as often is the case, I wonder what is worse--that the Deomorats don't understand the wrongheadedness of the claim that the disappearance of the surlus is the cause of the economic troubles or that they know that is not right but are saying it for political reasons. Either way, they are sickening. As I heard someone remark, it looks like they've already conceded the next Presidential term to Bush. And where will the Dems be by the end of Bush's second term? Isn't there one Dem who believes it makes sense to promote economic recovery? It is not as though the Repubs have some correct understanding and are offering the right solution. They could split with the DLC and still distinguish their proposal from that of the Repubs.
we handed out a five-point plan around at the mtgs in Atlanta: 1) $150 bil payroll tax cut split evenly between employers and employees 2) $125 bil in infrastructure investment 3) speed up of the $100 bil tax cut 4) $150 bil for guaranteed govt jobs 5) $75 bil for education, health care, child care, and other social spending That's a $600 bil program, $250 bil in tax cuts and $350 bil in new spending. I loved watching Gordon Tullock's eyebrows as he read it. (He showed up at a Post Keynesian/Marxist URPE session--stayed for most of it.)
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