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By John Tamny of RealClearMarkets
In a recent New York Times column, David Brooks took the Republicans to task for a “totally misguided” approach to our economic problems that in his view amounts to “no.” While Brooks acknowledges that the various solutions offered up by the Democrats have their shortcomings, to him it is the Republicans who aren’t being serious.
First up, he questions why “the Republicans have decided to demand a fiscal straitjacket at the one moment in the past 70 years when it is completely inappropriate.” To that, it could be replied that maybe, at long last, the GOP has figured out that “fiscal stimulus” is a tragic contradiction in terms. Maybe the GOP is finally getting serious? One can hope.
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