Friday, March 6, 2009

It Can't Be Said Better

I have to say that I never really got Republican policy and have never understood how anyone with a lick of sense and/or a college education could fall for it, but the Republican nightmare just keeps getting worse and worse:

Let's just stipulate DC Republicans are simply not part of the discussion when it comes to repairing the US economy or arresting our slide into deep economic misery. And any reporters who aren't clear about this are just lying to their readers or viewers. The latest Republican plan, in the face of today's new spike in unemployment, is a freeze on federal spending. I'm not even sure it's fair to say that this is a replay of the disastrous decisions that magnified the Great Depression between 1929 and 1933. It's more a parody of it. When the crisis is a rapid and catastrophic drop off in demand, you handcuff the one force that can create demand (i.e., the federal government) in the throes of the contraction. That's insane. Levels of stimulus are a decent question. Intensifying the contraction is just insane and frankly a joke. It's time to recognize that the only debate here is happening among Democrats and sundry non-affiliated sane people. The leaders of the GOP are simply not part of the conversation.

--Josh Marshall

1 comment:

gayle said...

The GOP, McCain included are howling about the deficit, but where were they when Bubba took a surplus and not only put us into debt but caused the re(de)pression we're in now. How can the conservatives stand behind the elephant?