More economists oppose bailout
An impressive cadre of academic economists contradict Obama’s claim that everyone agrees we need a bailout.
The Rough Draft of the First Draft of History
An impressive cadre of academic economists contradict Obama’s claim that everyone agrees we need a bailout.
Add to that cadre of economists all the Republicans in the U.S. House of Representatives plus eleven Democrats as well. Of course, this won’t be the last vote on the matter since the U.S. Senate is working on its own stimulus bill.
Japan tried to “spend” its way out of economic doldrums in the 1990s. It didn’t work for them. They finally cut taxes and the “fix was in!” John Kennedy and Ronald Reagan did the same during economic downturns. And it appears the same tactic worked for George Bush during his first term. So if history gives any insight into this mess, I’ll go for tax cuts not unrestrained government spending.
Since economics are nothing more than cloaked ideology, it should come as no surprise that there are as many views on stimulus are there are economists.
Mark T: “…economics are nothing more than cloaked ideology…” This comment is priceless and so revealing. Explains much of your reasoning on so many issues: established a desired result, cherrypick facts and data, then spin in a rhetorical mix-master. It’s no wonder Dave Budge took you to the woodshed when you attempted to argue economics.