Follow the Money
The GOP risks misdiagnosing the weak economy.
Feb 21, 2011, Vol. 16, No. 22 • By JEFFREY BELL
None of this should be interpreted as disagreement with the desire of the Tea Party and such allies as Ron Johnson to attempt to undo the federal spending surge engineered by Obama and his subservient 111th Congress. A return to limited government is a worthy, long-overdue project on its own terms, which deeply relates to who we are as a people.
But advocating a purely fiscal solution to a monetary and financial meltdown will get Republicans no further, in either economics or politics, than the mystified abdication of the later Bush years, not to mention the more recent fiscal and monetary flailing of chronic Krugmaniacs.
Jeffrey Bell is policy director of the American Principles Project and heads APP’s GoldStandard2012 initiative.
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