But we are facing a huge recession...and private sector spending has plummeted...
We are in a liquidity trap. We are facing deflation and a dearth in spending. We are shedding jobs like nobody's business. And the job losses really aren't slowing down. Wasn't the economy supposed to be important to Republicans? I thought that they were cutting taxes during the Bush years to "stimulate" the economy (when the stimulation wasn't really needed). Although they did probably help during the 9/11 induced recession.
See, the reason why I find it laughable that the Republicans are so upset about this is because it isn't about the money. Its about the money not going where they want it to go. If it was 100% tax cuts (which would not be an effective solution to this problem because we are facing a liquidity trap, not stagflation. Republicans have somehow convinced themselves that tax cuts are like duct tape, that they can do anything), they would be shouting up in down in the aisles even if it meant the deficit would soar. If the spending was mostly geared towards things like defense, they would be happy.
I'm upset with Republicans because they have the audacity to lie to the American public's face that they actually believe in fiscal conservatism, when there is almost no evidence that this is true. I never heard Republicans complain about the deficit in the last eight years until the 2008 election cycle came around. Its hypocrisy at its finest.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
