The big DC drumbeat right now is against "spending." They claim that government spending caused the crisis, ignoring and passing the buck on everything that actually caused it, especially their deregulation and their lack of oversight. They blame government for everything, so why should this be different.
Along these lines they claim that the stimulus didn't work, or even that spending made the problem worse, because there are still people out of work. But look at the following chart the right side of the chart shows the effect of the stimulus. (Source, Jed Lewison and Karina Newton)
See the full Dave Johnson Blog Article
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