Why Cuts Don’t Bring Prosperity

The immediate problem, however, is the fragility of the economy. Gross domestic product may have surpassed its previous peak, but it’s still growing too slowly for companies to be doing much hiring. States, of course, are making major cuts. A big round of federal cuts will only make things worse. Full Story »

Posted by Dwight Rousu
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Posted by: Posted by Dwight Rousu - Feb 27, 2011 - 3:08 PM PST
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Edited by: Dwight Rousu - Feb 27, 2011 - 3:15 PM PST

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Dwight Rousu
4.4
by Dwight Rousu - Feb. 27, 2011

Leonhard is bonkers on some things he favors, such as then nonsense about malpractice reform, but the basic economic analysis that cutting government spending before there is a fully developed recovery from a crisis is bad economic policy is moderately well stated. The foolish cutting by Obama and other republicans threatens to recreate the double dip recession that came when FDR listened to the idiot Hoover conservatives of his time.

Without the government spending of the last two years — including tax cuts — the economy would be in vastly worse shape. Likewise, if the federal government begins ... More »

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Khalilah Harris
2.6
by Khalilah Harris - Mar. 1, 2011

This piece reads like an OpEd. Is It?

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