Michael Perelman wrote:
> 
> The Republicans are not going to portray the tax increase as a compromise,
> but as a "far left" plan.  The will only agree to a plan if .....
> 
> It is stupid not only as an economic strategy, but as a strategy for
> negotiating.

Those are pretty shaky premises. Assume courage and assume competence --
Then try to analyze the policy, assuming motive coincides with action.
The policy may turn out be disastrous for someone, but for 4000 years,
there has seldom been a decade in which someone both courageous and
competent did not adopt some disastrous course of action. 

And do not wholy discount the possibility that _no_ course of action now
is other than disastrous. We cannot assume the state is powerful enough
to control the economy.  Pointing out that FDR was not bold enough does
not establish that bolder policy in 1937 would have changed things
without the help of the war. What we KNOW is that the war turned the
economy around. Everything else is speculation.

Carrol

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