The GOP's Plan for Economic Recovery: Do Nothing

Republicans are opposed to more fiscal stimulus and now Rep. Paul Ryan is criticizing the Fed's planned monetary stimulus. So what can the GOP do?

Let's stop and absorb the full meaning of Paul Ryan's negative comments about the Fed's plan to create $600 billion more money.

Republicans are agreed in opposing more fiscal stimulus.

Now the leading intellectual in the new House majority has declared his opposition to monetary stimulus.

So what do we do?

Austerity? Budget cutting? But John Boehner says that one of his top agenda items is to force a vote to restore $500 billion in Medicare "cuts" (what Republicans used to call restraints on future growth). So we're not doing austerity either.

Things will get better on their own eventually I suppose ... but eventually feels a lot longer if you are one of the unemployed. Of course the changeover in Congress means a big reduction in unemployment among Washington Republicans, now that K Street is hiring them again.