I know that there are inevitably going to be a number of different positions taken in relation to the economic stimulus plan currently being debated in Washington, but it seems like some of the criticisms made against the package favored by President Obama are based more on adherence to ideology (or perhaps native contrariness) than a reasoned analysis of the situation. I find the mantra from some of "more tax cuts" to be particularly baffling, given that that was the governing policy as we fell into the current mess. I'm not suggesting a direct cause and effect-- I know things are more complicated than that-- but it seems to me that there needs to be flexibility in the tactics used to deal with the problem, and closing that door just hamstrings the process.
Evidently, Nobel Prize winning economist Paul Krugman also sees some problems with the voice of the opposition at this point, as you can see in his column in today's New York Times.
Monday, January 26, 2009
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