It’s not just the price tag, especially at a time of record deficits; it’s its ethos.Â As the president just said in his press conference, “It is only government that can break the vicious cycle.â€
Mr. President, with all due respect, it’s not government which can fix the economy, it’s government which got us into this mess.Â Only by removing the heavy hand of the state we can break this vicious cycle.
Just ask Ronald Reagan.Â Or take a look at FDR’s spendthrift record.Â Just over four years ago, a team of UCLA economists calculated that FDR’s policies prolonged the Depression by 7 years.
In today’s Wall Street Journal, John B. Taylor showed How Government Created the Financial Crisis, echoing a point (but with different data) that Peter Wallison made in the American Spectator about the True Origins of the Financial Crisis.
UPDATE:Â Love Althouse’s live-blogging, especially on his conclusion:
“There’s some ideological blockage there that needs to be cleared up.” That’s the characterization of the opposition to the stimulus. Make those of us who are hesitant sound like some kind of disease. “But I am the eternal optimist… People respond to civility and rational argument, and that’s the kind of leadership that I’m going to provide. Thank you guys!” Well, I respond to civility and rational argument, but I believe you just talked about me like I was some kind of disease!
UP-UPDATE: In the comments, Gene from Pennsylvania reminds about JFK’s tax cuts. At least the Gipper could follow the example of a president of the opposing party.