Friday, Feb 6, 2009 10:23 PM UTC
The loopy mendacity of Grover Norquist
The high priest of tax cuts blames the recession on the Democratic takeover of Congress in 2006. Even some of his own comrades can't hide their embarrassment.
Topics: U.S. Economy, Globalization, How the World Works, Great Recession, Politics News
On Friday afternoon, Grover Norquist posted the following explanation of why the U.S. economy is sliding into the deepest recession since World War II at the National Review Online’s group blog, The Corner.
The economy as measured by the market and businesses’ willingness to hire does not sound very excited by the Reid/Pelosi/Obama spending spree.
The economy began to collapse when the Democrats captured the House and Senate and we then knew that the lower tax rates on individuals, capital gains, and dividends would end after 2010.
It’s not the first time that Norquist, president of the anti-tax lobbying group Americans for Tax Reform, has unburdened himself of such breath-taking imbecility. But to do so in response to the news that the economy lost 600,000 jobs in January is bold, even for him — (and of course, stunningly wrong, even in the narrowest sense — at the very moment Norquist wrote those words the stock market was rebounding, on hopes, theorized by none other than that shining beacon of leftwing propaganda, the Wall Street Journal, that the stimulus bill would pass. If Norquist wants to see a real market panic, wait and see what happens if the Senate fails to pass a stimulus bill.)
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