Wednesday, February 4, 2009

Message To Obama: GOP Economics Failed; Do It Your Way!

Noble-prize winning economist Paul Krugman has it right. Barack should take off his rose-colored glasses and realize that achieving bi-partisanship on the stimulus package is hopeless:
You see, this isn’t a brainstorming session — it’s a collision of fundamentally incompatible world views. If one thing is clear from the stimulus debate, it’s that the two parties have utterly different economic doctrines. Democrats believe in something more or less like standard textbook macroeconomics; Republicans believe in a doctrine under which tax cuts are the universal elixir, and government spending is almost always bad.

Obama may be able to get a few Republican Senators to go along with his plan; or he can get a lot of Republican votes by, in effect, becoming a Republican. There is no middle ground.

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