Saturday, January 16, 2010
First Rule of Holes: Stop Digging
University of Chicago economists Gary Becker, Steven Davis and Kevin Murphy say Obama and the Dems are choking economic recovery in the January 4th Wall Street Journal:
[I]t was a serious economic mistake to press for a hasty, major transformation of the U.S. economy on the heels of the worst financial crisis in decades. A more effective approach would have been to concentrate first on fighting the recession and laying solid foundations for growth. They should have put plans to re-engineer the economy on the backburner, and kept them there until the economy emerged fully from the recession and returned to robust growth. By failing to adopt a measured approach to economic policy, Congress and the president may be slowing the economic recovery, and thereby prolonging the distress from the recession.(via Tigerhawk)
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1 Comments:
> Congress and the president may be slowing the economic recovery, and thereby prolonging the distress from the recession.
Huh? What? That's crazy. No Way!
By 
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4:47 PM, January 17, 2010
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