a job now. Also, labor costs nothing.
Don’t actually look at the cost of living in a country, just isolate one single statistic to make your point. Don’t look at any economic performance data either.
Detroit wasn’t run by liberals for the last fifty years apparently…
If you’re real lucky and doing very well, the leftist will wish for your imminent death. It’s also hilarious when they state that you hate people of a lower class and/or color even if you’ve mentioned nothing about race.
This exchange goes on even longer than I’ve posted up, but I think that you get the point.