MEMEORANDUM:
WE SAID IT HERE, A WHILE BACK - ALONG WITH KUDLOW!Rasmussen Reports:45% Say Cancel Rest of Stimulus Spending — Forty-five percent (45%) of Americans say the rest of the new government spending authorized in the $787-billion economic stimulus plan should now be canceled. A new Rasmussen Reports national telephone survey found that just 36% disagree and 20% are not sure.Discussion: Weekly Standard, Say Anything, The Strata-Sphere, Infidel Bloggers Alliance, YID With LID and CommentaryRELATED:Lee E. Ohanian / Forbes:
The $787 Billion Mistake — Current economic indicators suggest …Discussion: Transterrestrial Musings
BOTTOM-LINE:
- THEY PASSED THAT BECAUSE THEY ARGUED THAT THE RECESSION WAS VERGING ON A DEPRESSION.
- THAT WAS A LIE: THE RECESSION IS NO WORSE THAN 1983 OR 1974.
- THEY LIED TO PASS THE STIMULUS WHICH IS A BOONDOGGLE TO REWARD DEMOCRAT MACHINE AND IS A TROJAN HORSE FOR SOCIALISM.
- IT'S ALSO VERY BAD FOR THE GLOBAL ECONOMY.
- IF WE RESCIND IT, THEN TREASURY BORROWING WILL GO DOWN, INTEREST RATES WILL GO DOWN AND THE DOLLAR WILL GO UP.
- AND THE WORLD WILL BE BETTER OFF.
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