In fact, future historians will probably look back at the 2010 election as a catastrophe for America, one that condemned the nation to years of political chaos and economic weakness.That's some prediction. So how good is Paul at making predictions about the economy.
So we need a fiscal stimulus big enough to close a 7% output gap. Remember, if the stimulus is too big, it does much less harm than if it’s too small. What’s the multiplier? Better, we hope, than on the early-2008 package. But you’d be hard pressed to argue for an overall multiplier as high as 2.Some voters might recall the president and Democratic Congress took Paul's advice and not only didn't "lowball" the stimulus, they went "big" and threw in an extra $200 billion in spending just to be on the safe side.
When I put all this together, I conclude that the stimulus package should be at least 4% of GDP, or $600 billion.
Democratic Closing Argument: Personal AttacksWhatever it takes, right?
Democrats Attack Over Personal Issues, Republicans Over Policy
In one typical example, Democratic ads have transformed Kentucky Republican House candidate Andy Barr into "a convicted criminal" -- complete with images yellow police tape and fuzzy video of crime scenes. Not mentioned is his crime: As a college student 19 years ago, he was caught using a fake ID during spring break.The old law school saw comes to mind: If you've got the facts on your side, argue the facts. If you've got the law on your side, argue the law. If you've got neither, pound the table.... and accuse the other side of worshipping the Aqua Buddha.
In a radio interview that aired Monday on Univision, President Obama chided Latinos who "sit out the election instead of saying, 'We're gonna punish our enemies and we're gonna reward our friends who stand with us on issues that are important to us.' " Quite a uniter, urging Hispanics to go to the polls to exact political revenge on their enemies - presumably, for example, the near-60 percent of Americans who support the new Arizona immigration law.Charles goes on to predict: "The Dems lose 60 House seats, eight in the Senate. Rangers in seven." That was written obviously before last night's contest. I say, Rangers in eight.
This from a president who won't even use "enemies" to describe an Iranian regime that is helping kill U.S. soldiers in Afghanistan. This from a man who rose to prominence thunderously declaring that we were not blue states or red states, not black America or white America or Latino America - but the United States of America.
This is how the great post-partisan, post-racial, New Politics presidency ends - not with a bang, not with a whimper, but with a desperate election-eve plea for ethnic retribution.
Former President Clinton stumps for Dems at Cheyney.And there is no truth to the rumor that Mr. Clinton attempted to persuade Bryan Lentz to drop out of his congressional race so that his running mate Jim Schneller would have a better shot at winning.
Clinton said he understands the concerns of Americans.Yes. We were in a hole. So the Democrats kept digging and digging and digging. Making the hole bigger and bigger and bigger. The lesson is supposed to be when you're in a hole, quit digging. Not in Washington. In Washington, if you've spent yourself into a deficit hole, you're supposed to keep spending and spending and spending until the hole is so big it swallows your Democratic majority.
“People don’t feel fixed,” Clinton said. “OK, we didn’t get out of the hole, at least we didn’t stop digging.”
