It will no doubt fall on deaf ears in Wingnutopia (aka Congress), but he’s gonna try anyway.
It doesn’t get any simpler than this. Really. It doesn’t.
Can we just put ideology aside for a moment and be clear about the facts? Consumer spending (70 percent of the economy) is flat or dropping because consumers are losing their jobs and wages, and don’t have the dough. And businesses aren’t hiring because they don’t have enough customers.
The only way out of this vicious cycle is for the government – the spender of last resort – to boost the economy. The regressives are all calling for the opposite.
Let me try a little parable to see if the TeaOP can grasp this simple principle.
Ayn Rand, Milton Friedman and Freidrich Hayek walk into a bar, each carries a duck, a chicken and a pig. The bartender says “You can’t bring those animals in here,” to which Hayek’s pig responds “What are you? Some kind of Keynesian?”
Oh why bother…