Matt Yglesias

Oct 22nd, 2008 at 10:43 am

Chambliss Doubles-Down on Neo-Hooverism

225px_herbert_hoover.jpg

Saxby Chambliss makes his clearest statement yet in favor of a neo-Hooverite approach to the economic downturn, positioning himself to the right of Ben Bernanke:

Dustin asked him if he supports Federal Reserve Chairman Ben Bernake’s call for a second stimulus package.

“Should we attach more debt to the current deficit for our children and grandchildren to pay, without knowing its going to help?,” Chambliss responded. “I think if I had to say today, I don’t think that’s a package I could support.”

Far better to let our children and grandchildren grow up amidst an endless depression is, I suppose, his take.

Filed under: Chambliss, Economy,





18 Responses to “Chambliss Doubles-Down on Neo-Hooverism”

  1. max Says:

    Where has this asshole been when we’ve been going into massive debt because of Iraq?

    max
    ['Does he really just hate Americans?']

  2. DTM Says:

    These are the guys who seem to really believe you can cut taxes indefinitely and increase revenues as a result (I assume a 0% tax rate would mean a perpetual motion machine magically appears in every government office). So it doesn’t surprise me that they don’t understand the rationale for the stimulus, even with “Helicopter Ben” himself telling them that monetary policy has reached its limits.

  3. Glaivester Says:

    Far better to let our children and grandchildren grow up amidst an endless depression is, I suppose, his take.

    That statement only makes sense if Chambliss believes that the economic stimulus package will prevent said depression. If he believes that it doesn’t, then his position makes sense.

    I think that his position on the stimulus is a wise and responsible one. Too bad he wasn’t this wise and responsible when it came to Iraq.

    Isn’t there anyone who is consistently fiscally responsible?

    Oh, yeah! Ron Paul.

  4. Jeff H. Says:

    Do you really think there’s a strong likelihood of an endless depression if the government doesn’t engage in deficit spending?

  5. eRobin Says:

    Neo-Hooverism would be such a great label for thinking like Chambliss’ if more people would get what it means.

  6. Neil the Ethical Werewolf Says:

    Being tight with money is a bit of a problem for Chambliss. For example, he didn’t buy the domain name saxby-chambliss.com.

    So I bought it! And look what I made!

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