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The Best Thing

Economist David R. Henderson (no relation) writing in Forbes a month ago had this to say:

The best thing the federal government could do now is avoid the phony Obama tax cut and not increase spending at all. It's time for the Senate Republicans to step up.

Of course the opposite has been done, but that does not change the fact that, as pointed out in the article, even Obama's own economist has argued that the economics of tax cuts supports the position opposite of the current government action.  Even when the best thing to do, according to economists on both sides, is nothing; politics wins - American taxpayers lose.


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