People taking a stand - the economic stimulus package
From
Gateway Pundit:
200 Top Economists Say "Stimulus" Bill Won't Work
200 top economic minds signed a national ad published in The New York Times and the Wall Street Journal against the trillion dollar spending binge proposed by democrats. The ad, sponsored by the Cato Institute, blasts the massive boondoggle that funds liberal projects under the guise of "stimulating" the economy.
The text of the advertisement:
"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 the undersigned 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.
That is followed by 200 names including three Nobel Prize winners.
The post also cites this report that
only 42% of the general public supports this legislation.
Posted by DaveH at January 31, 2009 12:20 PM