Aug
11
2009
Former Vice-Chair of Federal Reserve Recommends to Stay the Stimulus Course
Posted by Carolyn Spohrer at 10:56 AM Stimulus
Alan S. Blinder, writing in the Washington Post, recommends staying the stimulus course:
"Apparently not bothered by facts, some congressional Republicans are already claiming that President Obama's $787 billion stimulus package has failed and are even advocating that some of the remaining scheduled steps in the legislation be canceled.
In medicine, that would be malpractice. In politics, it's demagoguery. In reality, we need to stay the course."