Megan is from the Atlantic; Peter is from The American Scene; James Joyner of Outside the Beltway breaks the story; Stacy McCain of The Other McCain takes the credit; and I shall avoid making any heavy-handed libertarian/fiscal references. Heck, I won’t even speculate if they’re going to start a group blog in a couple of years.
Mazal tov.
Moe Lane
PS: What? Nope, not Jewish; just from New Jersey. It’s what we say.
Crossposted to RedState.
I hope you meant that as a drug reference, Megan.
R.S McCain summarizes Megan McArdle’s post about our current economic strategy in three words: “It won’t work.” Which is a fair assessment, both in what Megan’s analysis and in her conclusions. Personally, I would have preferred it if Stacy could have been able to summarize both with one word, though: “Oops.” Not to be a broken record about this, but I didn’t need Megan to tell me that we enjoy, ah, suboptimal economic oversight. I already knew. Or that the current administration seems to default to style over substance. I already knew that, too. Or even that we are going to have to raise taxes on the lower and middle class to pay for all of this. A lot of us knew this already.
But apparently, we just weren’t trendy enough to satisfy a sufficiently large portion of the electorate. To those of them reading this and smirking, at this point: real quick. You know that tax cut that some of you college kids received? Yeah, the $13 dollars a week thing that didn’t even register with most people. Anyway, turns out that the IRS messed up:
— A single college student with a part-time job making $10,000 would get a $400 boost in pay. However, if that student is claimed as a dependent on a parent’s tax return, she doesn’t qualify for the credit and would have to repay it when she files next year.
How’s that Libertarians for Obama thing working out for people? I’ve already seen how it worked out for all those poor Republicans for Obama…
Before we go any further, let me just note that my sympathies for the people in the video below is currently somewhere between “nil” and “whatever.” This is a blue-on-blue fight, as far as I’m concerned: Wall Street actually has a habit of going against its class interests by funding and supporting Democrats, and God knows that they had their hand in the current banking crisis, so I can root for injuries with a light heart and a clear conscience.
But Megan’s right: Maxine Waters is nuts.
Continue reading Elections have consequences: Megan McArdle edition.
