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Voice Come Out of the Wilderness to Oppose Stimulus Package

Chicago Daily Observer 4 February 2009 No Comment

Hark! A few voices a peeping that President Obama’s stimulus may not be all it’s cracked up to be. Don’t they understand that the New York Times Times has defined bipartisanship as “unquestioning agreement with the president”?

Then the Wall Street Journal is certainly not bipartisan letting rip….

1) Tom Coburn (R-OK) on a laundry list of pork and earmarks including the dubious Future Gen in Matoon, Illinois

2) Holman Jenkins condemning the “wild gambles” of the Obama bank bailout

3) Winnetka’s Steve Moore rallying the anti-spending forces of reason

then the European press noticed that the Democrats were anti-trade, anti-business, and anti-Europe which prompted

1) The Financial Times’ Willem Buiter to condemn the spending manias coupled with protectionism with the apt headline “YES WE CAN!! have a global depression if we really continue to work at it…”

2) The Financial Times’ Clive Crook to condemn protectionism with the apt headline ‘The reckless stupidity of “Buy America”’

3) The Economist to snarl “Economic nationalism rears its ugly head” comparing Obama and the Democrats proposals to Smoot-Hawley Tariffs which set off the Great Depression (a bipartisan effort btw)

Oddly enough The Financial Times and The Economist endorsed Barack Obama for President, knowing full well that he was a protectionist. However the Democrats latest antics have done what John McCain could not do, unifying Republicans and pro-business types worldwide against the malign hackery packaged as a “stimulus”.

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