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A few thoughts about "stimulus"
June 21, 2010
The other day on CNBC, I saw Larry Kudlow discussing the Democrats’ desire for a second “jobs bill” – what they’re calling “stimulus” now that “stimulus” is known to be ineffective union-boosting pork.
I sent Mr. Kudlow a few thoughts on the subject (and he was kind enough to respond that I was “dead right.")
Here are those thoughts:
One thing I think is worth mentioning is how all of the jobs which are suggested to be saved by a proposed second “stimulus"/jobs measure, like teachers, cops, firemen, etc., are government employees…not just that, but state government employees.
Thus, this so-called stimulus is really just plugging holes in state budgets. Beyond its questionable legality, this has a bunch of other problems:
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