11.10.2008

Read Your Krugman

Here's your chance. Don't be like FDR, Obama, be bolder!!

And as far as how you accomplish it politically: here's how. As Yglesias sums it up:
Congressional leaders should completely ignore Bush, and without seeking his input or approval write and pass a stimulus package that, among other things, includes a generous amount of aid to state and local governments to forestall the need for cutbacks on their end. Second, you hope enough members of congress vote for it to override a veto. If that does work, then third you hope the president signs it. If that doesn’t work, then the president-elect promises to sign a repassed version of the law with equivalent state and local aid as soon as he takes office. Since state and local officials will know the money is coming one way or another, they can start doing their budget planning as if Bush had signed the bill even if he vetoes it.

1 comment:

Anonymous said...

Dunno why they are in such a hurry to pass a second stimulus - they haven't even doled out half of the bailout bill. Why don't they just reappropriate that money? That bill was put together so poorly that AIG is already back asking for more money because the gov't charged them a 14% interest rate and they are in even worse shape now.

It's a miracle that the dollar has actually appreciated in the last month...