Rational Thought Alert!

August 12th, 2011 at 10:27 pm

Now here’s a pretty refreshing read, FWIW.

It’s an article featuring mostly conservative economists and policy makers associated with Republicans arguing for a) more stimulus in the short run to boost growth and jobs, and b) the addition of new revenues in the budget deal the super-committee is about to get to work on.

True to form, Rep Cantor’s in there saying that he doesn’t care what R’s, D’s, or XYZ’s say—he’s will not countenance new revenues, and the 6 R’s on the committee all pinky shaked with Norquist on his no-tax pledge.

So not sure what this amounts to, but it’s good to know that slightly fewer people than I thought have lost their minds.

 

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4 comments in reply to "Rational Thought Alert!"

  1. Michael says:

    So now that Obama can credibly be blamed, the R’s are talking stimulus.

    Keep going after that football, Mr. President. Why do the guys on my side all bring limp sticks of butter to gunfights?


  2. Russ Abbott says:

    The Republicans have not lost their minds. It may appear that way because they aren’t willing to do what any rational person who wanted to help the economy would do. But the Republicans don’t want to help the economy. Nor do they want to reduce the deficit. All they want to do is grab as much political power as possible–no matter what the cost to the country or the economy. Once that’s understood it’s quite clear why they are doing what they are doing. It’s not at all irrational. I wish you would make that clear rather than continually presuming that they actually care about either the economy or the deficit.


  3. Geoff Freedman says:

    The Republican attack on Government institutions has been going on for quite some time. Whether right wing economists choose to believe some stimulus was necessary, is immaterial to what is happening on the political front right now.

    Their intention is to dismantel the New Deal programs and all the institutions that have grown up surrounding that philosophy of government.

    The belief is that government is corrupt, incompetent and inefficient, that all labor unions are all corrupt and need to be dimantled.

    Free market ideology is the answer to everything for them, even though banking and financial sector practices led to the sorry mess we are in after de-regulation.

    The initial stimulus although helpful, was not enough and was not as welldesigned as it could have been. It helped, but too much of it went into tax cuts, too little went to help states and municiplaities and those who fell through holes in the safety net, and investment programs could have been more effective. Too much of the design of the program was left to congress, and it seems that Obamas style is not to put forth initiatives and then vigourously fight for them to be implimented. I suspect there will be no second chance.

    With household balance sheets still well underwater, so much bad debt on the books of banks, and other financial institutions, at the same time there is an extensive and determined effort to shrink goverment and services, we are most likely stuck in this economic malaise for years to come.


  4. Dr. Sanford Aranoff says:

    See the new book Rational Thinking, Government Policies, Science, and Living. Rational thinking starts with clearly stated principles, continues with logical deductions, and then examines empirical evidence to possibly modify the principles.


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