WashPost Econ Columnist SHREDS Dems & Media for ‘Free Lunch’ Agenda

NewsBusters ^ | 3/9/2021 | Joseph Vazquez

[JV3MRC]

Outgoing Washington Post economic columnist Steven Pearlstein spent his last column ripping apart the utopian borrow and spend fantasies of Democrats and the liberal media.

Pearlstein’s column, headlined “In Democrats’ progressive paradise, borrowing is free, spending pays for itself, and interest rates never rise,” was incredibly blunt: “Welcome, fellow Americans, to the era of the free lunch.” As Pearlstein told it, “To hear it from liberal economists, progressive activists and Democratic politicians, there is no longer any limit to how much money government can borrow and spend and print.”

Pearlstein said it was “disappointing” that Democrats embraced “intellectual dishonesty” and the “same all-or-nothing strategy” that he claimed Republicans were guilty of. “But,” said Pearlstein, “what is equally disappointing is the performance [of] my colleagues in the media.” He continued: “Rare is the story these days that does not highlight how ‘progressives’ feel about an issue, with nary a mention of what moderates or business leaders have to say."

[Gay State Conservative]

Outgoing? Gee,one would think that Bezos has a hidden agenda.

[cgbg]

Venezuela has proven that the “progressive” agenda works—everyone in the country is now a millionaire!:

https://www.zerohedge.com/geopolitical/venezuela-issues-million-dollar-bill-worth-50-cents-amid-hyperinflation

Forward comrades!

Unity!

[NohSpinZone]

Thank you American electorate, you schumcks! Those “Republicans” in Georgia who sat out because Orange Man Bad, I hope you’re happy with yourselves.

[Boogieman]

The fact that politicians on both the left and right think they can print money and keep deficit spending forever with no consequence should be enough to clue anyone in that it’s a bad idea.

I mean, most ideas politicians have are pretty bad, but when you get every politician agreeing on an idea, it has to be REALLY bad.

[bitt]

P

[HotHunt]

Somehow, I don't believe this is the first time Pearlstein has seen the light about deficit spending.

He probably spent his career at the Washington Compost pushing the idea for the democRATS and now that he is "outgoing", he wants to get right with his conscious before leaving.

[GOPJ]

We have entered a magical world where borrowing is costless, spending pays for itself, stocks only rise and the dollar never falls. In this economic paradise, government mandarins can fine-tune the economy to prevent inflation and unemployment, while economic, racial, environmental and social justice can be achieved without any painful trade-offs.

I'm amazed anyone with this level of understanding could write for a paper like the Washington Post... a paper that wallows in delusions..

[Josa]

Re Georgia. Bigger turnout in Jan run off wouldn’t have mattered. They stole it in Nov. They would have stolen it in January