Opposing 'Stimulus' -- Hundreds of Economists Sign on to Cato Institute Ad
Submitted by Gmartine on Mon, 02/09/2009 - 21:19http://www.youtube.com/watch?v=hRkj5rgRtAs
http://www.cato.org/fiscalreality
"There is plenty of disagreement on whether a big-government stimulus project is the best way to bring the United States out of recession. The Cato Institute purchased a full-page ad in major newspapers across the country listing the names of several hundred economists who object to massive deficit spending as an economic stimulus. Cato scholars and ad signatories have made their case on television since the spending program was proposed."
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I'm glad that the Cato Institute ran the ad. However, I'm
reminded of that fact that over 1,000 economists petitioned President Hoover to reject the Smoot-Hawley tariff act because it would result in retaliatory foreign action against importing of U.S. manufactured goods. Hoover didn't listen then (exports to foreign economies plunged) and I have some pretty profound doubts about the Dalai oBama paying any real attention to the very basic, common sense message put forth by the Cato advertisement. Of course, I'd love to be proven wrong about the anointed one.
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"An economy built on fiat money is a society on its way to ashes."
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"An economy built on fiat money is a society on its way to ashes."
Good for Cato! And thanks for posting
the Toronto Sun article. It's good to know the circle of opposition to rabid governments is bigger than our efforts in America.
The others concerned
If the higher ups in other countries are so concerned..maybe they need to start banging doors down...doing what they have to do to force the birth certificate issues and lets get that evil sob outta office....DEPORT NOBAMA
Freedom is another way to God...A corrupt government is a straight way to hell.
I believe in Hope & Change..I Hope the government will Change
Spindale-Rutherford County-North Carolina
Gonna go through anyway.
You don't really think that our congresscritters are going to listen to the people do you? We're being hijacked yet again! C-Span reports.....
Senate Passes the $838B Stimulus Amendment
Today
With the votes of 3 GOP Senators, the Senate passed the $838+-billion dollar Collins/Nelson substitute amendment by 61 Yeas to 36 Nays. Sen. Majority Leader Harry Reid (D-NV) is calling for a final vote on H.R. 1 at 12pm ET, Tuesday.
I'm ready to "jump off a building" and I wish that Reid, Pelosi, Fwank, Schumer, Dodd and few others would "join me."
They are not alone!
European and Asian governments are deeply concerned that President Barack Obama's multi-trillion dollar economic rescue package may prove far worse than the sickness it is meant to cure.
Europeans are gravely concerned that Obama's spendfest eventually will ignite worldwide inflation, undermine the U.S. dollar and raise U.S. interest rates. Since the U.S. runs on borrowed money, any decline in the value of its currency will require higher interest rates to be paid to foreign investors to make up for their added risk.
The government should investigate all the bankers, realtors, money managers and financial alchemists who created the criminal bubble economy of debt. Bernie Madoff was not alone. Time for handcuffs, not golden handshakes.
The best way to stimulate the ailing economy is to cut taxes. Let people decide how to spend their money. Washington and Ottawa's plans for new bridges and day care centres will win votes, but won't revive the economy. Japan tried this and it failed.
Cut government spending, half the Pentagon's bloated budget (50% of world military spending when there are no regular military enemy forces left to fight.)
http://www.torontosun.com/comment/columnists/eric_margolis/2...
WOW!!
Great news! Very exciting developments.
AWESOME! Thanks for the
AWESOME! Thanks for the pose!