The Democratic response to the Crash
Tuesday, April 28th, 2009Regular readers may observe that the Economic Nationalist has not had much to say about the reckless economic maneuvering of the early Obama administration. The reason for this is that it is very difficult to say anything sensible about it. The maneuvers neither follow a recognizable economic theory nor seek prudently to reproduce that which, whether a theory exists for it or not, has worked well in the past. The maneuvers do not appear principally to be motivated by any particular economic principle other than a twisted, extremely vague Keynsianism. Rather, they seem to be motivated by extraordinarily undisciplined Democratic self-indulgence, using the Crash of 2008 as an excuse to implement—all in a rush, before anyone has time to regret it—any and every federal program Democrats had been wishing all these years to implement which the taxpayers did not want or could not afford.