White House Fact Sheet on StimulusThe above is funny, but it is sad. It is hard to be cynical enough about politics.The White House released a fact sheet explaining its support for fiscal stimulus plan. Here's an excerpt:
The President’s economic plan has three main goals:No surprise there, right? After all, President Obama has been quite clear about his support for a stimulus plan to achieve these goals, all of which are textbook Keynesian stuff.
- Encourage consumer spending that will continue to boost the economic recovery and create jobs.
- Promote investment by individuals and businesses that will lead to economic growth and job creation.
- Deliver critical help to unemployed citizens.
Gotcha!
The White House fact sheet in question was released in the name of former President George W. Bush, on January 7, 2003. You can read the whole thing here (lots of plugs for tax cuts, of course).
Here's an entertaining chunk of text from a page A1 story in the LA Times the next day:With Democrats criticizing Bush’s plan for its effect on the deficit, Republicans – who for years pushed for a balanced budget – are in the unusual position of arguing that deficits do not matter.How things change.
“What we need to do for an economic stimulus package is not look at what the cost is but what the impact will be on the economy,” said Sen. Rick Santorum (R-Pa.).
Saturday, February 28, 2009
This is Funny
Here is a blog entry by Jonah B. Gelbach that caught me. I had a good laugh at myself...
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