Home > Economy, Ezra Klein, Stimulus > First A Tragedy Then A Farce

First A Tragedy Then A Farce

One of my valued and welcome adversarial readers commented recently that the “stimulus packages were farceful [sic] and pork-laden.” After looking at this graph I wonder if anyone else thinks a farce is better than a tragedy any day.
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  1. August 12, 2010 at 6:55 pm

    Certainly a farce is more favorable to a crisis, but why is it that these are the only two choices?Couldn't we have prevented a crisis AND actually done something substantive besides simply putting off the inevitable (the farce). Sure the rate of job loss has plateaued, but unemployment remains a very real problem. What happens when we stop "stimulating" and formative changes are not in place to promote "real" growth?

  2. August 13, 2010 at 2:18 am

    When you say, "putting off the inevitable" do you mean balancing our budget by cutting spending and reforming entitlements? If you do, I totally agree with you I have often called for coupling short term spending with long term reform (here here here here and here for example)I would love to see some leadership from Obama and the Democrats on this by calling the GOPs fiscal responsibility bluff.

  3. Pat
    August 14, 2010 at 1:51 pm

    I'm glad we can agree that cutting spending and reforming entitlements are a priority. Now if we can only get the Democrats on board with this we might have a chance at pulling this country through.

  4. August 15, 2010 at 12:26 pm

    You're half right. We have to get both parties on board. Neither party has tried very hard at controlling long term spending. Mostly both have done their best to make it worse. I'm just trying to counter the lazy assumption of most people (present company excluded I hope) that Republicans are some sort of fiscally responsible party. They're not (see here & here).

  5. Pat
    August 15, 2010 at 8:20 pm

    I'm in agreement with you Dan (whew). I'm a firm believer that many Republicans are only conservative when money is being spent on something other than their special interests or when they want to appeal to their base. I think the left base faces the same problem. have you ever thought that this is just a game of "divide and conquer"?

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