I just graduated with a degree in economics. You know what one of the MOST important things I've learned from that? Guys like this who talk about the economy, have either no knowledge of economics, read what they 'know' on a conservative blog from someone who also has no knowledge of economics, or read the first chapter of one book and now declare themselves the conservative answer to Ben Bernanke.
It'd be ridiculous to call myself an expert in economics, but I do read a lot from the experts so I defer to them. They'd say this guy is full of shyt and doesn't know what he's talking about, so I will too.