October 1, 2013
It’s Official: Republicans Don’t Care About Uncertainty At All

I’m old enough to remember when Republicans wanted to reduce uncertainty.

It was 2012, and it was the centerpiece of Mitt Romney’s economic agenda. Actually, it was just about the only piece of Mitt Romney’s economic agenda. It was also 2011, and it was the centerpiece of John Boehner’s economic agenda too. (You can guess how many pieces that economic agenda had). But whether 2011 or 2012, the idea was that deficit spending and new regulations were why the recovery had been so weak, that businesses were waiting to invest until they knew what future tax rates and rules would be. And that undoing this red ink and red tape was the path to prosperity.
This was, of course, nonsense. There was never any evidence that too much uncertainty, rather than too little demand, was why the recovery was and continues to be stuck in stall speed. If anything, the evidence points the other way.
Read more. [Image: Reuters]

It’s Official: Republicans Don’t Care About Uncertainty At All

I’m old enough to remember when Republicans wanted to reduce uncertainty.

It was 2012, and it was the centerpiece of Mitt Romney’s economic agenda. Actually, it was just about the only piece of Mitt Romney’s economic agenda. It was also 2011, and it was the centerpiece of John Boehner’s economic agenda too. (You can guess how many pieces that economic agenda had). But whether 2011 or 2012, the idea was that deficit spending and new regulations were why the recovery had been so weak, that businesses were waiting to invest until they knew what future tax rates and rules would be. And that undoing this red ink and red tape was the path to prosperity.

This was, of course, nonsense. There was never any evidence that too much uncertainty, rather than too little demand, was why the recovery was and continues to be stuck in stall speed. If anything, the evidence points the other way.

Read more. [Image: Reuters]

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    This is a “Do Nothing Congress”
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