Here’s a prediction: In the final analysis, Bush’s wars will come closer to meeting their goals and will cost far less than Obama’s stimulus.Yup. It's true so far regarding the Iraq war.
Here’s a prediction: In the final analysis, Bush’s wars will come closer to meeting their goals and will cost far less than Obama’s stimulus.Yup. It's true so far regarding the Iraq war.
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Just today from Alan Greenspan, not that he's the last word on these things:
http://blogs.wsj.com/economics/2010/09/15/greenspan-fiscal-stimulus-worked-far-less-than-expected/?mod=rss_WSJBlog&mod=marketbeat
At this point, “we’d probably be better off doing less than more” because “you’d be far better off to allow the normal market forces to operate here,” Greenspan said. That’s largely because stimulus spending is not proving as effective as many had hoped. “To the extent the evidence suggests very large deficits concurrently crowd out capital investment, there is a debit to the stimulus program that is somewhere between a third and a half of what the gross stimulus is,” he said.
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