John McCain just keeps getting scarier. From Think Progress:While it was certainly a mistake for the Bush administration to amass such huge deficits, the severity of the current economic crisis calls for loosening of fiscal restraint. Nobel Prize-winning economist Paul Krugman explained, "[R]ight now, increased government spending is just what the doctor ordered, and concerns about the budget deficit should be put on hold." "[I]t is clear that additional federal supports are required to help jump start our economic recovery and lay the foundation for long-term growth," said Gov. Arnold Schwarzenegger (R-CA) yesterday. Sen. John McCain (R-AZ), however, is defying the advice of the economists, proposing a drastic reduction in government spending. "And I'll cut spending. ... I will keep [Americans] taxes low," he trumpeted yesterday.
They call this, rightly, neo-Hooverism.
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Everybody always bashes poor old Herbert Hoover...as if he's involved in the mess we have today. The mess we have today is larger, worse and potentially more destructive than anything Hoover was involved with...and with one-crop in the midwest(corn out the ying-yang)we're likely to have problems beyond problems...and the stalks are better for ethanol production than the ears...and it still wouldn't be energy efficient.
ReplyDeleteSomeday they'll point to Bush rather than Hoover...provided we survive long enough to have someone that bad to reference him.
Damn that Kyoto, full carbon ahead!
(with apologies to Admiral Faragut)