Obama Stimulus: Good For Government, Bad For Economy

Stimulating government, and Democrat interest groups, not the economy.




Dan Mitchell of the Cato Institute explains why the Obama stimulus is bad for the overall economy.

Here is his first installment on Keynesian economics.

Hundreds of Economists Call Obama a Liar in Ad

They say that government spending is not beneficial to the economy and that lowering governments burden on taxpayers is a better route. You can read the full text at the Cato Institute.

President Obama says that "economists from across the political spectrum agree" on the need for massive government spending to stimulate the economy. In fact, many economists disagree. Hundreds of them, including Nobel laureates and other prominent scholars, have signed a statement that the Cato Institute has placed in major newspapers across the United States.