US 'Economic Stimulus' Budget Review

[Lemur]

[D]o you really want to continue the NR debate, even though you keep telling me to drop it (though you're the one that brought it up).

I'm sorry, when did I tell you to drop it?

And as for the Economist, they advocate free-trade and globalization (things I agree with), but they also take some pretty strong stance on the need for central banks, controling currencies and interfering in functioning markets (things I don't) . In other words, they take an editorial stance.

Most publications take some sort of editorial stance. As another poster pointed out, it's a question of degree. Do you see any functional difference between The Economist and National Review? (I'm assuming you're read enough of both to offer an informed opinion.)

I thought your point about "homeowners' ability to live with the mortgages they currently have" was very astute. I have wondered about that myself; why do you read and hear about banks (a) jacking up interest to unpayable levels, (b) refusing to negotiate with the homeowner, and then (c) foreclosing? It makes no economic sense on any level. Obviously, people who bought more property than they could handle will have to lose their homes, and that sucks, but what about people who get the (a) (b) (c) treatment? Would a mere $30 billion in the FDIC have stopped that bleeding, as Graham proposed?

-edit-

You said the NRO editors are good at what they do in a tongue-in-cheek sense. You had just gotten done saying they're an advocacy machine for the Republican party, and then you say "and they're very good at it".

Forgot to address this. Why do you declare that I'm being tongue-in-cheek or sarcastic? I think they are very good at what they do. And they make no bones about being a partisan organ. A memorable quote from the election season past: "Obama's the enemy — a far-left Democrat. We should be attacking him at every weak point. That's politics. A pro-Obama emailer whines to me that the Pastor Wright business is 'a Swift Boating of Obama.' Well, duh!"

Here's a not-terribly balanced post from today: "The economy began to collapse when the Democrats captured the House and Senate and we then knew that the lower tax rates on individuals, capital gains, and dividends would end after 2010. We are in the early stages of the Reid/Obama/Pelosi recession and nothing they are even talking about doing will help."

Do these strike you as the sorts of things you would read in Newsweek, The Economist or any mainstream news magazine?