Op-Ed Columnist - The Stimulus Trap - NYTimes.com
Much like global warming being "settled science", the "fact" that all is required for jobs and economic growth is for the government to spend massive amounts of money is now "settled economics" on the left. I mean, they always thought it was good and now BO has done a bunch of it, so there is no way it won't work -- one just just needs more of it, or NOTHING would have worked.
It is like blood letting used to be. Patient shows up sick, take some blood, if he gets better, proof that bloodletting works. If he doesn't get better, take some more blood until he gets better -- if he dies, then clearly nothing would have worked. He was either just too sick, or the bloodletting was started too late or too conservatively. Exactly as "foolproof" a position as Krugman's.
See, look how far we have advanced since the evil Bush.
Paul is an "Economist" -- what he is doing is "science", so he himself has no issues with the "Bush infallibility complex" -- I mean it isn't as if he doesn't KNOW beyond a shadow of a doubt that massive government spending is all that it takes to have a growing economy. (remember the success of the USSR? "we have seen the future and it works"!! The lefties knew it was nirvana all along)
Thankfully, there is no way that Krugman (nor BO if he follows Paul's perfect wisdom) would EVER have to admit any mistakes if they keep spending, because they BY DEFINITION can't be wrong!! If Trillions more in spending just result in more debt, misallocation of economic resources and a sliding economy for a long time to come as they did in the 30's and 70's, then clearly "nothing would have worked". No matter how bad it gets, it "would have been worse" had we not spent the Trillions we have spent already ... and now the Trillions more that Paul would like.
How thankful we should all be to be free from that horrible "unscientific arrogance" of the evil Bush years!!
As soon as the Obama administration-in-waiting announced its stimulus
plan — this was before Inauguration Day — some of us worried that the
plan would prove inadequate. And we also worried that it might be hard,
as a political matter, to come back for another round.
Much like global warming being "settled science", the "fact" that all is required for jobs and economic growth is for the government to spend massive amounts of money is now "settled economics" on the left. I mean, they always thought it was good and now BO has done a bunch of it, so there is no way it won't work -- one just just needs more of it, or NOTHING would have worked.
It is like blood letting used to be. Patient shows up sick, take some blood, if he gets better, proof that bloodletting works. If he doesn't get better, take some more blood until he gets better -- if he dies, then clearly nothing would have worked. He was either just too sick, or the bloodletting was started too late or too conservatively. Exactly as "foolproof" a position as Krugman's.
But there’s a difference between defending what you’ve done so far and
being defensive. It was disturbing when President Obama walked back Mr.
Biden’s admission that the administration “misread” the economy,
declaring that “there’s nothing we would have done differently.” There
was a whiff of the Bush infallibility complex in that remark, a hint
that the current administration might share some of its predecessor’s
inability to admit mistakes. And that’s an attitude neither Mr. Obama
nor the country can afford.
See, look how far we have advanced since the evil Bush.
Paul is an "Economist" -- what he is doing is "science", so he himself has no issues with the "Bush infallibility complex" -- I mean it isn't as if he doesn't KNOW beyond a shadow of a doubt that massive government spending is all that it takes to have a growing economy. (remember the success of the USSR? "we have seen the future and it works"!! The lefties knew it was nirvana all along)
Thankfully, there is no way that Krugman (nor BO if he follows Paul's perfect wisdom) would EVER have to admit any mistakes if they keep spending, because they BY DEFINITION can't be wrong!! If Trillions more in spending just result in more debt, misallocation of economic resources and a sliding economy for a long time to come as they did in the 30's and 70's, then clearly "nothing would have worked". No matter how bad it gets, it "would have been worse" had we not spent the Trillions we have spent already ... and now the Trillions more that Paul would like.
How thankful we should all be to be free from that horrible "unscientific arrogance" of the evil Bush years!!
