David brooks lifted up his right cheek again and stunk up the joint, his newest column which he calls A Little Economic Realism might as well be called Let’s Exhume Saint Ronnie. I don’t have the time or the will-power to take on his weak-tea of a column in total, so I’ll just cherry-pick a few of the more outrageous and stupid claims.
Bobo wants us to feel his pain upon seeing 30 years of Supply Siders washed down into the sewers of history:
The Demand Siders don’t have a good explanation for the past two years. There is no way to know for sure how well the last stimulus worked because we don’t know what would have happened without it.
Davey, the demand siders do know what happened the last two years: A housing crash led to a financial crisis, helped by unregulated Wall Street grifters. Global stimulus efforts helped create a global recovery, which is now threatened by European debt crises and austerity measures that focus on punishing its citizens via debt reduction instead of trying to grow their way to prosperity.
Bobo continues on his Bataan Death March of Logic:
Only 6 percent of Americans believe the last stimulus created jobs, according to a New York Times/CBS News survey.
Are you saying that you are right, Bobo, because the public is confused? The facts, Davey, are that the stimulus warded off a 1930s-style crash and did save or add millions of jobs. Just not enough because the stimulus was actually too small.
But the overall message is: Don’t be arrogant. This year, don’t engage in reckless new borrowing or reckless new cutting.
Arrogant, in Bobo’s dictionary, means anyone who does not agree with his patented genteel and reasonable centrism.