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Economist Agree, Obama's Wrong

President Obama says that "economists from across the political spectrum agree" on the need for massive government spending to stimulate the economy. In fact, many economists disagree. Hundreds of them, including Nobel laureates and other prominent scholars, have signed a statement that the Cato Institute has placed in major newspapers across the United States.

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"There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy." — PRESIDENT-ELECT BARACK OBAMA, JANUARY 9 , 2009

With all due respect Mr. President, that is not true.
Notwithstanding reports that all economists are now Keynesians and that we all support a big increase in the burden of government, we do not believe that more government spending is a way to improve economic performance. More government spendin

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Added: Jan-29-2009 
By: MarkusMarone
In:
Iran, News
Tags: Obama, Cato, Stimulus
Views: 12918 | Comments: 52 | Votes: 2 | Favorites: 0 | Shared: 1 | Updates: 0 | Times used in channels: 1
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  • LMAO at this empty suit and his lack of knowledge on even how to run a McDonalds. Man we are in huge trouble.

    ACORN, the group under investigation for voter registration fraud, is eligible for $5.2 billion of taxpayer dollars. $335 million for sexually transmitted disease education such
    as funding events called 'Booty Call' and 'Great Sex'. 20 billion more for welfare. $16 billion to bailout California and billions for other states which mismanaged their own financial situation.$87 million More..

    Posted Jan-29-2009 By 

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    • where is your source for all this information your spreading there jlvia??? Could you please post it?

      Posted Jan-30-2009 By 

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    • Look up libtard. I know its hard for liberals do ANY TYPE OF WORK, but for crying out loud, we have to do research for you now? NOPE. Look it up yourself if you are capable.

      Posted Jan-30-2009 By 

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    • HAH... you're hilarious... I actually did try and look it up but as I figured, there was nothing that had the (dis)information that you posted here. I'm guessing your source is out of your ass.

      Posted Jan-30-2009 By 

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    • No you didn't. And how in the f do you think I made this up? You are truly a pathetic Baracksheeple. I guess you don't know how to do research. Did you graduate from high school? Or are you still in jr high school?

      Posted Jan-30-2009 By 

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  • spending record amounts of money that we don't even have is going to fix the economy? isn't that like getting more credit cards to pay for the morgage you can't afford?

    Posted Jan-29-2009 By 

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  • Obama won't listen to these professors and he frankly doesn't give a shit what any of us say. IF he did, he'd have never appointed a tax cheating felon head of the US treasury. Wake up America.

    Posted Jan-29-2009 By 

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  • "Notwithstanding reports that all economists are now Keynesians..." LMAO! Perfect!

    Posted Jan-29-2009 By 

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  • OMG Obamagod is wrong say it ain't so! What will we do? Bend over and take once again? Time for revolution!!!! Time to take back OUR government for the National Socialists OPPS the democrats.

    Posted Jan-29-2009 By 

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  • Comment of user 'jsczerby' has been deleted by author (after account deletion)!
  • Instead of playing the blame game we should accept the fact that capitalism has an Achilles Hell. Capitalism feeds on itself. It's based on materialism. Make more money buy bigger toys. Here's a hypothetical question...what if you handed every adult in America a million dollar check??? Would we be in economic nirvana or would we just implode??

    Posted Jan-30-2009 By 

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  • Barry O has not a clue.

    Posted Jan-29-2009 By 

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  • "From across the political spectrum" yea right.

    As long as that spectrum is from the red and infrared wavelengths.

    Posted Jan-29-2009 By 

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  • With American being a "Service Based Economy" the irony lies with the very term itself. What happens when services cease because no one can pay the service (interest) on the Debt we owe?

    When you have a tax base with no jobs, and you further have 10 trillion dollars of debt you owe interest on, how in the darn world does anyone think that its good policy to borrow so you can get yourself out of debt?

    I'm starting to feel like one of those ill fated passengers on the Titanic, stuck sa More..

    Posted Jan-29-2009 By 

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    • Money by decree only takes you so far. Our "system" is corrupt and rife with thieves wearing white collars. But go long on some bonds let me know how that works out for ya.

      Americans can be some of worlds most arrogant people, and that belief is not unlike you holding your own hand in front of your face, and betting me that I can't hit your hand before you move it!

      Its the system that is the problem ol bud, it no worky. Money backed by air and a promise to pay is going to have a day More..

      Posted Jan-29-2009 By 

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  • Looks like Obama messiah is clueless when it comes to the economy, at least according the the experts he is. This presidency should be a real hoot.

    Posted Jan-30-2009 By 

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  • Comment of user 'WTFnow' has been deleted by author (after account deletion)!
  • I am amazed as it seems with a head count of fewer than 25 on this list, women are either not economists, or they are just big government spenders.

    Posted Jan-29-2009 By 

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  • Canada is concerned right now that there might be a BUY AMERICA policy in this stimulus bill.

    http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20090129/Buy_American_090129/20090129?hub=TopStories

    I am only taking the word of experts. But they claim if Americans become PROTECTIONISTS, there will be retaliation and we will all be hurt for many years.

    Posted Jan-29-2009 By 

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  • I think all the republicans who voted against this should not accept and of the money for there congressinal district. makes sense, right?

    Posted Jan-29-2009 By 

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  • let them spend it,.its all "Air Money" anyways,..

    the Fed Reserve has an open Air account now,...
    say the amount and they will write the check,right out of thin Air,..
    from what I understand their is an endless amount,...

    Posted Jan-30-2009 By 

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  • The Govt don't use the words "checks and Balances",..anymore,...

    its called "checks and spend",....

    Posted Jan-30-2009 By 

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  • The pork bill is a stimulus like castration is an aphrodesiac.

    Posted Jan-30-2009 By 

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  • you can't disagree with the almighty messiah!

    Posted Jan-30-2009 By 

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  • "economists"
    Aren't these the clowns that were too dumb to forecast the shit we are in now?

    Posted Jan-30-2009 By 

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  • here i come canada!!!!

    Posted Jan-30-2009 By 

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  • Regulations required banks not only to lend to uncreditworthy borrowers, but to do so on the basis of race.

    Despite how integrally tied the current crisis is to this bill enacted by a Democrat-controlled Congress and signed into law by Jimmy Carter, no major media outlet other than Investor's Business Daily and National Review Online mentioned it during the September 2008 market meltdown."

    The 1977 Community Reinvestment Act required banks and savings institutions to make loans to the More..

    Posted Jan-30-2009 By 

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  • Everyone, from top to bottom, must first halve their salaries, fees and wages. Taxes must be halved, profits eliminated, interest set to zero and spending on non medical, scientific or educational systems stopped. Globally.
    If not, riots will happen. As will stealing and robbing. Murders will rise, martial law enforcement will empty the streets and and everything will shut down. Be thankful if you have the skills and talents to DO something besides push paper currency or the laws that protect More..

    Posted Jan-29-2009 By 

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  • Obama signed into law today the Equal Pay Bill. Look it up.

    Posted Jan-29-2009 By 

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  • Economist Agree, Still can't believe it's not butter. Oh, and the economy is bad too.

    Posted Jan-29-2009 By 

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