Turnaround expert, economist sees stimulus making economy worse

Heartland Institute
by Steve Stanek

01/28/09

Garret blames the financial crisis largely on excessive spending and borrowing by government, financial institutions, and individuals. Because businesses, individuals, states, and local governments cannot legally print money, says Garret, ‘they’re stuck, and we’re bailing them out. This means our federal government is going to print money for those liabilities, and that will mean inflation in another year or two at levels we haven’t seen in a long, long time. Also, when government distributes money quickly, there’s usually a lot of money going to where it wasn’t intended. This wastes resources’...

//www.heartland.org/full.html?articleid=24622



Kitchen sinks? You betcha

FreedomWorks
by NSwift

01/28/09

Legislators have included everything they can think of that could require money in the ‘Stimulus’ plan. Maybe no specific kitchen sinks, but there are definitely kitchen appliances. The Wall Street Journal takes a good look at all the government growing, unnecessary, super-expensive, and non-productive waste in this bill. And, like Sowell yesterday, illustrates how the Left is taking advantage of this ‘crisis’ (market correction) to ram all their favorite projects down the throats of American taxpayers - and all, for nothing...

//tinyurl.com/awodd8


Informant: Thomas L. Knapp



//freepage.twoday.net/search?q=financial+crisis
//freepage.twoday.net/search?q=excessive+spending
//freepage.twoday.net/search?q=borrowing
//freepage.twoday.net/search?q=bailout
//freepage.twoday.net/search?q=stimulus
//freepage.twoday.net/search?q=taxpayer
//freepage.twoday.net/search?q=Steve+Stanek
//freepage.twoday.net/search?q=NSwift

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