200 Economists Against Stimulus Sign Ad Running In New York Times and Washington Post
January 27, 2009 3 Comments
200 economists have signed an ad placed in the New York Times and the Washington Post, publicly opposing the stimulus package being promoted by President Barack Obama. The ad is paid for by the CATO Institute.
The text of the ad reads as follows:
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 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. To improve the economy, policy makers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth.


WSRP BLOG
No matter what the economist say, Cyrus O’bama won’t listen anyway. See Cyrus was elected because he is black and white. He is serving two racial groups. Although, I think he may listen better than the hard headed Bush cronies listened! I will hold out hope for Cyrus. So are the Irish !
ECONOMISTS KNOW THE TRUTH…!!!!
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