Hooverites

At Talking Points Memo, Josh Marshal discusses and article by Ed Kilgore regarding the Republicans' recent behaviour regarding actions to confront the credit crisis.

There's an interesting and I think important question here as to whether neo-Hooverite Republicans are pushing Hooverite policies for strictly economic reasons (creditors can do well in a deflationary economy), moral reasons (need a good hard recession to re-teach the poor moral values) or just because they're economic illiterates who just don't feel right echoing the calls of centrist and liberal economists.

Watching Senator Shelby's performance makes you wonder.