Tuesday, August 03, 2010

GOP follies

I have to work this afternoon so a couple of quick hits worth reading that I didn't get around to yesterday. First is Barry Ritholtz, How the GOP destroyed the American Economy. Long list, but this is one my favorite:
America’s debt explosion has resulted from the Republican Party’s embrace, three decades ago, of the insidious Supply Side doctrine that deficits don’t matter if they result from tax cuts.
And Steve Benen catches the latest in GOP hypocrisy:
Sen. Bob Corker (R-Tenn.) proclaimed Obama's actions "truly breathtaking" and said the government ownership roles at Chrysler and GM "should send a chill through all Americans who believe in free enterprise." [...]

Got that? Corker hated the policy last year -- it offended his notion of how the government should operate on a fundamental level -- but now that it worked, and the evidence is clear that Obama was right, he wants the public to think the president succeeded thanks to the Republican "contributions" to the policy.

This is not only a reminder of just how shameless this crowd really is, it's a reminder how fortunate America was that Republicans weren't calling the shots when the pressure was on.
I have nothing to add to that.


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