socialmedian: 800 Billion Reasons To Be Worried: The Senate stimulus bill should only stimulate taxpayer anger

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800 Billion Reasons To Be Worried: The Senate stimulus bill should only stimulate taxpayer anger - Reason Magazine

Submitted by Phatmommy

Feb 10, 2009

Summary

There is absolutely no evidence that any stimulus package in the past 80 years has goosed economic activity—not FDR’s during the Great Depression, not Japan’s during the 1990s, and not George W. Bush’s in 2001 and 2008. If anything, the economic evidence suggests that such spending packages actually intensified and prolonged misery. Read the full article

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