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The Stimulus Tragedy
The New Editor —
From a Wall Street Journal editorial:
Everyone agrees that some kind of fiscal stimulus might help the economy, and that running budget deficits is appropriate in a recession. The stage was thus set for the popular President to forge a bipartisan consensus that combined ideas from both parties. A major cut in the corporate tax favored by Republicans could have been added to Democratic public works spending for a quick political triumph that might have done at least some economic good.
Instead, Mr. Obama chose to let House Democrats write the ...
Sunday links
Maggie's Farm —
... of it this way: we're going to borrow and spend almost one Russia, or one India. We could buy South Korea or Mexico. We could have our own continent by purchasing Australia and all their handsome actors and actresses. We could have Belgium, Sweden, and still have some pocket change left over for Greece. We could have five Hong Kongs.
Job loss: Men hardest hit!
The stimulus tragedy. WSJ
Via Gateway:
MICHAEL GREENSPAN ON ...
Three succinct paragraphs that pulverize the essence of the Obama plan
Hyscience —
FinkleBlog points to three kernels of wisdom contained in a WSJ editorial entitled "The Stimulus Tragedy." Here they are: Mr. Obama is now endorsing a sort of reductionist Keynesianism that argues that any government spending is an economic stimulus. This is so manifestly false that we doubt Mr. Obama really believes it. He has to know that it matters what the government spends the money on, as well as how it is financed. A dollar doled out in jobless benefits may well be spent by the worker who receives it. That $1 of spending will ...
Obama's Failed and Tired Ideas From the Past
The American Spectator —
... produced by increased government spending, deficits, and debt? I don't think so. The American people don't either. But Barack Obama thinks it is so obvious it's funny. Speaking before a laughing House Democrat Caucus last week, he said, "So then you get the argument, well, this is not a stimulus bill, this is a spending bill. What do you think a stimulus is? [HaHa]. That's the whole point. [HaHa]. No, seriously. That's the whole point. [HaHaHa]." As the Wall Street Journal said over the weekend: So there it is: Mr. Obama is now endorsing a sort of reductionist ...
What Do You Think A Stimulus Is? It’s Spending, That’s The Whole Point! Seriously
Pirate's Cove —
... Remember when Obama said that in front of his little grasshoppers, er, House Democrats, during a speechin Williamsburg in early February? Remember when Obama and the Democrats were telling us that the Generational Theft Act had to be passed RIGHT NOW otherwise Bad Things would happen, that the economy would never recover, so no one had any time to read it, but, we have to pass it now. Umm, er, ah, ...
What Do You Think A Stimulus Is? It’s Spending, That’s The Whole Point! Seriously
Stop The ACLU —
... Posted on May 13, 2009 Remember when Obama said that in front of his little grasshoppers, er, House Democrats, during a speech in Williamsburg in early February? Remember when Obama and the Democrats were telling us that the Generational Theft Act had to be passed RIGHT NOW otherwise Bad Things would happen, that the economy would never recover, so no one had any time to read it, but, we have to pass it now. Umm, er, ah, ...
What Do You Think A Stimulus Is? It's Spending, That's The Whole Point! Seriously
Right Wing News —
Remember when Obama said that in front of his little grasshoppers, er, House Democrats, during a speech in Williamsburg in early February? Remember when Obama and the Democrats were telling us that the Generational Theft Act had to be passed RIGHT NOW otherwise Bad Things would happen, that the economy would never recover, so no one had any time to read it, but, we have to pass it now. Umm, er, ah, ...
