South By North Strategies, Ltd.

Naked Capitalism points out that the adoption of “weak and ineffective” public policies is not harmless.

Earth to base: implementing weak and ineffective polices DOES have a cost, which is that it takes political capital and keeps a bad status quo intact. Remedies of this sort then lead to “well we need to see how this works” arguments that then delay more effective measures from being implemented Even worse, they also serve to feed the false perception that nothing will work. Notice how the stimulus program at the beginning of the Obama administration, which pretty much every reputable economist said was too small to do much, is now being used to argue that stimulus doesn’t work? Yet another at best not-very-effective housing market remedy will serve to cement beliefs that government intervention won’t work, when that is the only possible route out of a massive private market failure.
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So yes, there are plenty of reasons not to act for the mere sake of acting. But that logic doesn’t register with the defenders of this Administration, it seems.