The Fog of War  

Posted by Mr. Ellsworth Toohey

I am imposing a one week moratorium on Stimulus Bill posts. It is getting a bit stale. But before we stop, here is the last word on it for the next week . . . . . . .. .

Today's WaPo:

Actually, what's striking is that supposedly intelligent people are horrified at the thought that, during a deep recession, government might try to help the economy by buying up-to-date equipment for the people who protect us from epidemics and infectious diseases, by hiring people to repair environmental damage on federal lands and by contracting with private companies to make federal buildings more energy-efficient.

This entry was posted on Friday, February 6, 2009 at Friday, February 06, 2009 . You can follow any responses to this entry through the comments feed .

4 comments

Anonymous  

I don't know about the rest of your readers, but I enjoy the Stimulus Package posts. It's more information than we get from The Phoenix

February 6, 2009 at 9:11 AM
Anonymous  

"President Obama's economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday.

CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing."

-- Washington Times, Feb 4, 2009

February 6, 2009 at 11:50 AM
Mr. Ellsworth Toohey  

COME ON!!!!!!!!!!!!!!! You bring the Washington Times to the table. Rev. Sun Yung Moon's baby. I thought CATO was a bad source. I bring Paul Krugman, the reigning Nobel prize winner for economics, to the table.

February 6, 2009 at 4:07 PM
Mr. Ellsworth Toohey  

An another thing. Check out the NPR's Planet Money's podcast for yesterday (or at least the most recent). They talk with a Penn professor that was an economist for the CBO. It is pretty interesting. He talks a bit about the massive amount of debt we are about to take on. Check it out.

February 6, 2009 at 4:10 PM

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