The headline here says it all: The Most Fiscally Irresponsible Government in U.S. History. And it’s what we’ve been saying for the last year. What is happening in Washington makes no sense from any coherent view of economics. THAT is what the public realizes, and it’s why voters across the spectrum are abandoning the President. Naturally many committed Democrats are still supporting the administration politically, and no one should begrudge them their loyalty to their Party. But a significant number of these Democrats – when asked about the policies of the Administration rather than their support of the President himself – show a deep concern about the irrationality of, for example, deliberately driving up the deficit over the long term. It would be an insult to liberalism to suggest that it embraces a “stimulus” that is really irresponsibility masquerading as policy.
