Wednesday, January 28, 2009

quotes

"The stimulus package being discussed is politically smart but economically stupid. It's that bedeviling, omnipresent Santa Claus and Tooth Fairy problem again. ... A far more important measure that Congress can take toward a healthy economy is to ensure that the 2003 tax cuts don't expire in 2010 as scheduled. If not, there are 15 separate taxes scheduled to rise in 2010, costing Americans $200 billion a year in increased taxes. In the face of a recession, we don't need that." --economist Walter E. Williams

"Bashing Rush Limbaugh last week, Obama urged GOP lawmakers to ignore the voices of obstructionism and sign on to his behemoth stimulus package: 'We shouldn't let partisan politics derail what are very important things that need to get done.' ... History has shown us that 'Get Things Done' is mindless liberal code for passing ineffective legislation and expanding government for government's sake." --columnist Michelle Malkin

"More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan's 'lost decade' in the 1990s. As such, it is a triumph of hope over experience to believe that more government spending will help the U.S. today." --two hundred economists in an open letter disseminated by the Cato Institute

"We all know how we got into this economic mess. We spent too much, borrowed with abandon, and acted like the bills would never come due. So what's the prescription for getting out? Spending more, borrowing more, and acting like the bills will never come due." --columnist Steve Chapman

"For those of you not shouting hosannas, it might have occurred to you that we are suffering from a rampant sickness in American life that casts government as the author of your dreams and an Illinois politician as the linchpin of your hopes." --Denver Post columnist David Harsanyi

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