But Republicans have a competing argument. Instead of saving us from a Greater Depression, the Obama stimulus (together with his health-care plan and financial reforms) was a two-year waste of precious time and money that may actually have impeded economic growth.
[. . .]
To be sure, the economic disaster that led to the longest recession the United States has ever suffered was something Obama inherited, but there is no question everyone (on all sides of the aisle) believed that natural cyclical forces would have led to recovery long before now. Natural cyclical forces were not given a chance to work themselves out.
And now the president proposes . . . more of the same. Ta da!
