A Nobel laureate in economics believes that the stimulus package under consideration isn't enough, and that the Republican proposals for it would hurt the country rather than help. Big time.
Over the last two weeks, what should have been a deadly serious debate about how to save an economy in desperate straits turned, instead, into hackneyed political theater, with Republicans spouting all the old clichés about wasteful government spending and the wonders of tax cuts. It’s as if the dismal economic failure of the last eight years never happened — yet Democrats have, incredibly, been on the defensive. [...]
It’s hard to exaggerate how much economic trouble we’re in. [...]
It’s time for Mr. Obama to go on the offensive. Above all, he must not shy away from pointing out that those who stand in the way of his plan, in the name of a discredited economic philosophy, are putting the nation’s future at risk. The American economy is on the edge of catastrophe, and much of the Republican Party is trying to push it over that edge.
Somebody please tell me: why were there twice as many Republican politicians as Democratic ones talking about the bill on TV this week? Remember, when it comes to the future, Peter Drucker told us "what got us here won't get us there." Right-wing fixations like tax cuts and hacking government created this problem, and they won't solve it. They were proved wrong, we (rightly) booted them out of the majority for it; now, stop listening to them.