MARTIN FELDSTEIN: STILL AN IDIOT

Supply-side idiotarian Prof. Feldstein doesn't understand that to increase consumer spending, we need to get money in the hands of people who will SPEND the money. There's no sense giving any to the top 1%.

As economy lags, what levers to pull?
Pressure is mounting for the US government to act soon to prevent a recession.

By Mark Trumbull Staff writer of The Christian Science Monitor
from the January 7, 2008 edition

Another idea, floated by Harvard University's Mr. Feldstein, is a uniform rebate for each US taxpayer.

THIS IS A BETTER IDEA:

Chad Stone, chief economist at the left-leaning Center on Budget and Policy Priorities, says any stimulus package should be carefully targeted to bolster consumer spending and help households most in need. Extending unemployment insurance and expanding food-stamp aid are two examples, he says.