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Tuesday, January 26, 2010

A Question Of Economics: Pt. V

There so much speculation going on surrounding Obama's alleged State Of The Union "spending freeze" request that it's hard to discern the facts from the fantasy.

While some conservatives are crowing that they have won, to some economists saying that this is very a "Hoovereque" move on Obama's part, one has to wonder precisely what he's going to say.

It's very easy to get lost in rank speculation, though not all of it is reactionary paranoia, but one shouldn't just simply rest back on one's heals and hope for the best. After having read Krugman, DeLong, and a variety of other economic minds, I'm inclined to be a little skeptical of this plan.

None-the-less, I'm going to wait until Thursday morning and read the political tea-leaves and see where this plan could really lead us.

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