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Heavy-Handed Politics

"€œGod willing, with the force of God behind it, we shall soon experience a world
without the United States and Zionism."€ -- Iran President Ahmadi-Nejad

Thursday, January 31, 2008

Stimulus Package Nonsense
By Walter E. Williams

"To head off a recession, politicians, including President Bush, are calling for a stimulus package. The White House proposal is to give individuals and households tax rebates ranging from $800 to $1,600 respectively. Congressional Democrats, in addition to tax rebates, want a stimulus package that targets the poor through increases in food stamps and greater unemployment benefits. If we are headed into a recession, these proposed stimulus packages will make little difference. A far more important measure that Congress can take towards a healthy economy is to insure that the 2003 tax cuts don’t expire in 2010 as scheduled…"

2 Comments:

  • We don't need a drop in the bucket. We need real and lasting financial security that comes with knowing the government is going to show up tomorrow and rob us of our money.
    I would bet that making the tax cuts permanent would create the economy boon the stimulus package is slated for. The reality is the tax cuts would have a profound and lasting effect, while the money throwers would create a single quarter bump.

    By Anonymous ablur, at 4:10 PM  

  • You are right. The kinds of economic stimulus packages being bandied about are going to have a negligible effect; and any positive effect will be short term.

    How is 'continuing' unemployment wages going to 'stimulate' a sour economy?

    If a person can make a valid argument as to why they should be continued, fine ... I will listen.

    But, that is a separate problem and requires a separate debate. That is not a component of an economic stimulus package.

    Government meddling into the markets only cause other problems.

    Free markets need to be allowed to correct themselves. And they will

    By Blogger HeavyHanded, at 4:24 PM  

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