Uncommon Sense

politics and society are, unfortunately, much the same thing

Still think big government knows best? Check history first.

Economists: The stimulus didn’t help
April 26, 2010 by Hibah Yousuf

NEW YORK (CNNMoney.com) — The recovery is picking up steam as employers boost payrolls, but economists think the government’s stimulus package and jobs bill had little to do with the rebound, according to a survey released Monday.

In latest quarterly survey by the National Association for Business Economics, the index that measures employment showed job growth for the first time in two years — but a majority of respondents felt the fiscal stimulus had no impact.

NABE conducted the study by polling 68 of its members who work in economic roles at private-sector firms. About 73% of those surveyed said employment at their company is neither higher nor lower as a result of the $787 billion Recovery Act, which the White House’s Council of Economic Advisers says is on track to create or save 3.5 million jobs by the end of the year.

Wall Street didn’t cause crash of ’08
April 26, 2010 by David Frum

Washington (CNN) — Financial reform? Not exactly. The bill before Congress does nothing to address the fundamental background causes of the crash of 2008.

Wall Street may have been the instrument of the crash. But the crash was made elsewhere: in Washington’s failed policies for middle-class families — and in China’s distorted rush for economic growth.

The story is not a simple one. But I hope you will pay attention to the details. If you don’t, you may find that the pocket that has been picked is your own.

bureaucracy, economics, economy, gaffe, government, ideology, left wing, liberalism, marxism, nanny state, philosophy, political correctness, politics, public policy, regulation, socialism, spending, stimulus, study

Filed under: bureaucracy, economics, economy, gaffe, government, ideology, left wing, liberalism, marxism, nanny state, philosophy, political correctness, politics, public policy, regulation, socialism, spending, stimulus, study

One Response

  1. […] Still think big government knows best? Check history first. Forget accuracy or the 5 million lost jobs, Obama wants the credit AP shows economic stimulus spending was useless Government’s Good intentions harm the people again Obama doesn’t get it, urges new housing bubble Biggest Spender in History complains of too much debt If Obama fails, the country succeeds […]

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