by Damozel | The real problem with the stimulus bill is, of course, not that it is so "giant," but that it is so timid compared to what is needed. Hurray as ever for Media Matters, which points out the complete failure of our useless media to point out the real failing of the stimulus bill. In fact:
I noted yesterday that oft-quoted (especially by Republicans) Republican economist Martin Feldstein has said that the current stimulus package will probably need to be supplemented by a further bill. He's not the only economist saying that what is going to be needed is more stimulus, not less. He and economist Mark Zandi are on the same page:
Other economists -- including Paul Krugman, Dean Baker, James Galbraith, Eileen Appelbaum, and J. Bradford DeLong -- also assessed the stimulus package as too small. (Media Matters)
As for the GOP, I'm sure they're still holding back some great ideas for fixing the economy and mitigating -- to the extent possible -- the hardships of those who were brought down first, before any net at all had been put in place. The GOP must have some ideas other than "tax cuts," yeah? Because tax cuts don't help people with no income.
Perhaps we only get the government (and stimulus package) our useless media deserve. At Balloon Juice, DougJ writes:
It’s perfectly reasonable to blame Obama for not shoving this stuff down the Beltway Establishment’s throat. But it’s naive to think that he wouldn’t have to push pretty hard to make them swallow it.
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