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February 02, 2009

To hell with tax cuts. Spend, spend, spend!

As President Obama gamely strives to build consensus between Republicans demanding more tax cuts and Democrats wanting more spending it is perhaps a good time to cut through the claims and look at the hard facts.

Well, that's what Marcus over at Centerfield has done.

A year ago, Mark Zandi, chief economist at Moody's published this little remarked upon bombshell regarding the effectiveness of certain strategies surrounding the2008 stimulus package. Obviously the not so liberal corporately biased media made little hay of this. Yet in terms of policy this should have a profound effect on how we handle the current stimulus package.

Since the depth of my grasp of economics is relatively shallow, I suggest that you read the rest of Marcus's piece and comment there: Reality collides with Republican ideology. Ideology loses. Tax cuts are inefficient.

Along somewhat similar lines but from a more macro, global perspective is a post I wrote a little over four years ago: Riddle me this

Posted by Kevin at February 2, 2009 08:23 PM