[scudco]

Krugman shilling for Keynesian get-rich-quick schemes and insisting that what Obama(read The Executive Branch) needs is simply more power to spend our way out of The Greater Depression? Say it ain't so!

All kidding aside Krugman accurately points out that the Republicans are simply posturing themselves as "champions of careful Congressional deliberation." The big problem I find with his line of thinking, however, is that he assumes Obama is not posturing himself as the "champion of quick and decisive action." Krugman further magnifies his blind-spot in the following excerpt:

"The biggest problem facing the Obama plan, however, is likely to be the demand of many politicians for proof that the benefits of the proposed public spending justify its costs — a burden of proof never imposed on proposals for tax cuts."

That is, we are likely going to be unable to spend our way out of this mess because people are unsure about this whole magical plan that spending and printing money will actually be a viable plan toward recovery. Secondly he firmly plants his flag in statist territory by insisting that tax cuts are never held to this same standard. By this he seems to be suggesting that when government spends money what rulers need is nearly carte-blanche ability to spend as they see fit; but when we want to steal less from citizens then we had better have some careful deliberation that this tax cut is going to positively effect them!