I just finished listening to a round table of pundits talking about Obama’s new jobs bill and going over the implications and possibilities. What occurred to me, not ten minutes ago, was that critics of these stimulus packages are not all wrong, nor are they necessarily doctrinaire.
It’s a natural thing to compare the current situation to the Great Depression (which was a lot worse, but pain is relative) and of course the Progressives are saying that we need federal spending to get out of it. After all, that’s what we did back then.
Everyone keeps forgetting a significant difference. The aftermath of World War II.…