On 12/8/2010 12:33 PM, Max Sawicky wrote: > Johnson has made some useful contributions to different debates, > but this comment from him is just bullshit. The question on the > table was what short-term proposal was tenable. His was not, > whatever its merits in principle and in the longer run. Let's not > forget SJ comes from the benevolent IMF; he leads off with the > deficit comment, and only later acknowledges that some stimulus > now would be worthwhile.
Although I am no fan of FDR, the fact is that the tax rate under the New Deal was 79 percent. That did not prevent him from spending money to stimulate the economy. This tax break is about "starving the beast", not stimulating the economy. > In general, not aimed at LP, the left opposition to BHO getting > soft on deficit reduction for the sake of dinging the White House > is very bad long-term politics. I would hardly call Rachel Maddow "left". This crowd at MSNBC, the Nation, Huffington Post et al has been quite forgiving in the past. Something has changed. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
