Monday, February 09, 2009

Journey to the Center of the Earth!

With Paul Krugman!

FILE UNDER: Money Talks/POLITICS AND AMERICA: Now that we've found love, what are we gonna do with it?/A Moment of Clarity.

WORDS:

"What do you call someone who eliminates hundreds of thousands of American jobs, deprives millions of adequate health care and nutrition, undermines schools, but offers a $15,000 bonus to affluent people who flip their houses?

A proud centrist. For that is what the senators who ended up calling the tune on the stimulus bill just accomplished.

Even if the original Obama plan — around $800 billion in stimulus, with a substantial fraction of that total given over to ineffective tax cuts — had been enacted, it wouldn’t have been enough to fill the looming hole in the U.S. economy, which the Congressional Budget Office estimates will amount to $2.9 trillion over the next three years.

Yet the centrists did their best to make the plan weaker and worse..."

  • NEW YORK TIMES: The Destructive Center
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