It is not outside the realm of possibility that Obama just genuinely is a fiscal conservative who worries more about potential future inflation than current unemployment. Our last Democratic president thought trimming the deficit in a recession was a good idea on the merits.
Tuesday, January 26, 2010
Ezra Klein doesn't understand why the administration would do something like call for a discretionary spending freeze without getting something in exchange. I think Matt Yglesias's speculation regarding Ben Bernanke from a few days ago might be relevant here.