The policy problem with the Obama Administration's silly political gimmick - the spending freeze - is that it basically accepts the idea that there is an immediate need to cut government spending when in fact there still remains an urgent need to increase government spending to spur our stagnant economy. If we were to treat the proposal seriously, and the Village will, then the Obama administration has completely undermined the chances for effective policy to address our economic woes. Mark Thoma writes:
[This] political trick [is] likely to backfire. How will this look, for example, if there's a double dip recession, or if unemployment follows the dismal path that the administration itself has forecast?
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