Tuesday, February 10, 2009

Capitulation to folly is not Compromise

The problem with this outlook is that basic principles can’t be compromised. If you catch a burglar in your home, you don’t negotiate over how much silverware he may take. That wouldn’t be a compromise.

The same with the “stimulus” bill. The Obama administration wants a bill to authorize the executive branch to borrow $827 billion, ostensibly to create jobs through a variety of spending programs intended to compensate for our lack of private consumption spending.

If you know nothing about economics, you may see this as something to compromise about. Perhaps the total cost could be lowered or some of the program modified. Unfortunately, this is the official Republican position.

But that wouldn’t be a compromise. That would be a capitulation to folly. You need to know some economics to understand this.