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February 11, 2009
Economists Respond to Obamanomics
On January 9, Chairman Zero proclaimed the following:
There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy.
Economists have responded:
With all due respect Mr. President, that is not true.
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.
The list of economists signing the above statement is impressive. The next stimulus package had better include some variation of the Fairness Doctrine to shut these people up.
On a tip from The MaryHunter.
Posted by Van Helsing at February 11, 2009 11:48 AM
Comments
More money the demacraps are flushing down the congressional toilets of waste i hope after four years everybody is comptetly fed up with obama and the demacreeps
Posted by: Spurwing Plover at February 11, 2009 12:21 PM
Rush went on and on today about how it's actually an advantage that the Dems are growing the government with all this spending etc etc, so that when Conservatives FINALLY take control again, we will have vast means and greater power to train on the Dems and their cronies to get some payback for this travesty their cramming up our collective arses.
Sounds great, but I'm not holding my breath.
Posted by: The MaryHunter at February 11, 2009 1:03 PM
Obama is going to spend us right into something must worse than the "Great Depression." Between the Congress and Obama, they are going to bankrupt the nation before future generations get the bill.
The list of economist is nice. Too bad Obama is too arrogant notice.
Posted by: Franklins Locke at February 11, 2009 2:03 PM
This is the same pattern as we see with scientists who say that global warming is not primarily due to man's effect on the environment. These ever increasing numbers of scientists don't exist or are simply not credible. Now the economists don't exist and are not credible.
When the wolf is chewing on their butts they will say that it isn't credible and can't exist, therefore nothing can be eating them. It is some kind of "I don't think, I don't hear, I don't see. Therefore I am." reverse philosophy. I think you have to have some kind of brain defect for this to make sense.
Posted by: SnowSnake at February 11, 2009 2:27 PM
The Obamessiah is picking up the Goracle's lingo in citing nonexistent and irrelevant consensus for his socialist-policy pseudoscience.
Posted by: BURNING HOT at February 11, 2009 8:41 PM
I'm fed up with him right now.
Posted by: ahem at February 12, 2009 6:02 AM
Reminds me of the stupid ad where that idiot who flushes all his wifes stuff down the toilet and is flushing dog food down it when his wife walks in THEN MAKE THE JERK PAY THE PLUMBERS BILL
Posted by: Spurwing Plover at February 12, 2009 8:14 PM
OK, dear Con Einsteins: Question 1 - you and yours were in charge for the last 8 years. Remind me again, how did we end up in this mess? Question 2: what are YOU proposing to do? Tax cuts? Didn't Bush do that? See question 1.
IDIOTS!
Posted by: Proud Liberal at February 15, 2009 5:21 PM
