Give Peter Orszag (Director, Office of Management and budget in the Obama Administration) credit; when confronted by George Stephanopoulos about the fact that their budget projections were followed by the release of the drop in gross national product development last quarter he had the best answer anyone could give. He said “isn’t it a good idea that we acted so quickly” because this sore doesn’t get any better if you don’t treat it (not with voodoo economics but) with antibiotic economics. |
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