Tuesday, March 10, 2009

t\The president needs a new economic adviser

We have spent $787 billion on a stimulus plan. President Obama ridiculed opponents whom he said wanted to “do nothing.” Now, Republican officials never actually took that position, but some economists and pundits did. Their argument was simple: stimulus plans of this type are rarely timed well enough to do much good, and the added spending will be hard to reverse while the additional debt will slow growth in the long term.

Yes Indeed, the president needs a new economic adviser.

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