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Friday, October 23, 2009

Obama Adviser Concedes “Stimulus” about Out of Gas

“A top White House economist says spending from the $787 billion economic stimulus has already had its biggest impact on economic growth and will likely not contribute to significant expansion next year. Christina Romer, the chair of President Barack Obama’s Council of Economic Advisers, said Thursday that the $194 billion already spent gave a jolt to the economy that contributed to growth in the second and third quarters of the year.” (AP, Thursday)

So rebate the balance to the taxpayers.

FEE Timely Classic
“Keynes’s Ghost” by James C. W. Ahiakpor

  • Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.