Second Guessing the Stimulus

Why would we turn back to the policies that got our economy into this mess in the first place?

The fiscal and monetary policies of the last eight years were a crime. The fundamentals of the US economy have been deteriorating for years, and Bush finally pushed us off the cliff.

Obama will not be able to restore America overnight. Reversing the Reagan Revolution will take decades, but it is the only responsible way forward. Turning back now would be a huge mistake. We still have time to prevent the worst case scenario of a total economic meltdown, but tax cuts are clearly not the answer.

Stimulus is a proven strategy, and despite the unprecedented condition of the economy, a coordinated global strategy is the most sure way to defend the market economies from collapse.

If Obama turns back now, and the economy can’t recover rapidly on its own, the American people will lean ever farther leftward. That is not an outcome that would bode well for the GOP.