Feb 10th, 2012
It has been a remarkable experience over the last year or so watching the economic team Ronald Reagan assembled three decades ago mount increasingly passionate attacks against contemporary GOP orthodoxy (examples HERE, HERE, HERE, HERE and HERE).
The two most prominent figures waging this battle are David Stockman and Bruce Bartlett. Both men recently sat down with Bill Moyers to continue their push for a return to reason.
David Stockman on Taxes from BillMoyers.com on Vimeo.
Bruce Bartlett on Where the Right Went Wrong from BillMoyers.com on Vimeo.
Showing posts with label fiscal policy. Show all posts
Showing posts with label fiscal policy. Show all posts
Friday, February 10, 2012
Saturday, October 1, 2011
Fighting FOR The Double Dip
Oct 1st, 2011
Kevin Drum argues that the coming double dip will be wholly owned by the Tea Party and their sympathetic (or fearful) agents in the 112th Congress. The kicker:
"If we want them to, both monetary and fiscal policy can have plenty of bite left. Bottom line: If we plummet into a second recession, it will be solely the fault of fanatical conservatives in Congress who refuse for reasons both partisan and ideological to acknowledge that we can do something about this. It'll be the Tea Party Recession of 2011."
I think it's worse than Drum realizes. We're not dealing with a group that's simply opposed to changes in "fiscal and monetary policy" now. We're dealing with a collectively delusional cabal that is opposed to centralized intervention ever. Their meme of "not picking winners" has devolved into an unthinking scheme that ensures greater hardship for most Americans.
So, yeah. They own it.
Kevin Drum argues that the coming double dip will be wholly owned by the Tea Party and their sympathetic (or fearful) agents in the 112th Congress. The kicker:
"If we want them to, both monetary and fiscal policy can have plenty of bite left. Bottom line: If we plummet into a second recession, it will be solely the fault of fanatical conservatives in Congress who refuse for reasons both partisan and ideological to acknowledge that we can do something about this. It'll be the Tea Party Recession of 2011."
I think it's worse than Drum realizes. We're not dealing with a group that's simply opposed to changes in "fiscal and monetary policy" now. We're dealing with a collectively delusional cabal that is opposed to centralized intervention ever. Their meme of "not picking winners" has devolved into an unthinking scheme that ensures greater hardship for most Americans.
So, yeah. They own it.
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