Springtime for the New York Times

by Mike on April 5, 2009

in Economy,Media Bias,Politics

Surprise. Surprise.  A recent edition of the New York Slimes contains an editorial advocating massive government spending to stimulate the economy.  In this case, the Grey Lady actually uses historical evidence to support its argument.  Of course, the example is distinguishable from our situation because it featured spending on a massive war effort.  War, like necessary infrastructure, is one of the few areas in which government can positively affect an economy because war provides an actual market in which government dollars can be spent productively.  For this reason, the Times’ argument fails.

Oh, and because the Times’ example is Nazi Germany.

Hat tip to Mere Rhetoric, which mentions another big difference between today’s America and the Third Reich:

Of course in the case of Nazi Germany stimulus worked because it was driven by the mass confiscation of Jewish property. But whatever.

Is this the bottom of the slippery slope?

ETA: This Times piece inspired Vodkapundit to create a corollary to Godwin’s Law.

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