Republicans Exposed as Fiscal Idiots: McCain, Shelby Display Total Ignorance of Banking. Boehner Wants to Freeze Spending. Doh!

David Shuster's guest, Paul Krugman, corrects two senators who should know better, John McCain and Richard Shelby. Krugman's answer to Rep. John Boehner's proposal, a budgetary spending freeze, brings clarity to the insane Republican myth that they are fiscally responsible in any way. "It's astonishing, it's as if the last eighty years of economic thought have just passed him by."