Tuesday, February 17, 2009

The Unstimulating Stimulus Bill

Duke University’s Mike Munger gives an economics lesson about the Obama/Pelosi/Reid spending bill in an interview published by the Pope Center.

It supports the little understood fact that politicians must always be doing something...anything, regardless of the consequences. In this case, what they will being doing more harm than good for the country.

They will, however, succeed in making more people dependent on the federal government, while removing people's free agency.

When Barack Obama said that there was "no disagreement" that the federal government needed to act to get the economy moving, he obviously had a very limited circle of advisers. This package flies in the face of all reasonable economic sense on the erroneous grounds that the federal government needs to do something.

I wish they would cut taxes, reduce spending and get out of the business of the free enterprise.

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