Mr. Obama’s aides said he did not intend to unveil a detailed formal proposal but rather to allow Congress to fill in the outline that he has proposed.Hub Blog's reaction: Oh my God. He's going to let Congress fill in the blanks? Oh my freakin' God. ... Then I read about how food stamps -- food stamps -- are being touted as great 'bang for the buck' economic stimulators. My question: Is that before or after Stop & Shop dollars are shipped to Royal Ahold in the Netherlands? ... I also was intitially encouraged by David Ignatius's 'Mr. Cool's Centrist Gamble' column, but became depressed by the end. Maybe it's time to reiterate Hub Blog's emerging, groundbreaking economic theory:
Supply-side tax cuts work somewhat well during mild to medium level recessions, while a dose of Keynesian spending works somewhat well during more severe times. The irony is that excesses by supply-siders sometimes create the conditions for Keynesianism, while the excesses of Keynesians create the conditions for supply-side.Are we already at the excesses-of-Keynesians stage so soon after the excesses-of-supply-siders stage? ... Reader BK writes in to remind me I voted for Obama:
O-W-N I-T, baby. In fact, start swallowing it as if you were drinking water through a fire hose. I'd say this appointment, and that of Anne-Marie Slaughter to Dep. Sec. State for Policy & Planning are the worst yet. With more heartburn and indigestion to come . . .
Still B-b-b-big on Hub Blog -- especially this insightful door-opening -- but these two appointments will be net negatives for American Liberty, American Security, and American Exceptionalism.