Well, it's a good thing we let the Republicans control the debate on the economy, right? How's that working? We've been screaming this point for weeks, nay, years. Bill Maher had the perfect slogan on his show a couple years ago, "Republicans want your children to die." It's really that simple, in all its twisted ideological glory.
Reich's latest blog essay helps somewhat to make the case for the economic rescue plan, specifically over the GOP's endless obsession for tax cuts tax cuts tax cuts. It's almost maddening that this case must still be made, after two electoral wipeouts and the threat of economic collapse.
I remember when Roubini was the only pessimist in the room. Now everybody is Dr. Doom.