Well, not entirely. Ed Morrissey has some thoughts.
This is what happens when you put in place either economic incompetents, people who actively want to wreck the economy for their own political ends, or both. There are, after all, people who would rather rule in Hell than serve in Heaven.
[Update a few minutes later]
John Kerry was extolling the stimulus effects of unemployment benefits, as in more money returns to the economy for each dollar paid out to the unemployed. If so, why not simply put us all on unemployment benefits and watch the economy grow?
Or perhaps Kerry could advocate a national boat sales tax to collect the sort of revenue that he so carefully had tried to avoid. Or perhaps he might look carefully at zillionaire family trusts and the billions they divert from the strapped federal Treasury. Or perhaps he could take away the tax deductions on third or fourth homes above a certain square footage, maybe ending the deduction for property taxes on multiple homes?
My point? Why do Democrats always go after the orthodontist, electrical contractor, or insurance agency owner, and never the Buffetts, Kerrys, or Gateses? Bill Gates and Warren Buffett will defer more money from the federal Treasury by avoiding inheritance taxes (to channel their profits into their foundations) than all the billions lost this year by keeping tax cuts for small businesses.
Part of the problem is that these new aristocrats aren’t really liberals.