Saturday, July 11, 2009

George F. Will - Liberal Policies Paving Way for Higher Taxes -

Economic policy, which became startling when Washington began buying automobile companies, has become surreal now that disappointment with the results of the second stimulus is stirring talk about the need for a . . . second stimulus. Elsewhere, it requires centuries to bleach mankind's memory; in Washington, 17 months suffices: In February 2008, President George W. Bush and House Speaker Nancy Pelosi, who normally were at daggers drawn, agreed that a $168 billion stimulus -- this was Stimulus I -- would be the "booster shot" the economy needed. Unemployment then was 4.8 percent.

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