From the Cato Liveblog: “The assertions about the Depression we would have had are outrageous. Their forecasts of the stimulus’s impact have been horrible, so how can they have any credibility on this kind of issue? ” I think it’s full speed ahead, here, credibility be damned. Plus this: “Bastiat is spinning in his grave.”
The “stimulus” didn’t produce any jobs, but if we pass a new stimulus and call it a “jobs bill,” it will!
More from Cato: “Wonderful, more government-directed investment. That worked really well with Fannie and Freddie.” Plus this prediction: “He’ll pivot from a new $100 billion jobs bill to cutting the deficit.”
Ann Althouse: “Small businesses are good. (Come on, talk to them.) Big business sucks though. We want to help small business grow… so it can become big business and then we can hate it.”
Seems pretty much like a recycled campaign speech to me.
From Dan Mitchell at Cato: “We’ve all done something very naughty if this is the government we deserve.”