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The False Promise Of Keynesian Stimulus
RedState: Conservative News and Community —
Some educational TV, courtesy of Dan Mitchell:
Mitchell makes a good point that is too often ignored: The Bush Administration was famous for its profligate spending ways. Why didn’t that produce the Keynesian multiplier effect that people like Paul Krugman promise us will come about if only we enact an economic rescue plan like the one that the Obama Administration is recommending? ...
Video: Stimulating government, not the economy
Hot Air » Top Picks —
Video: Stimulating government, not the economy posted at 9:24 am on January 27, 2009 by Ed Morrissey Send to a Friend | Share on Facebook | printer-friendly Dan Mitchell has another excellent video from the Center for Freedom and Prosperity explaining the folly of Barack Obama’s stimulus plan. He notes that the idea of increasing government spending is nothing new. In fact, the Bush administration expanded government spending at a rate unmatched over the last decade. If that stimulated the economy, why are we in the mess we’re in now? If government spending stimulated national economies, as Obama proposes, then “North Korea would be Nirvana,” Mitchell ...
Fiscal Stimulus: doubling down on disaster
The Next Right —
Dan Mitchell discusses the stimulus legislation.
At some point, our Leskonomics policy (free money!) of simply throwing more money at problems has to stop. But that would require two things:
Politically viable ideas for making more limited government electorally palatable. Right now, significant cuts to the major programs would get many supportive politicians voted out of office; that's not a good strategy for winning.
Leadership and charisma necessary to rally popular and political support for those policies.
Democrats don't seem ...
The False Promise Of Keynesian Stimulus
A Chequer-Board of Nights and Days —
Some educational TV, courtesy of Dan Mitchell : Mitchell makes a good point that is too often ignored: The Bush Administration was famous for its profligate spending ways. Why didn't that produce the Keynesian multiplier effect that people like Paul Krugman promise us will come about if only we enact an economic rescue plan like the one that the Obama Administration is recommending?
Cato Institute and 200 Economists Slam Obama’s “Fix” For The Economy
Flopping Aces —
Missed this yesterday, but the Cato Institute took out some ads in papers across the country basically calling Obama a liar:
“There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy.”
— 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 ...
Economy Shrinks
The Corner on National Review Online —
Friday, January 30, 2009 [image] Economy Shrinks [Dan Mitchell] Today's depressing GDP numbers surely will put more pressure on politicians to "do something." Unfortunately, the Democrats who promised "change" decided that the best response to the downturn is to give us more spending, debt, and meddling the very policies that helped put the economy in the tank in the first place. As I explain in this short video, why should we believe that more spending on education, housing, transportation, and health care will boost growth when Bush already increased spending for those programs by record amounts? The good news is that the economy eventually will recover, even if Democrats ...
ANOTHER ANTI-”STIMULUS” VIDEO:
Also, this one:
Getting warmer, but neither is enough o…
Instapundit —
ANOTHER ANTI-”STIMULUS” VIDEO:
Also, this one:
Getting warmer, but neither is enough of a personal attack on a member of Congress to really live up to Mickey’s suggestion.
...
Making America More Like France Won’t Lead to Prosperity
Pajamas Media —
Europe’s sclerotic economies should serve as a warning to President Obama about the perils of big government. [image] President Obama’s so-called stimulus is a dark cloud for the American economy. It will increase the burden of government spending by nearly $800 billion over a ten-year time period. At least that is what we are told. But if you include interest on all the additional debt, the cost will rise to more than $1 trillion. And if you realistically assume that the supposedly temporary spending increases will become permanent, then the cost climbs to around $3 trillion ...
