Saturday, February 6, 2010

With All Due Respect Mr. President

A friend of mine posted this article fromCATO institute regarding the following commentary  in his facebook account from our President speaking about government spending.

Please check the link above for more clarification. http://www.cato.org/special/stimulus09/cato_stimulus.pdf

President Obama says that "economists from across the political spectrum agree" on the need for massive government spending to stimulate the economy. In fact, many economists disagree. Hundreds of them, including Nobel laureates and other prominent scholars, have signed a statement that the Cato Institute has placed in major newspapers across the United States.

With all due respect

Mr.President,that is not true.
 
Read more in the link above.

Credits to CATO and Dennis Paquet for sharing this information with us.