Fortunes Even A Hack Can Tell
| Mike Sykuta |
A couple weeks ago, Brad DeLong included me in a list of ethics-free Republican hacks because I was among a number of economists who posted comments on Rep. John Boehner’s website critical of the proposed Democratic “stimulus plan.” To wit, I posted:
History has shown that the Obama team’s proposed ‘stimulus’ is not only going to have little to no effect in the short run, but will create a larger bureaucratic structure, lead to tremendous investments in unproductive political lobbying among ‘stimulus project’ wannabes, and dissuade/delay private investment, recovery and growth.
So imagine my surprise (or lack thereof) to see the headline article of today’s Wall Street Journal. The ink is not even dry on the legislative draft that Congress is expected to vote on sometime today, and lobbyists from stimulus project wannabes such as the concrete and asphalt industries are battling over how we should rebuild and repair roads and bridges; dairy and beef cattle producers are battling over talk of a government program to slaughter dairy cattle and increase milk prices. States are clamoring for bailouts. And the labor unions are singing on their way to the bank with plans for massive infrastructure spending.
In the spirit of Art Carden’s recent post, “Everything is proceeding precisely as I have foreseen.” Ethics-free hack or no.