Missed this yesterday, but the Cato Institute took out some ads in papers across the country basically calling Obama a liar:
“There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy.”
— PRESIDENT-ELECT BARACK OBAMA, JANUARY 9 , 2009With all due respect Mr. President, that is not true.
Notwithstanding reports that all economists are now Keynesians and that we all support a big increase in the burden of government, we do not believe that more government spending is a way to improve economic performance. More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan’s “lost decade” in the 1990s. As such, it is a triumph of hope over experience to believe that more government spending will help the U.S. today. To improve the economy, policy makers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth.
The ad then lists 200 economists who signed onto the petition.
I guess it’s just too hard to ask the MSM to do it’s job and bring up the fact that there is not one instance where this kind of pork barrel stimulus ever solved a down economy?
Well, we know why they are not asking this. They are behind the President and the Democrats as they attempt to enlarge government and solidify their base by getting them more addicted to the handouts. This will ensure that they can dictate the direction of our society for many many years to come.
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