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Wednesday, December 9, 2009

Obama: We Must Spend Our Way Out of This Recession

“President Barack Obama outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to ‘spend our way out of this recession’ until more Americans are back at work.

“Without giving a price tag, Obama proposed a package of new spending for highway, bridge and other infrastructure projects, deeper tax breaks for small businesses and tax incentivesto encourage people to make their homes more energy efficient.” (AP, Wednesday)

Hey, at least he’s an honest Keynesian.

FEE Timely Classic:
Keynesian Budgets Threaten Recovery” by Hans Sennholz