Alan Reynolds is right..

by Amity Shlaes Monday, February 1, 2010

Alan writes in National Review Online:

Republicans’ Keynesian Arguments

Republicans should stop using Keynesian arguments against Keynesian policies. The mantra that President Obama should “focus on jobs,” for example, was an open invitation for the GOP to be sucker-punched when Obama simply relabeled his second stimulus bill a “jobs bill.” To demand the president focus on jobs seemed like an endorsement of the president’s odd notion that he can “create or save” jobs by using borrowed money to expand government payrolls and transfer payments.

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