Republicans could point out that this crisis is not just an opportunity to do other things. It’s a bloomin’ emergency. Robert Barro of Harvard estimates that there is a 30 percent chance of a depression. Warren Buffett says economic activity “has fallen off a cliff” and is not coming back soon....
Republicans could argue that it’s Nero-esque for Democrats to be plotting extensive renovations when the house is on fire. They could point out that history will judge this president harshly if he’s off chasing distant visions while the markets see a void where his banking policy should be.
Tuesday, March 10, 2009
Renovating While Rome Is Burning
David Brooks outlines a renewal plan for congressional Republicans that he seems pretty confident they'll ignore. Among his suggestions, as the Obama administration proposes massive new spending on education, health care, and energy: