“Stimulus” package won’t jolt economy

Fox News
by John Lott, Jr.

01/29/08

There is a lot of hysteria about the economy. Politicians worried about a voter backlash want to show voters that they are willing to do something. Yet, the White House and Congressional proposal last week to send $100 billion in checks to Americans will not stimulate the economy, only waste taxpayers’ money. Instead of growing the economy as claimed, the expanded unemployment benefits being pushed by Senate Democrats will only shrink it. Sen. Hillary Clinton and other prominent politicians talk about us already being in a recession. Sunday’s New York Times editorialized about ‘the current slowdown.’ President Bush talks about heading off a slowdown and urges congress to pass legislation as quickly as possible...

http://www.foxnews.com/story/0,2933,326086,00.html


Informant: Thomas L. Knapp



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