"...politicians have predicted nine of the last five recessions."

So says the National Review's editorial today.

And eventually the politicians will get it right. So, just in case they do get it right, something must be done, and since we are in the midst of a presidential primary...let the cash hand outs begin!

The National Review's Rich Lowry gets it right on these so-called "stimulus plans" to "jump-start the economy". The FDC loves that Lowry cited Milton Friedman's (one of our heroes) "permanent income hypothosis" that Lowry boils down to: "You can’t fool people into thinking that they are richer than they really are. "

Meanwhile, it should come as no surprise that New York Times columnist, Paul Krugman, praises the hand-outs. Krugman disregards the lessons he learned earning his undergraduate economics degree at Yale and his Ph.D. at MIT, to wallow in what Lowry calls the "the lowest common denominator of sophomoric economic policy".

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