Category: Economics

  • NoStimulus.com Effort Crosses 200,000 Petitions

    Here’s a press release from Americans For Prosperity that talks about the tremendous success of the NoStimulus.com website. This site experienced tremendous traffic yesterday and had difficulty staying online. Things are working smoothly now, so I encourage you to visit the site to learn about the stimulus plan. Then, sign the online petition. NoStimulus.com Effort…

  • Tim Phillips of AFP explains NoStimulus.com

    Tim Phillips, president of Americans For Prosperity, explains why the Obama-Pelosi-Reid stimulus bill is not good for America, and also talks about the role of the NoStimulus.com website. So many people want to visit NoStimulus.com today that the site has had trouble staying online.

  • Do Americans Support Obama’s Stimulus Plan?

    Despite mainstream media claims, not everyone agrees with President Obama’s plan. In fact, a Rasmussen poll shows that more Americans than not are skeptical about the stimulus. They’d rather see other things such as less government spending and lower taxes. National Survey of 1,000 Likely Voters Conducted February 6-7, 2009 By Rasmussen Reports 1. Generally…

  • Explaining Again Why Obamanian, or Keynesian, Stimulus Won’t Work

    From The Stimulus Tragedy: Obama bets that we can spend our way to prosperity: So there it is: Mr. Obama is now endorsing a sort of reductionist Keynesianism that argues that any government spending is an economic stimulus. This is so manifestly false that we doubt Mr. Obama really believes it. He has to know…

  • NoStimulus.com surpasses 60,000 online petitions

    Americans For Prosperity is dong a great job opposing the stimulus with their NoStimulus.com website. Visit there for information about the dangers of what President Obama and Congressional leaders are doing. Sign the petition, too.

  • AFP Works to Oppose Stimulus

    Here’s a message from Tim Phillips, President of Americans For Prosperity. I listened in to the telephone town hall meeting he mentions. Despite a few technical glitches, these meetings are becoming popular, and serve as an effective way to communicate with a large number of people. Wait — don’t we have the Internet for that?…

  • An Austrian Recommendation for President Obama

    Robert P. Murphy, author of the fine book The Politically Incorrect Guide to Capitalism lays out what President Obama and Congress can do to really fix our economy. In this article, Murphy addresses the critics of those who oppose the proposed stimulus plan. That’s important, because many critics of the stimulus say that the government…

  • With all due respect Mr. President, that is not true

    What isn’t true? On January 9, President-elect (now President) Barack Obama said “There is no disagreement that we need action by our government, a recovery plan that will help to jump start the economy.” Not everyone agrees with our new president. The Cato Institute placed a full-page advertisement the New York Times today. Its statement…

  • The True Danger of the Current Economic Crisis

    Thomas Sowell explains that the true danger we face is not recession or even a depression, but the permanent expansion of government that lingers forever: No matter how many times President Barack Obama tells us that these ?extraordinary times? call for ?swift action,? the kind of economic policies he is promoting take effect very slowly,…

  • Economic Stimulus: Timing is Everything

    When I took macroeconomics in college way back in the 70’s, people actually believed in Keynesian economic theory. It was in the textbooks. One of the problems with government attempting to stimulate the economy the Keynesian way is the matter of timing. By the time we’re sure we’re in a recession, Congress passes laws, and…

  • Government Spending Is No Free Lunch

    Robert J. Barro, an economics professor at Harvard University and a senior fellow at Stanford University’s Hoover Institution, has an excellent commentary in The Wall Street Journal. This piece explains the problems with the multiplier that backers of government stimulus programs count on to make the government spending work. Here’s an excerpt: Back in the…

  • Just Say No to Stimulus

    “Congress should not enact an expensive spending bill under the pretense of stimulus or recovery. We cannot spend our way to prosperity, and such an expansion of the federal government will put a crushing burden on taxpayers in the long-term.” That’s the online petition at NoStimulus.com. This website, a project of Americans For Prosperity, provides…