What Scheiber got wrong about the Obama economic recovery plan: to - TopicsExpress

What Scheiber got wrong about the Obama economic recovery plan: to paraphrase: virtually everything. Good of him to admit it now, but it just goes to show how even reasonable economists can get things calamitously wrong, when they have little or not idea about the political and institutional restraints involved, and are more intent on grandstanding their own pet theories than looking at what is actually happening. It might also have been better for him to have come out with this abject mea culpa a month or so ago when the verdict of the electorate could have been influenced. Is Scheiber now guilty of too little too late? What an irony!

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