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Third Base Politics


Forget something?

“Poorly provided fiscal stimulus can have worse side effects than the disease that is to be cured. This suggests close attention to three issues:

[Fiscal] stimulus, to be maximally effective, must be clearly and credibly temporary – with no significant adverse impact on the deficit for more than a year or so after implementation. Otherwise it risks being counterproductive by raising the spectre of enlarged future deficits pushing up longer-term interest rates and undermining confidence and longer-term growth prospects.”

Pretty damn good argument against the stimulus, eh?

Ironically,these words were uttered by the head of the President’s Council of Advisors, Lawrence Summers, in a column he penned a year ago.

Now if only they would listen to their own advice.

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Third Base Politics is an Ohio-centric conservative blog that has been featured at Hot Air, National Review, Washington Post, Los Angeles Times, Pittsburgh Tribune-Review, and others.


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Third Base Politics