A spending freeze? That’s the brilliant response of the Obama team to their first serious political setback?
It’s appalling on every level.
It’s bad economics, depressing demand when the economy is still suffering from mass unemployment. Jonathan Zasloff writes that Obama seems to have decided to fire Tim Geithner and replace him with “the rotting corpse of Andrew Mellon” (Mellon was Herbert Hoover’s Treasury Secretary, who according to Hoover told him to “liquidate the workers, liquidate the farmers, purge the rottenness”.)
Join the conversation about this story »
See Also:
- Hold On! Obama Opposed A Spending Freeze Before He Supported It
- Obama’s Spending Freeze Is Another Huge Win For Wall Street, And A Huge Loss For Main Street
- Obama’s Spending Freeze Will Torpedo The Push For A Jobs Bill, Infrastructure, And Expanded Healthcare