When was the first clue and why did it take them this long to catch up to what we have been saying for over two years now? Certainly it wasn't a lack of communication; or was it?
Here’s something new: instead of the customary attempts to put an optimistic gloss on the state of the economy, our governments are doing exactly the opposite. Over here Ed Balls tells us, more or less, that this is the worst recession since dinosaurs roamed the primordial swamps. Meanwhile President Barack Obama declared last week that “if we don’t act immediately, our nation will sink into a crisis that at some point we may be unable to reverse”. As The Economist commented, with some alarm: “The notion that [America] might never recover was previously entertained only by bearded survivalists stockpiling beans and ammunition in remote log cabins.”
Obama’s dire assessment was on the surface the more surprising – wasn’t he supposed to be the great uplifter of the national mood, in the spirit of Franklin D Roosevelt’s “The only thing we have to fear is fear itself”? It seems all the odder because Obama has explicitly drawn on folk memories of FDR’s New Deal, telling television viewers to “keep in mind that in 1932, 1933 the unemployment rate was 25%”.
Obama is probably right to assume that those same memories have it that the massive state interventionism of the New Deal triumphantly restored America to full employment. That’s why he felt comfortable in asserting, on the eve of the launch of a $2 trillion (or so) injection of taxpayers’ money, “There is no disagreement that we need . . . a recovery plan that will help to jump-start the economy.” [...]
Maybe the Brits are beginning to go into that PANIC mode what with Eurasia on the brink of Civil War with Haji in their midst and Czarboni going down the paths of those great murdering thugs Lenin and Stalin. It could be that the Brits see their own freedoms (what's left of them after decades of socialist bravo sierra) being compromised and overcome by Shar'ia Law in the English Courts.
Screw it. Pitchforks, rakes and nerf footballs at dawn folks. Or, we could go down another path and do something Constitutional for a change. Behold:
While President Barack Obama goes on the road to shore up slipping popular support for the $1 trillion stimulus porkfest that he ordered up from Senate Majority Leader Harry Reid and House Speaker Nancy Pelosi, Rep. Walt Minnick, a freshman Democrat from Idaho, is pushing a better idea: The Strategic Targeted American Recovery and Transition Act (START).
Minnick is a member of the Blue Dog caucus of occasionally conservative Democcrats. His START plan is a $170 billion “bare bones” pure stimulus approach that would put $100 billion immediately into the pockets of low- and middle-income Americans, then use the other $70 billion for basic infrastructure projects that create jobs. START requires that all funds not spent by 2010 be returned to the Treasury. START also stops stimulus spending when the nation’s Gross Domestic Product increases in two of three previous quarters, and all START payments are required to be posted on a public website. [...] read the rest of that gem
Nope. Can have any of that damned Constitutional crap, now can we? Stock up on nerf footballs folks. Damn those "conservative" Democrats anyway. Why can't they just go along with the Three Amoebas Pelosi, Reid and Czarboni?