THE REAL PROBLEM WITH THE STIMULUS!
Burton W. Folsom, in a speech January 9, 2009, to a seminar sponsored by Hillsdale's Allan P. Kirby, Jr. Center for Constitutional Studies and Citizenship, made the following points regarding the original "New Deal":
"Federal dollars always become political dollars, and the Democrats moved to use federal money to gain votes at election time."
...
"If history is a guide, we have every reason to believe that if President Obama institutes a New New Deal, then universal health care, federal bailouts, and jobs stimulus programs will be costly, will be politicized, and will fail." (my emphasis)
H/T: Hillsdale College's Imprimis, January, 2009.
"Federal dollars always become political dollars, and the Democrats moved to use federal money to gain votes at election time."
...
"If history is a guide, we have every reason to believe that if President Obama institutes a New New Deal, then universal health care, federal bailouts, and jobs stimulus programs will be costly, will be politicized, and will fail." (my emphasis)
H/T: Hillsdale College's Imprimis, January, 2009.
Labels: Politics
posted by Jim | 2:42 PM
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