Saturday, June 6, 2009

A plan-less party's pathetic panning of the President's plan.

Krugman is bewildered by the Republican critique of Obama's stimulus package and its alleged lackluster affect on the labor market:
By and large I’ve long been inured to the deliberate stupidity of much political discourse. But for some reason the vision of Republicans whining, “where are those 3.5 million jobs Obama promised” — less than four months after the stimulus bill was signed, and with hardly any funds disbursed — got to me.
Without presenting an adequate alternative, Republicans have no grounds to criticize Obama’s stimulus. Republican plans for economic resuscitation were retarded by a dogmatic commitment to an unadulterated free market -- an avenue which most certainly would have been worse on the labor market.

The perverted logic employed is akin to the entire Republican car dealer fiasco: Republican dealerships are closed down, prompting conspiracy theories that the Obama administration was insidiously attacking Republican supporters, but neglecting the fact that all the Republican car dealers would have been facing the prospect of closure if there were no auto bailouts.

You can’t stand on the sidelines watching somebody bleed to death and then criticize one who desperately attempts to stop the bleeding (be it successfully or unsuccessfully).