The History of Selling Snake Oil – Chuck Asay

Chuck Asay

1935 – FDR’s Social Security Cure-All
FDR: “My friends, this will also protect future generations from going deeper in debt!”
Moron: “Oooo!”
Now It’s… “How much debt?” “$400,000 per household!”

1965 – LBJ’s Medicare Express
LBJ: “…and all this, fellow Americans, will only cost $150 a month!”
Moron: “Oooo!”
Now It’s… “How much debt?” “$500,000 per household!”

Now It’s…
Pelosi: “Folks, this new entitlement will actually reduce the deficit!”
Moron: “Oooo!”
“They think we’re idiots!”

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