Harpies

clipped from hotair.com I keep repeating, “It Won’t Work,” and here’s why: The government can print money or borrow money or raise taxes to increase government spending in the name of pump-priming “stimulus” — that is to say, demand-side intervention intended to boost consumer spending. (Whether or not the $789 trillion “stimulus” bill passed in February effectively achieves this intent is another question.) However, any of these three methods of funding Keynesian intervention has negative economic consequences that hinder recovery. This third point — the negative economic consequences of deficit spending — is where the hypocrisy of Democrats is so apparent. All during the Bush years, Democrats harped about deficits, but now that they’re in charge, their pretenses to fiscal conservatism have evaporated. It’s sad, because the fiscal and monetary policies of the Bush years (especially the inflationary policies of the Fed) deserve serious criticism, not the kind of political opportunism that Democrats practice.