"Norm Coleman’s ‘solution’ to the economic crisis? The Hoover agenda."
A new campaign ad from Sen. Norm Coleman (R-MN) titled “Solutions” says that Coleman’s “plan” to tackle the economic crisis includes a proposal to “balance the budget in 5 years.” Watch it:
With his balanced budget pledge, which would require the most severe spending cuts, Coleman has adopted the neo-Hooverism agenda. As Nobel Prize-winning economist Paul Krugman explained today, “What we need right now is more government spending,” including investment in unemployment benefits, mortgage restructuring, emergency aid to states, and infrastructure.
In the ad, Coleman says he supports “freezing congressional pay,” But last month, he “said public servants, including members of Congress, deserve a reasonable pay raise but not special treatment.”