Opposing 'Stimulus' -- Hundreds of Economists Sign on to Cato Institute Ad

http://www.cato.org/fiscalreality

There is plenty of disagreement on whether a big-government stimulus project is the best way to bring the United States out of recession. The Cato Institute purchased a full-page ad in major newspapers across the country listing the names of several hundred economists who object to massive deficit spending as an economic stimulus. Cato scholars and ad signatories have made their case on television since the spending program was proposed.

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• cato
• stimulus
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• legislation
• obama
• congress
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• bailout
• keynes
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• libertarian

[alfalfa31]

Dude, you know nothing about The Cato Institute. No one should pay a tax on his earnings. Read a book before you spout.

The libertarian principle is simple. If it doesn't deprive me or anyone else of life, liberty or property, I don't care about it. If everybody adopted that stance, there would be far fewer entitlement minded idiots.

[BasicEconomics]

Keynesian "Pump priming" or so called "Stimulus Packages" Failed in Japan in the 90s and now the debt is 170% of GDP. In 2007 the US Debt was 60% of GDP, and by the time Obama is done it will be over 200% of GDP

[FletchforFreedom]

@IAmKr1gg3r The alternative (obviously) is to LET THE MARKET WORK. It is the government intervention that has prevented recovery long before this.

[IAmKr1gg3r]

I like how this video is just a bunch of cuts talking shit about the stimulus package, but offers no alternatives. Great stuff.

[AndroidPolitician]

This is a joke right? Two surveys of economists found that most economists thought the stimulus reduced unemployment (along with a similar petition with hundreds of economists for the stimulus)

But what did the stimulus actually do? Studies have shown that crowding out did not happen and unemployment went down both nationally, and states that got the most stimulus funds per capita had the best job growth.

[MooseOfReason]

If we did these things -- cut spending, cut taxes -- we would be out of this recession and we would see economic growth.

[vince33x]

@100CommonCents The problem w/ur analysis is that it is INVESTING that creates wealth. We shouldn't acre about job creation because that's stupid: Please name for me any Private Enterprise created for the purpose of "creating jobs." Job creation is an ancillary aspect of creating or expanding an enterprise - unless it is a government enterprise, which is why allowing gov't to do a lot is stupid because they do things so inefficiently. I think ur saying the same thing I am but w/less clarity.

[vince33x]

@UBSCARED You're a LIAR! from 2003 to 2008 NPPTTL INCREASED from 107.6 MILLION to 114.5 MILLION, a 6.4% increase in the number employed. Learn how to read statistics you nitwit.

[100CommonCents]

the government has to spend money to create jobs. that money comes from tax payers. those tax payers would have otherwise spent that money. that spending would have created jobs. (yes, printed money also is taking from tax payers)

so the question really is, who spends money better? the government who has 1000s of lobbyists, backed by corporations, begging for a share of the pie?

or the individual who has complete rights over what their own money on?

[100CommonCents]

@UBSCARED you a complete idiot.

the government has to spend money to create jobs. that money comes from tax payers. those tax payers would have otherwise spent that money. that spending would have created jobs. (yes, printed money also is taking from tax payers)

so the question really is, who spends money better? the government who has 1000s of lobbyists, backed by corporations, begging for a share of the pie?

or the individual who has complete rights over what their own money on?

[MrKiromunist]

Wow, they say that the "stimulus plan" in the 1930's didn't work on US television ? Behead the blasphemous witch !!!