George Will on Obama's fear mongering of economic catastrophe and the historic fallibility of our economic "experts."
Money Q:
"The federal government, with its separation of powers and myriad blocking mechanisms, was not made for speed but for safety. This is particularly pertinent today because if $789 billion is spent ineffectively or destructively, government does not get to say "oops" and take a mulligan."
But, of course, it does. That is exactly what our government will do. In fact, it will claim it's first shot was a great success while tee-ing up another ball and whacking it God knows where.
Hold on there Spencerblog! Didn't our first shot take place in the final days of the Bush administration, in a hurried manner? I don't hear anyone saying it was a great success, do you? Or was that considered the second one? I remember getting $500 a few yrs. ago, compliments of the Bush administration.
ReplyDeleteWouldn't that have been considered stimulus #1?
Will says "John McCain probably was eager to return to the Senate as an avatar of bipartisanship, a role he has enjoyed. It is, therefore, a measure of the recklessness of House Democrats that they caused the stimulus debate to revolve around a bill that McCain dismisses as "generational theft"
ReplyDeleteParticulary since Will dismissed McCain as a know nothing when it came to the economy.