My friends at Politico, Jim VandeHei and Eamon Javers, have a piece this morning about those who advocate doing nothing in the face of our economic crisis. No stimulus, nada, these folks argue.
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I think there's an argument for doing nothing but it's so outside the conventional mainstream, far to the right of the House Republicans, that it seems to me incumbent upon Politico, for whom I've written and which I admire, to have noted that some of the experts quoted in their piece have what we might call exotic histories.
The piece quotes Andrew Schiff, as "an investment consultant at Euro-Pacific Capital and a card-carrying member of the stand-tall-against-the-stimulus lobby." He tells Politico: "All this stimulus money is geared toward getting consumers spending and borrowing again. But spending and borrowing were the problem in the first place." This quote and identification make him sound like some typical money guy expressing the kind of fiscal prudence you expect from Hal Holbrooke in Wall Street.