Wednesday, January 28, 2009
Economists against the stimulus
The Cato Institute has managed to find a pretty long list of economists (pdf) willing to put their names to a full-page ad in the New York Times and presumably other papers denouncing the stimulus bill. Well, somebody needs to make the point.
12 Comments:
By 
SR, at
Wed Jan 28, 09:01:00 AM:
Is this Ad actually going to run in the NYT?
Time for a contribution to Cato.
PS: perfect, my word verification for this post is "zingr."
By 
, at
Wed Jan 28, 09:44:00 AM:
So I suppose they're all dishonest hacks according to Paul Krugman?
By , at
Wed Jan 28, 10:18:00 AM:
With Obama I want to hope for the best ... but he and the Democrats now want to run riot on spending. I don't expect it will end well. The financial crisis is cover for Obama and Pelosi - Reid to push through huge spending programs they developed well before the financial crisis hit.
We used to have the military industrial complex, which Eisenhower warned us of. ... a symbiotic intertwined mix of the military, defense contractors and politicians ... all in league to advance their common interest.
We now have something bigger and more pernicious ... a DC-based political spoils complex ... with two corrupt political parties in league. We send billions (now trillions) to DC so we can beg to get it back. The Republicans were supposed to be against this, but with Bush & Co joined right in.
Obama & Co will break the bank, because they will "eat with both hands !", as the Sicilians say.
It's amazing that we elected a guy like Obama with a proven record of pissing away money on noble-sounding projects ... who actually funneled the money to corrupt cronies, with the public holding the bag. MSM avoided this story. Pelosi now claims Obama has a mandate to execute his Chicago game plan on a huge national scale. Before he could only play with millions, now he's working on a trillion ... a boggling amount.
Hold on .. it's going to be a bumpy ride.
Link
By , at
Wed Jan 28, 10:19:00 AM:
Princeton graduate that I am, I searched the referenced document to see if any Princeton Economics professors had slipped by the vetting process and also dared to defy the wrath of the Krugman. Answer zero as in zip, nada, no one. I also searched for former Princeton President Bill Bowen. Not there either. I guess I really didn't believe him when in 1963 I took his Economics 101 starring the Samuelson book.
Then I searched for the rest of the Ivies with these results:
Cornell - 3
Penn and Columbia - 2 each
Harvard - 1
and
None for Brown, Yale, and Dartmouth.
Just thought that I'd share that with you.
JLW III
By , at
Wed Jan 28, 10:53:00 AM:
This stimulus package is so full of pork it oinks
By D.E. Cloutier, at
Wed Jan 28, 11:41:00 AM:
Time to stir things up.
Let the large companies collapse. Corporations have become too big anyway. Companies like Wal-Mart put countless mom-and-pop stores out of business in small towns across America. The faster the big guys are out of the way, the faster the small guys can make money as entrepreneurs.
Yes, you need big companies in certain industries (aircraft manufacturing, fo example). But too many large companies in other areas have become "category killers," making it difficult for new, more creative entrepreneurs to succeed.
By D.E. Cloutier, at
Wed Jan 28, 12:54:00 PM:
And another thing...
The U.S. sold its "business edge" for the price of college tuition. Families in China, India, and other emerging countries sent their sons and daughters to American colleges to learn everything you know.
Where did the perpetrators of 9/11 learn to fly? I guarantee you that 9/11 alone cost the U.S. a lot more than American schools collected from foreign students over the years.
By , at
Wed Jan 28, 01:30:00 PM:
Absolute proof the NYTs is hard up for currency. The only conservative thought in the past 15 years there had to be purchased.
By SR, at
Wed Jan 28, 09:26:00 PM:
So, Anon 10:18's research demonstrates the bankruptcy that is Ivy League Economics instruction.
By SR, at
Wed Jan 28, 09:27:00 PM:
Oh, sorry JLW III thanks for the research.
By JPMcT, at
Wed Jan 28, 10:52:00 PM:
So The Big Zero wants to take care of his "Pay for Play" in one lump sum, proposing a massive pile of pork that will turn a fairly modest recession into a calamity.
I suppose the best the rest of us can do is hope for a little change...
By Georg Felis, at
Thu Jan 29, 02:32:00 PM:
Millions of dollars in the bill for condoms should show without a shadow of a doubt that we are getting s****ed.
