Mr Gregg also disputed non-partisan economic studies that showed last year's $787bn (€585bn, £520bn) stimulus cushioned the impact of the recession. "The facts are wrong," he said. "I can understand how a Keynesian would make that argument. I find them absurd on their face."
HAHAHA. Gold medal. Suck it, South Korea.
Even devoted Friedmanist follower of Milton Friedman Milton Friedman wouldn't make this argument. He preferred monetary policy to ward off recession, but when monetary policy was exhausted agreed that government spending and tax cuts could be effective, but that tax cuts were better because governments have cooties. Fine, but still.
Gregg then goes on to argue that George Bush's tax cuts "were actually paying for themselves" as Edward Luce develops several aneurysms trying to explain how 1) they actually didn't, and 2) Gregg's logic would at least lend weight to the idea that government spending could in fact blunt a recession. Watch the hardcore action! Or don't, because Edward Luce sounds like a British Harvey Fierstein, only gayer.
Haha, Judd Gregg hates the biggest fact of all: America.