stimulus redux
so anyway, as Paul Krugman shows, the stimulus will not stimulate much. surprise surprise, the money mostly goes to people who don't need it, won't spend it.again, the Democrat centre showed its true colours. instead of passing a package that did what it says on the tin and provides stimulus, by giving money to the poorest, who will spend it, they passed something Bush would sign. some commentators think the Dems never learn: that they should pass bills Bush will have to veto, and then frame hard so that he can't spin it as their fault. but they aren't actually at war with Bush. they are enabling the same agenda.
this matters to the rest of us, because we suffer the fallout of an ailing American economy. although it is well-deserved rough justice that Americans should suffer the outcome of their heedless greed, unfortunately we get it in the neck too.
posted by Dr Zen @ 9:59 am
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