If President Barack Obama’s response to the economic crisis is imperfect, as he acknowledges, and if the Congressional Democrats leave much to be desired as well, then Americans can at least be thankful that the nation’s fate has not been consigned to the frozen minds on the other side of the aisle. Things are bad, and seem very likely to get worse—but the Republicans seem determined to plunge us into a real depression, gambling that catastrophe would return them to power.
The leaders of the Republican party simply ignore flashing red warnings from the unemployment offices, whose reports now indicate that joblessness in this recession will soon surpass the worst of the 1981-82 slump. They complain about “earmarks,” a miniscule portion of the budget, and they suggest policies that would either have no effect at all or make matters much worse, even according to many of their own most venerated economists....
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