[quote=Allan from Fallbrook] We’re seeing a near total repudiation of the “Big Government is Good” lie throughout the world. Look at the rise of center-right governments in Scandinavia, the massive changes taking place in Britain, and also France, and the realization amongst American voters that we’ve been sold a bill of goods.
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When you’re basing your case on what the American (or any other) voters think, you’re obviously scraping the bottom of the barrel for scraps of evidence to back your theory.
To call what we’re seeing now bad big government is like calling a 70-yard pass into a group of players from both sides in the end zone when you’re down 7 points with 4 seconds left a bad play. Sure, it’s a bad play if you look at it in a vacuum. But, in real life, it’s either that or sit around and let your team lose. It’s really your only option. And it’s a response to the team’s poor play in the preceding 59 minutes. It’s not a decision that was made in a vacuum.
[quote=Allan from Fallbrook] Nothing lends more credence to your post, or is more telling in terms of how business leaders mistrust this president and his administration, than the statistic that tells us that between $800Bn and $1Trn is sitting on businesses’ balance sheets and is not being used at present.[/quote]
They’re hoarding that cash because they’re afraid of deflation. They’re afraid that there’s not enough stimulus. You’re arguing against yourself here, Allan.
And here’s another article, this one from the WSJ, for those of you who don’t believe anything in the NYT.
