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Dan Mitchell on Stimulus

  • Posted by Karl Deeter on 26 January 2010 - Leave a Comment - Printer Friendly Version
  • Labour Department numbers show that the Obama Administrations $787 billion stimulus was a flop. Instead of holding the unemployment rate at 8 percent or below, the jobless rate soared to 10 percent. Now there is discussion of second so-called ’stimulus’, which politicians are calling a jobs bill. However, making government bigger, this CF&P Foundation video explains, is a recipe for long-run stagnation and lower living standards, regardless of what the policy is named. www.freedomandprosperity.org

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