Nonsense
by Craig Jennings, 10/17/2008
Pushing back against Democratic congressional leadership's call for another stimulus package, White House spokesperson Dana Perino told reporters:
A lot of their discussions yesterday, as I understood it, are not necessarily items that we think would stimulate the economy. Additional benefits to individuals who may need support during an economic downturn aren't necessarily stimulative.
And yet, about three weeks ago, the non-partisan Congressional Research Service issued a report on the economic slowdown saying just the opposite.
...different proposals could get modestly more "bang for the buck" than others if they result in more total spending....The primary way to achieve the most bang for the buck is by choosing policies that result in spending, not saving....Presumably, recipients in economic distress, such as those receiving unemployment benefits, would be even more likely to spend a transfer or tax cut than a typical family.
Simple ignorance or blind devotion to ideology or a toxic mixture of the two?
