In this week’s National Journal poll of leading political bloggers, the Left and Right have similar views on how much longer the recession will continue. A plurality expect 13-23 months. Zero expect less than six months. About a quarter expect 7-12 months, and about a third expect 24 months or longer. I was in the latter group, and wrote, “Like FDR/Hoover, Obama is pursuing policies that may deepen and extend the economic problem in the long run.”
Would it be good if Republicans supported the “stimulus”? Left bloggers were evenly split, whereas Right bloggers unanimously said “no.” I voted No, “For the same reason it would be desirable not to have significant Democratic support: borrowing an extra trillion dollars a year and spending much of it on pork is a continuation of the reckless borrowing and irresponsible spending (at both the federal and the personal level) that got us into this mess in the first place.”