Word: john
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...Treasury is also active in ways it wasn't during the Depression. Back then, conventional wisdom held that the government should try to run a balanced budget in a crisis, even if that meant cutting welfare spending and raising taxes. A generation of economists inspired by John Maynard Keynes taught us that this is precisely the wrong thing to do. Government deficits in a recession are good, the Keynesians argued, because they stimulate demand. The Bush Administration, which ran substantial deficits in the boom years, looks set to run an even larger deficit...
...Where has the government been? Remember Ronald Reagan's mantra: Regulation is bad. The Reagan, Bush I and Bush II administrations believed in three main things: deregulation, tax cuts that provide little relief for most Americans and government subsidies for huge corporations. John McCain now has a "comprehensive" plan for the economy that begins with firing the chairman of the Securities and Exchange Commission. Yet in September his initial response to this crisis was, once again, to make the Bush tax cuts permanent and to increase Federal Government support for corporate America. Maybe McCain hasn't noticed, but this...
...Campaign I couldn't help noticing the democratic slant to Joe Klein's article on John McCain's campaign of lies [Sept. 29]. In the same issue, a two-page chart showed a good many half truths and lies credited to the Democrats too. Seems to me that Barack Obama and Joe Biden did as well or better when it came to distorting the facts. Dick Riddle, Tonasket, Washington...
...could have gotten there today had it not been for the partisan speech that the Speaker gave on the floor of the House.' House minority leader JOHN BOEHNER, accusing Nancy Pelosi of diminishing Republican support for the $700 billion bailout plan...
...Things are too serious for that. But there is a palpable sense that the financial crisis, and Washington's stumbling reaction to it, represents a defining moment. The days when the U.S. could lecture other nations on the correct way to run their affairs are gone. The British philosopher John Gray put the case at its starkest in the Observer: "The era of American global leadership, reaching back to the Second World War," Gray wrote, "is over...