Friday, February 18, 2011


It pays to remember that we are just now witnessing the second shoe dropping on the long-term 'starve the beast' strategy. All the whining you hear about "there's no money", "We're broke" and "the spending is unsustainable" are a direct result of the decade long mantra of 'cutting taxes will grow the economy" and "It doesn't make sense to punish our most productive sector". The fact that cutting taxes didn't grow the economy and that corporations have been particularly stingy in the "job creation" even though profits are at pre-recession levels reminds us that if we let the Republicans get their way, we'll be right back to the stagnation that marked the Bush years (only with a higher baseline of unemployment.)

Blaming public sector workers for what's wrong with our economy is a particularly brazen crock but apparently there's no shortage of people willing to play along.

1 comment:

marieburns said...

Paul, just wanted to thank you for trying to keep 'em honest on the Swampland blog. I don't know how you can stand responding to some of the nonsense that passes for commentary there, but I'm glad somebody as articulate and rational as you are is doing it.

Marie Burns, the Constant Weader at