Saturday, November 21, 2009

NOT QUITE THE CORRECT HEADLINE

This NY Times article tries to claim there is a consensus that the economic stimulus worked but it only mentions one confirmed conservative:
While some conservatives remain as skeptical as ever that big increases in government spending give the economy a jolt that is worth the cost, Martin Feldstein, a conservative Harvard economist who served in the Reagan administration, said the problem with the package was that some of its tax cuts and spending programs were of a variety that did little to spur the economy.

There should have been more direct federal spending that would have added to aggregate demand,” he said. “Temporary tax cuts and one-time transfers to seniors were largely saved and didn’t stimulate spending.”

2 comments:

Anonymous said...

Here's an article that you should find rather uselful: http://www.pressdisplay.com/pressdisplay/showlink.aspx?bookmarkid=H2G3X4I8KGR5&preview=article&linkid=484390a1-222f-49f4-9e33-577d8704a116&pdaffid=ZVFwBG5jk4Kvl9OaBJc5%2bg%3d%3d

but honestly, I don't know what to believe anymore.

Sincerely,
MediaMentions

Steve J. said...

Hi,

I couldn't get your link so could you give me a brief summary?