Clowns in the Press Embrace Truthiness Over Truth Because They Can –

If your friends are telling you he is an idiot, why is he performing well, where it counts? I think there are too many who rush to judge the President on style, or personality, when they should be judging him on performance. Is it just that many are too caught up in playing like the media and everyone is now their own pundit of personality? I guess many live in the tweet domain of life and choose not to live their own lives. I think most Americans still just want to go and do their jobs, entertain themselves and their family, play with the dog, go out to eat, exercise and go to sleep at night, rather than worry over what the President says on Twitter. I doubt I’ll be buying that book about how crazy he is, or let it bother me. There is just too much else to do. Me? I’m re-grouting the floor in one of the bathrooms, this morning. I’d rather be talking about what the government shouldn’t be doing, than to concern myself, further, with what some gossip novelist says, who can’t be trusted to write or bother with anything, more than gossip.

Source: Clowns in the Press Embrace Truthiness Over Truth Because They Can –

New Study: 58% of Republicans say Colleges and Universities are Bad for Our Nation

The facts reported in this new study are absolutely the most important facts that have come across my desk in awhile.  The facts I’m talking about come from a new study by the Pew Research: Sharp Partisan Divisions in Views of National Institutions.  Republicans increasingly say colleges have negative impact on U.S.

The study reported that 58% of Republicans, and 65% of Conservatives, believe colleges and universities have a negative effect on the country.  This is very important to understand.

Why do they believe that colleges and universities are bad?  Easy, Colleges and Universities produce new learning, and for this 58% that is negative, because they believe the Bible is the last word and no new learning is necessary.  And, in fact, any new learning that counters the Bible is negative.

A majority of Republicans and Republican-leaning independents (58%) now say that colleges and universities have a negative effect on the country, up from 45% last year. By contrast, most Democrats and Democratic leaners (72%) say colleges and universities have a positive effect, which is little changed from recent years.

Wide partisan differences over the impact of major institutions on the country

Across educational groups, Republicans give colleges & universities low ratings





Another Example Of Media Literacy using a Fox News Story about Obama

This goes into the Media Literacy Learning Track.

Notice the Headline of the original story that got Fox News talking was, “Obamas under fire from the left for never ending, sizzling ultra-luxury vacations.”

Well this is news to me.  I stay pretty up-to-date with “liberal” media.  I’ve not head any of my Liberal friends “fire” on the Obama’s over their ultra-luxury vacations.  Nor, am I, a huge Liberal offering any criticism of the Obama’s over their ultra-luxury vacations.

So, I wondered, what were the facts here.  Just who on the left is throwing fire at the Obama’s.

Here is what Fox News said,

“These trips are like the lifestyles of the rich and famous,” said Democratic strategist Pat Caddell. The former adviser to ex-President Jimmy Carter believes that President Obama’s vacations are unprecedented, and a far cry from how Carter spent his first few months out of office.

Calling Caddell a “Democratic strategist” is probably even even more disingenuous than labeling Republican Dick Morris a “former Clinton advisor.” It’s possible Caddell has done some strategizing on behalf of Democrats in the 40 years since Carter left office but in the present, Caddell is a long-time confidant of Donald Trump adviser and former Breitbart chief Stephen Bannon. In other words, Caddell has shown himself to be a Trumper through-and-through. Wallace is either shockingly ill-informed or deliberately trying to pull the wool over Fox readers’ eyes.

If you thought that becoming a private citizen meant that former President Barack Obama could take a vacation without being scolded by Fox News , think again. Fox’s excuse this time is that it’s “just reporting” on left-wing criticism. Recently, on, reporter Christopher Wallace (who does not appear […]

So, Fox News, picks a guy, Pat Caddell, calls him a “left wing” and then extrapolates this to mean that all of us on the left are criticizing Obama big time about this.

Clearly you see the problem right?  This is also a great example of a “Strawman Argument.”

Libertarian Bias in Describing Economic Myths – Or How to Spot an Economic Strawman

I happened across Cato Institute’s 20 Economic Myths.

So, let me start with # 4 – It demonstrates both a Myth and -Straw-man at the same time.

The Cato says the following sentence is a Myth.

“Markets Depend on Perfect Information, Requiring Government Regulation to Make Information Available.”

I agree that is a myth. So, great we can start off agreeing.

Now, let’s look at his next sentence.

“For markets to be efficient, all market participants have to be fully informed of the costs of their actions. If some have more information than others, such asymmetries will lead to inefficient and unjust outcomes.”

I also agree with this sentence. Do agree with this sentence also?

Is Cato saying the sentence #2 is a Myth?

What I learned from reading the second sentence is that – Markets determine value based on information. The more the buyer and seller have “symmetrical” information (as opposed to “asymmetrical” information) the more optimum the market works. If a goat seller knows the goat is sick but does not tell the buyer then the seller is a ‘bad actor.” (obviously if the seller dosen’t know the goat is sick, that is different. A economic bad actor is when the seller intentially hides the fact the goat is sick. And the how far the seller goes to hide it determines how much of a bad actor the seller is.)

Let’s take two examples, con men selling Seniors stuff they don’t need and Internet Spam.

The first example is that the con man is a bad actor. In the second example those that abuse email are bad actors. In both cases they do not help commerce. In fact, in both cases they impede optimum commerce.

The point is that in a free market: individual actors may sometimes be bad actors. How we stop bad actors from skewing the market depends on the context.  But, we first have to acknowledge that bad actors exist.