Fiscal Policy: Should McCain Advisor Even Get a C in Economics?

I just learned about a blog called EconomistMom:

I am reminded about the President’s own take on this; he once quipped at a press conference that he got a B in Econ 101 but “an A in cutting taxes” (or something like that). I’ve never looked into whether it’s true that he even got a B. Anyone know? UPDATE: The Huffington Post had answered this question last September. The President actually got a C in economics, not a B. Also, the quote from the President was actually: “I think I got a B in Econ 101. I got an A however in keeping taxes low, and being fiscally responsible with the people’s money.”

She was relating a story as to how Douglas Holtz-Eakin – economic advisor to John McCain – was critical of George W. Bush’s understanding of economics. Good for Douglas! But then she related another story as to how Douglas was arguing in favor of McCain’s own spend-and-borrow-but-never-tax nonsense and how the Concord Coalition is calling him on this BS.

The premier post of Diane Lim Rogers – Economistmom and the first chief economist of The Concord Coalition – was about fiscal responsibility. This may sound corny – but we should all listen to mom!