The Stimulus -- The Anatomy of a Failure (via Keynesian economics)


	The Stimulus -- The Anatomy of a Failure (via Keynesian economics)

Newzworth

7-13-2009 1:53 AM

88 views

Newzworth says:

I gotta hand it to the Keynesian's. They sure are persistent.

Add a Comment

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from July 13, 2009

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/b6592d5c-3695-4ef6-befd-5a239a1d65d6/56F4E374-6541-47E6-B64D-9A0CF9F631AC/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.realclearpolitics.com/articles/2009/07/10/the_stimulus__the_anatomy_of_a_failure_97387.html" href="http://www.realclearpolitics.com/articles/2009/07/10/the_stimulus__the_anatomy_of_a_failure_97387.html" style="font-size: 11px;">www.realclearpolitics.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.realclearpolitics.com/articles/2009/07/10/the_stimulus__the_anatomy_of_a_failure_97387.html"><H2 id="article-title">The Stimulus -- The Anatomy of a Failure</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.realclearpolitics.com/articles/2009/07/10/the_stimulus__the_anatomy_of_a_failure_97387.html"><STRONG>y</STRONG> <A href="http://www.realclearpolitics.com/articles/author/rich_lowry/"><B>Rich Lowry</B></A></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.realclearpolitics.com/articles/2009/07/10/the_stimulus__the_anatomy_of_a_failure_97387.html"><SPAN class="dateline">July 10, 2009</SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.realclearpolitics.com/articles/2009/07/10/the_stimulus__the_anatomy_of_a_failure_97387.html"><P>Barack Obama spent all of 2008 running against the sputtering economy and warned earlier this year of a crisis "we may not be able to reverse." Yet, as the unemployment rate climbs beyond the administration's projections, Vice President Joe Biden informs us that the administration "misread how bad the economy was."</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.realclearpolitics.com/articles/2009/07/10/the_stimulus__the_anatomy_of_a_failure_97387.html">The administration genuinely believed, against all historical experience, that government spending would boost us out of the recession. And it knew it had to assume an unrealistically rapid, robust economic recovery, because otherwise the already-horrid deficit projections would look worse. So Obama talked up the crisis to get the stimulus passed, and after that </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.realclearpolitics.com/articles/2009/07/10/the_stimulus__the_anatomy_of_a_failure_97387.html">Out of the $787 billion of the stimulus, roughly 60 percent goes to individuals in temporary tax rebates and increased entitlement spending.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/56F4E374-6541-47E6-B64D-9A0CF9F631AC/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Copyright; Privacy; EULA

Search Options

Today's Top Clips