01-29-2009, 12:16 PM
So, another "stimulus" package is being passed as fast as possible. No surprise that a lot of the focus of the bill is growing government, not providing any stimulus at all. Any comments? I, of course, think the bailouts and stimulus have to stop. They want to pass it quickly before the economy starts to turn around so they can take credit for it.
At least the Cato Institute and hundreds of economists agree. But facts and educated opinions are irrelevant, the dems can say and do whatever the hell they want now.
<!-- m --><a class="postlink" href="http://www.cato.org/fiscalreality">http://www.cato.org/fiscalreality</a><!-- m -->
"There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy."
ÔÇö PRESIDENT-ELECT BARACK OBAMA, JANUARY 9 , 2009
With all due respect Mr. President, that is not true.
Notwithstanding reports that all economists are now Keynesians and that we all support a big increase in the burden of government, we do not believe that more government spending is a way to improve economic performance. More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan's "lost decade" in the 1990s. As such, it is a triumph of hope over experience to believe that more government spending will help the U.S. today. To improve the economy, policy makers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth.
At least the Cato Institute and hundreds of economists agree. But facts and educated opinions are irrelevant, the dems can say and do whatever the hell they want now.
<!-- m --><a class="postlink" href="http://www.cato.org/fiscalreality">http://www.cato.org/fiscalreality</a><!-- m -->
"There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy."
ÔÇö PRESIDENT-ELECT BARACK OBAMA, JANUARY 9 , 2009
With all due respect Mr. President, that is not true.
Notwithstanding reports that all economists are now Keynesians and that we all support a big increase in the burden of government, we do not believe that more government spending is a way to improve economic performance. More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan's "lost decade" in the 1990s. As such, it is a triumph of hope over experience to believe that more government spending will help the U.S. today. To improve the economy, policy makers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth.
The only thing that stops a bad guy with a van is a good guy with a van