Monday, November 17th, 2008 | Author:

When we’re in pain, we go see a doctor. If the doctor’s first treatment doesn’t help, we go see him again. If the second (or third or fourth) treatment actually makes things worse instead of better, most of us will find a new doctor. Not so with our president-elect: he’ll just give the same doctor more freedom. From CNN:

I think what’s interesting about the time that we’re in right now is that you actually have a consensus among conservative Republican-leaning economists and liberal left-leaning economists. And the consensus is this: that we have to do whatever it takes to get this economy moving again, that we’re gonna have to spend money now to stimulate the economy,” Obama told CBS’ “60 Minutes” in his first post-election interview which aired Sunday.

“And that we shouldn’t worry about the deficit next year or even the year after,” he continued. “That short term, the most important thing is that we avoid a deepening recession.”

Spending money to stimulate the economy is a lot like the medical practice of bloodletting with leeches: it eventually kills the patient, but the doctor feels so much better.

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Category: economics, Obama
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