Thursday, January 15, 2009
Here you have two ordinary guys who say they are going to save the world from climate destruction (Waxman) and save the U.S. economy from falling into the abyss (Obey). How do you feel about entrusting them to restructure the entire U.S. economy and spend a trillion dollars or so of your money? You really should read Obey's blueprint for American Recovery and Reinvestment, just released today. It was written by politicians who think that throwing money at ideas, problems, and people will make the world a better place. It tries to justify everything by quoting the alleged conservative economist Mark Zandi, to the effect that "the economy is shutting down." It's all preposterous, and it's time to fight back. We don't need a massive Congressional spending boondoggle to save the economy. Just give it some time and stop trying to fix it, and the economy will solve its own problems in due course.
Posted by Scott Grannis at 10:03 AM