I can’t help thinking Jon Taplin, whose economics credentials are far better than my own, would be saying something very pertinent to Turnbull, Bishop and company. Take his latest post, Good News and Bad News. Jon is of course speaking of the USA.
What the Republicans who keep pressing for more tax cuts in the stimulus bill can’t wrap their heads around is that any savings in paychecks are going to be used to pay down debt and not create economic activity. About a year ago, when the Bush Administration proposed this same sort of tax rebate stimulus plan, I wrote that it wouldn’t work. It didn’t. And now they trot out the same bullshit?
The RNC’s new Chairman Michael Steele said yesterday,”Not in the history of mankind has the government ever created a job.” Maybe a little trip to Hoover Dam for Mr. Steele, Jim DeMint, Wolf Blitzer and the entire staff of Fox News might be instructive.
Why do the news media continue to even listen to the brain dead economics of these morons?
Isn’t Turnbull pretty much “trotting out the same bullshit” too?
I’ll be reading Jim Belshaw’s further thoughts carefully, mind, as he does have the virtue of not being especially partisan, even if he does have his own perspective and interests.
I really do wish they could all set aside the powerplays and politics on this one. I think we are owed that respect, don’t you, and doesn’t the situation warrant something better than what we are being given?