Friday, January 30, 2009

Not Everyone Thinks the "Stimulus" Bill Will Work

The President and the news media keep saying that everyone agrees on the need for the government to spend massive amounts of taxpayer money to "stimulate" the economy.

In fact, many economists and others disagree.

Hundreds of prominent economists have signed a statement to the effect that more government spending is not the answer. History buffs also note that government spending did not get us out of the Great Depression and did not help Japan with their economic woes in the 1990's.


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