There's plenty of legitimate argument over the stimulus—too much, too little, not fast enough, too fast, the proper mix of tax cuts and spending. Alan Blinder's op-ed in the Wall Street Journal is an excellent guide to some of the debates. But the Republicans in Washington aren't reading Blinder. And it's almost impossible for the Obama team, or anybody else, to engage them in serious discussions. Virtually all the prominent Republican economists who were associated with the Bush administration in any way have fled Washington for the private sector or academia. Today, the congressional Republicans are taking their advice from Joe the Plumber.
Thursday, February 05, 2009
The Source of Republican Economic Advice
Leading Republicans in Washington are claiming that government spending doesn't create jobs. In Newsweek, Daniel Gross tells us where they are getting their economic advice: