Stop the Calls for Consumer Spending Stimulus Packages

October 15, 2008 by  
Filed under Economics, Spending

Stimulus Talk – The Sequel 

The politicians are at it again.  Apparently forgetting the complete failure of this past summer’s “stimulus” program, our fearless leaders are determined to put even more of our tax dollars in the hands of even more consumers, so that they can promptly spend it.  Economic genius Nancy Pelosi and her friends have designed a new middle class “stimulus” plan to do just that.  This is populist craziness because it ignores the economic data showing that excessive consumer spending is what got us into this mess to begin with. Read more