Nobel Prize for Economics?

I saw that Nobel prizes were awarded for economics. Why? Does anybody really think these guys are doing science — particularly after the last number of years? As any student who has taken a statistics course should be able to tell you, just because you can draw a graph relating two or more things, it does not mean that they are related, let alone a theory. Economists are all over the place on what caused the problems and how to solve them. If you are a conservative politician, there is an economist for you. If you are a liberal economist, there is an economist for you. We are spending much. We are not spending enough. There is too much regulation. There is not enough regulation. This is science? Please, this is politics.

There are many demonstrations around the nation, Occupy your favorite city. They chant about the 1% who control the vast majority of the nation’s wealth and the rest of us 99% - ers. The newscasts keep asking about what they are demonstrating about? Apparently they are not listening. I guess reading news that someone else wrote puts you in the 1%.