Friday, February 13, 2009

Final words on the stimulus plan

"The compromise economic stimulus plan agreed to by negotiators from the House of Representatives and the Senate is short on incentives to get consumers spending again and long on social goals that won't stimulate economic activity . . . 'All this is 25 years of government expansion jammed into one bill and sold as stimulus'"

Next year, when we're still in recession, what will all the "hurry up and pass something quickly" folks be proposing?

Update - Now, Paul Krugman (!) agrees that the stimulus plan won't work . . . maybe he should have said something before it passed (when he was cheerleading for the administration)?

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