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Tuesday, January 27, 2009

Stimulus: Good For Government, Bad For the Economy

This video by Dan Mitchell on the stimulus offers a quick primer on the "stimulus" package, and why government spending will fail - and why previous expansions of government spending/"stimulus" spending (Truman, FDR, and George W Bush) failed to grow the economy.

My commentary for today makes the same point, but using Pennsylvania spending under Rendell as the case study.  Heritage provide a quick Stimulus 101.

ALEC has a page of resources against the Federal Bailout of the States and NTU has an Action Page

1 comment:

bobguzzardi said...

Dan Mitchell is terrifc and the graphs are most helpful. Your headline "Stimulus Good for Government;bad for economy" is perfect.