Check out this advertisement featuring many economists' response to President Obama's $850,000,000,000 stimulus package. FYI, Keynesian economic theory asserts that government spending will induce private sector growth. As the CATO Institute ad relates, this terrible economic idea put into action failed to bail out the U.S. during the Great Depression and Japan during the 1990s.
Call your Senators and Representative and tell them to vote NO on the second "stimulus" package. (202) 224-3121
Wednesday, January 28, 2009
Economists Respond to "Stimulus" Package - No Stimulus Package Blog
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