Am I the only one who notices the eerie similarities between the debate over the current “stimulus” bill and the run-up to the Iraq War? The same drumbeat of propaganda coming from the press. The same repeated warnings of imminent disaster from some quarters–if we don’t give the government the emergency powers it needs to handle the crisis. Powers that conveniently enough always happen to be the same ones that the supporters had wanted even before the crisis? Just as taking out Saddam Hussein had little if anything to do with Al Queda and protecting America, most of the “stimulus” bill is really just a laundry list of pet projects that Democrats and progressives (and everyone else too) has been wanting the government to fund for a long time–which have little to do with encouraging the economy to recover from the excesses of the last decade and a half.
I quipped under the Bush Administration that “I wish those who keep insisting on failing to learn from history didn’t have the power to force the rest of us to share in their remedial lessons”. While I have to admit I was actually pleasantly surprised with Obama’s actions during his first few days in office (regarding issues like torture, Guatanamo, and foreign policy), I get the feeling that this time around the block I’ll get to sit in on other peoples’ remedial economics lessons.