Friday, 27 February 2009

Mitch McConnell makes this observation about Obama's budget proposal, "Unfortunately, at this juncture, while the American people are tightening their belts, Washington seems to be taking its belt off." Mitch, I know we're not all Keynesians, but, you know, this is actually precisely the point of this massive spending, i.e., because Americans are tightening their belts, and reasonably so, the government is trying to pick up the slack to prevent the economy from completely tanking. This seems a bit like someone watching a baseball game and saying, "unfortunately, just as the Orioles went up to hit the ball their opponents started doing their level best to prevent hits".

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