1993 Revisited - The American Spectator | USA News and Politics
1993 Revisited
by

Dave Weigel makes some valid points as to why the unified Republican opposition to the stimulus package is different from the political state of play when they stood together in opposing the Clinton deficit reduction bill in 1993. But it’s worth keeping in mind the bottom line — if unemployment is still high in the fall of 2010, which it is widely expected to be, Republicans can argue that Democrats passed an $800 billion-plus stimulus package that did nothing to produce jobs at a time when we were already staring down annual trillion-dollar deficits. And keep your eye on the possibility of stagflation given the combination of massive fiscal and monetary expansion. Yes, a majority of Americans may support the bill now, but 52 percent is not overwhelming support, and Americans are an impatient bunch. I don’t think that 2010 is going to be another 1994, for a variety of reasons. A more realistic model might be something like 1982, when the recession lost the Republicans 26 House seats. That, of course, would lead to the question of whether a 2011 recovery would lead to an Obama landslide in 2012.

Sign Up to receive Our Latest Updates! Register

Notice to Readers: The American Spectator and Spectator World are marks used by independent publishing companies that are not affiliated in any way. If you are looking for The Spectator World please click on the following link: https://spectatorworld.com/.

Be a Free Market Loving Patriot. Subscribe Today!

Stop the Inflation Grinch From Stealing Christmas!

That’s right, the Grinch (Joe Biden) is coming for your pocketbooks this Christmas season with record inflation. Just to recap, here is a list of items that have gone up during his reign. 

Gas: 40%+
Beef: 20%+
Used Cars: 20%+
Lodging: 17%
Eggs: 13%

What hasn’t increased? The cost to subscribe to The American Spectator! For a limited time, we are offering our popular yearly subscription for only $49.99. Lock in the lowest price of the year by subscribing today

The Grinch Stole Christmas Sale
Commander-in-chief of Christmas inflation