Keynesian

Republicans on Capitol Hill say the sequester wouldn't cost jobs. Republican governors aren't able to be so bold. Especially not the GOP governor of Virginia.

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Republicans have worked themselves into quite a state of giddiness over comments by Bill Clinton (last night) and Larry Summers (this morning) that seem to favor extending all the Bush tax cuts when they expire on January 1. As Mitch McConnell told reporters today, “Bill Clinton’s remarks, and then Larry Summers remarks—it’s pretty obvious that the economy needs the certainty of the extension of the current tax rates for at least a year.”  Uh, no, it’s not. Even if you take literally Clinton’s and Summers’s imprecise musings, it’s hard to see how you get from their statements to McConnell’s.

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