The Economy Is a Disaster

We Should Fix It

Dean Baker, Truthout: "The unemployment rate is 10 percent and almost certain to rise further in the months ahead. This is truly a disaster. If anyone questions whether 10 percent unemployment is a big deal, consider that the first stimulus to boost the economy was passed in February of 2008 when the unemployment rate was 4.8 percent."

//www.truthout.org/the-economy-is-a-disaster-we-should-fix-it56176

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Why did the “stimulus” fail to help the economy?

Foundation for Economic Education
by William L. Anderson

01/20/10

When Congress was debating President Obama’s proposed ’stimulus’ last year, two of the watchwords for the near-trillion-dollar boondoggle were ‘jobs’ and ’shovel-ready.’ Now, given what comes out of Washington, one needs a shovel to clean up the muck, and I appreciate the politicians and the media telling us we needed to have our shovels ready...

//tinyurl.com/y87pepe



Forgive us our deficits

Acton Institute
by Samuel Gregg

01/19/10

As 2010 unfolds, many countries are confronting a public deficit crisis of disturbing proportions. Since 2008, countless politicians have underscored that a cavalier attitude to debt on the part of Main St. and Wall St. contributed significantly to the recent financial crisis. It’s therefore ironic to observe these contemporary preachers of thrift plunging developed economies into an abyss of public liabilities. In 2009, for example, the Obama Administration spent more money on new programs in nine months than the Clinton Administration did in eight years, thereby increasing America’s annual deficit to $1.4 trillion...

//tinyurl.com/ycqx6b6


Informant: Thomas L. Knapp


//freepage.twoday.net/search?q=Obama
//freepage.twoday.net/search?q=deficit
//freepage.twoday.net/search?q=unemploy
//freepage.twoday.net/search?q=Dean+Baker
//freepage.twoday.net/search?q=William+L.+Anderson
//freepage.twoday.net/search?q=Samuel+Gregg

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