A bit later than promised, here's the clip from last night's Rachel Maddow show where she so accurately described the current Republican strategy when it comes to the stimulus bill.
Here's the high point:
Republicans may not like it but the way to create jobs fast is through spending. It matters when you're wrong. A whopping proportion of the Republican rhetoric about stimulus is wrong - total economic bull puckey. It's time to take the radical step of privileging correct information over incorrect information.
The video's below the fold. You really should watch it.
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Here's what I said on Paul Krugman's blog on the same topic (sort of):
What drives me nuts is the way the conservatives say âThis is not a stimulus bill, itâs a spending billâ out of one side of their mouth, and out of the other say âFDR didnât end the depression, WW II ended the depression.â
Uh huh, and it was the SPENDING on WW II that did it. FDR wasnât allowed to spend enough to end the depression.
Do you suppose we could spend enough to avert another Great Depression without plunging the planet into war?
But conservatives never learn from history, they just insist on living in the past.
Of course, the conservatives did try having a war....but it didn't work out. Lots of spending though.
Taxes are too high, interest rates on credit card debt are too high, Homeowner equity has plunged, thereby making the credit card debt to homeowner equity ratio the worst it's ever been.
War's are a waste of money, especially when the drive to develop alternative energy sources are moving at a snails pace.
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A Maddow note, Here take on the California budget impasse was flimsy. Claims were made with no mention of what roadways were being "held up" from completion.
Taxes in California are insane and they want to raise them 70 billion dollars. Meanwhile, the state of California has been hiring 48 people A DAY over the last decade, including weekends.
Factor in the pension programs and no wonder the state cannot balance its budget.