Tuesday, June 22, 2010

Quote of the day II

Ross Douthat:
It’s now conventional wisdom among Obama’s liberal critics that the White House has been insufficiently ambitious about deficit spending. The economy is stuck in neutral, they argue, because Obama didn’t push last year’s recovery act up over a trillion dollars, and hasn’t pressed hard enough for a second major stimulus.

Technically, they could be right — but only in the same way that it’s possible that the Iraq War would have been a ringing success if only we’d invaded with a million extra soldiers. The theory is unfalsifiable because the policy course is imaginary.

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