The Cato Institute purchased a full-page ad in major newspapers across the country listing the names of several hundred top economists including several Nobel Laureates 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. Those Economist signed the following petition to the President. “We do not believe that more government spending is a way to improve economic performance. More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan’s “lost decade” in the 1990s. As such, it is a triumph of hope over experience to believe that more government spending will help the US today. To improve the economy, policy makers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth.” The original document can be found here: cato.org
{ 25 comments… read them below or add one }
Only the communist economists seem to agree with the Obama fiscal plan….LOL
I dunno …………. this borrowing billions and trillions, is mind boggling.
Me thinks America is rapidly coming to the conclusion, that Obama is not the god he thinks he is.
That’s pathetic, man. Talk to me about policy for the rest of us when you actually chip in instead of telling us who work 10 hours or more a day to provide for our own families we need to give your lazy butt more.
Yeah, that’s why his approval rating is lower than Bush’s was at the same stage of their first terms. It’s also “change” when you talk about being fiscally responsible at the same time as signing a $3.4. trillion budget. In “W” days, the press called that LYING.
This is CHANGE we can believe in. Everybody knows Obama is doing a great job!
You expect me to work 8 hour days? I ain’t gonna do it. I work about 3-4 hours a day, and it’s killing me.
If rich are lazy, why does your profile admit you are only working part time? Rather take handouts than man up maybe? I saw you like Malcolm X. If you read the book, you admit on profile you don’t read, you’d see he was rumored to be murdered solely for his understanding that Islam is supposed to be about unity of all people and not the perverted version Farrakhan, his rumored killer, supports. He made a man out of himself while in prison, proving anyone can do it in America W/OUT handouts.
If you paid any attention to economics and how the Obama Admin has ruined the Constitution during it, you’d see that the unions are ripping off the taxpayers that funded the bailouts Obama put together to “save” Chrysler. Bond holders aren’t getting paid back. That’s teachers, cops, etc. losing money in their retirements so the union which already owns its own golf course can get the majority of the company and make people even more afraid of investing, hurting the economy worse.
You can’t stop it. “Supreme Court to let Chrysler sale go forward” Your side will never win. We the people always win. We have to save the unions because they are the backbone of America.
Only the rich are lazy, and we need them to work their fair share.
YES WE CAN!
Protection from what? Idiots who break the law? Changing laws 2 legalize theft is completely stupid and wrong. It leads 2 what’s going on in Europe right now where there is no more money 2 go around w/out printing it and F’ing up the economy completely. How about getting a job and earning your way through life as the Founding Fathers intended? Don’t you have any self respect and understand that taking things from those that have earned it because of YOUR laziness is just plain WRONG?
Yes, that is what I’m saying. It’s just how you want us to do it. You give money peacefully, or we gonna have to take it. I’m not talking about breaking the law, but if you don’t pay, you have to accept the consequences. If “We the people” need to change the laws, we can.
You have been paying protection money for a long time now, it just doesn’t go as far as it used to. We need more.
I don’t know where you’re going w/this “protection money” stuff. Are you saying if we earners in the US don’t give up 60% or more of our salaries so everyone else can have a chance (it still won’t pay for it) for free everything crime will go up? That’s a really mature way of justifying breaking the law in a country founded on earning your own way. “We the people” are going to break the law if you don’t give us your stuff? REAL American, man.
What you want? A bunch of gangstaz riding around doing drive bys. If you do not pay protection money, I don’t see how you can be protected. Crime will just have to go up.
The country is about “We the people”. It’s the people that matter, and what we want are housing, healthcare, and plasma tvs.
By saying that, you’re saying America is outdated. Pushing policies like ACORN and Obama are is pushing America into a failed state of socialism. Look at what’s going on in Europe right NOW as they awaken to how socialism does NOT work. If you want that, go there, don’t stay here and tell us a Free Republic isn’t what America was and should be. The Constitution is created by the people FOR the people, not for big government as it is. Obviously, you haven’t read any of it to claim it’s not.
Look, everybody knows that the Constitution is outdated. It was written by practically cavemen. And we feed off the government too. Where you think I get my gubment cheeze?
The government is for the people and by the people. With enough people backing us we can do no wrong. Everything we do is correct. After we have enough people in ACORN we can take back the streets.
Where in the heck in the Constitution does it say anyone has the “right to live comfortably?” Once you start creating those nebulous “rights” that aren’t in there, government feeds off of them until you have what we have now: a nanny state protecting those “rights.” What is does say is everyone, regardless of race, creed, etc. has a right to steer their own lives and live w/the results of that. Until people take responsibility for that, they’re going to continue to be slaves to gov. control.
Look, we need every single person in america to live above middle class. Everyone has a right to live comfortably.
The less you say, the less likely you’ll embarrass yourself.
So, basically you believe in socialism? Funny how the Founding Fathers wouldn’t have agreed w/you. Have you seen what attempts at free healthcare, education, etc. have done to states like NY and CA lately? And what exactly is a “social safety net?” Why exactly don’t church donations count when they perform services just like the federally funded programs do to help poor? And I think there are hundreds of other charities the rich single-handedly fund such as Cancer/AIDS research etc.
“So, you think you have a right to take other people’s money? ”
Yes when I take their money I am working in my own self interest!!!!
“And did you happen to notice that Repubs/Libertarians give more to charity than Dems ever do statistically?”
Church donations don’t count.
What helps the poor: FREE HEALTHCARE EDUCATION SOCIAL SAFETY NETS
So, you think you have a right to take other people’s money? Last I checked that’s specifically forbidden in the Constitution. And did you happen to notice that Repubs/Libertarians give more to charity than Dems ever do statistically? You also didn’t answer my question about what is really giving to the poor: handouts that sustain poverty for an individual or programs/legislation designed to get people out into the job work to make something of themselves?
Lib/Repub policies always favor the rich. ALWAYS. Example:
Leave everything unregulated and free: Allow corporations to exploit there workers.
Oh you need a hand because your are systematically disadvantage? No matter how hard to try it is impossible to get out of poverty? FUCK OFF MY MONEY!
And of course the five words every libertarian lives by:
FUCK YOU I’VE GOT MINE
Actually, libertarians would claim Republicans hijacked their economic policies if you asked them. And what exactly constitutes “caring” for the poor? Giving them massive handouts while keeping them in ghettos (Dems)? Or providing training and limited access to those handouts so they achieve their full potential and rise above it to become something (Libertarians/Repubs)? And where exactly do you have specific examples of “hate the poor” policies?
Libertarians are economically right wing though. (they hate the poor)
People from the Cato Institute and ReasonTV support these claims. They are libertarians, NOT right wingers rewriting history last I checked. The Cato Insitute is one of the leading economic think-tanks in the world.