Wednesday, March 11, 2009

Are the Republicans completely clueless about the economy?

If the Obama administration is being too timid, are the Republicans in Congress completely clueless? Paul Krugman:

So I read this:
Boehner said Americans want government to practice the same financial restraint they have been forced to exercise: “It’s time for government to tighten their belts and show the American people that we ‘get’ it.”
and I wonder if this country can handle the crisis we’re in. Remember, John Boehner is, in effect, the second-most influential member of the GOP (after Rush Limbaugh). And while Democrats hold a majority, it’s not enough of a majority to make the minority party irrelevant.

So the fact that Boehner’s idea of economics is completely insane matters.

What’s insane about Boehner’s remark? He’s talking about the current economic crisis as if it were a harvest failure — as if we faced a shortage of goods, so that the more you consume the less is left for me. In reality — even most conservatives understand this, when they think about it — we’re in a world desperately short of demand. If you consume more, that’s GOOD for me, because it helps create jobs and raise incomes. It’s in my personal disinterest to have you tighten your belt — and that’s just as true if you’re “the government” as if you’re my neighbor.

Plus, who is “the government”? It’s basically us, you know — the government spends money providing services to the public. Demanding that the government tighten its belt means demanding that we, the taxpayers, get less of those services. Why is this a good thing, even aside from the state of the economy?

Again, this is what the leaders of a powerful, if minority, party think. Can this country be saved?

1 comment:

John Doe said...

Here, let me put your infantile post into English: Paul Krugman, a known communist thug, says the Government "stimulus package" isn't big enough, and I believe it. So when a Republican says we should spend less, and cut taxes, he must be 100% wrong. Remember, Paul Krugman said so!

You want "stimulus"? Just give the $25,000 or so that it will cost taxpaying families DIRECTLY TO THE TAXPAYERS. Here, you take it, YOU spend it! You don't think that would stimulate the economy? I know I damn sure would pay off a lot of debt and buy a lot of junk with mine. And I would be much happier than having the Government decide for me how it will be spent. Here endeth the lesson.