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February 23, 2009


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Yeah - I spotted that too. Mark Penn's got a comment piece in Politico at the moment making a similiar point. Always nice to have friends...


Tom Grey

Of course, if the purpose is to prolong the depression, so as to increase the power, scope, size, and overbearing reach of government, it also behooves Pres. Obama to keep fear-mongering. And if his pork-u, er, stimulus program will do little in the short term, but guarantees big boondogles in the future, again pessimism seems truthful.

Soon the (ex-Big gov't?) Republicans will be pointing out how Bush's tax cuts, so hated by the power-greedy elites, actually DID lead to a rapid end of the dot.com bubble pop.

Big tax cuts will, eventually, be tried -- and when they do, they will work. How much damage, er, wasteful Dem requested gov't pork packages will be signed up for before that happens?

I actually do believe Obama is confident that gov't can solve the problem, eventually -- but I believe, like Reagan said, that gov't IS the problem. I suspect Obama has doubts about his own belief in gov't, but is certain that the free market won't work as well as he likes...

Kyle G

@Tom Grey

The thing about the bubble pop of the early 00s is that it was basically limited to the tech industry. You didn't have the capital centers of the world cratering like you do now. To suggest that tax cuts had anything to do with the "saving" of the alleged near-miss with the tech collapse is to display a fundamental misunderstanding about what the problems with the tech industry financials at the turn of the millennium were.

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