The Anti-Stimulus Crowd Blows a Gasket

by Dean Baker

The anti-stimulus crowd is getting desperate. The possibility that a young charismatic new president will push through an ambitious package that begins to set the economy right is truly terrifying to this crew. After all, if the economy begins to turn around and has largely recovered in three or four years, the Republican leadership can look forward to spending most of their careers in the political wilderness.

President Obama will cakewalk to re-election, and even his designated successor will be able to benefit from the glow of his success. If the New Deal serves as precedent, Congress will stay in Democratic hands long past the time that the current leaders of the Republican Party start collecting their pensions.