As Robert Stacy McCain likes to say, “It won’t work” — “It” being Obama’s mad Keynesian dash to spend as much taxpayer money as possible converting GM and Chrysler into the auto industry’s version of Amtrak; and floating as much cash, bonds and Treasury notes as possible on a whole smorgasbord of additional pork barrel spending. Jennifer Rubin adds that it’s time to pay the piper (or at least it will be in 2010): “Republicans are about ready to move from being the party of ‘no’ to the party of ‘I told you so.'”
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