The neo-Hoovers criticizing today’s stimulus package make perfectly valid points about this or that flaw in the stimulus package. But the alternative is perhaps three million fewer jobs and the national economy looking like a balloon losing air.
Another thing: those railing against the stimulus are often the same folks who inherited an economy producing budget surpluses and transformed it into today’s fiscal catastrophe.
Nicholas D. Kristof, "Escaping the Bust Bowl," New York Times, 12 February 2009.
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