The stimulus bill is the most economically liberal legislation in decades
Nicholas Lemann writes: Traditionally, every new Democratic President starts out by passing a big economic package (and every new Republican President starts out by passing a tax cut). Jimmy Carter’s, in 1977, cost twenty billion dollars. Bill Clinton’s, in 1993, was mainly a tax increase, aimed at eliminating the federal deficit. Barack Obama’s, in 2009, which passed during the worst economic crisis since the Great Depression, cost eight hundred billion, some of it spending increases, some tax relief. The American…