The Center for Freedom and Prosperity Foundation recently released a new mini-documentary discussing President Obama's proposed stimulus plan.
Entitled "Obama's So-Called Stimulus: Good For Government, Bad For the Economy," the video explains why the proposal is best described as a combination of ineffective government spending and gimmicky tax cuts. The video's narrator, our friend and associate, Daniel Mitchell of the Cato Institute, explains that history provides ample evidence that smaller government is the true recipe for economic growth.
While President Obama wants Congress to dramatically expand the burden of government spending, the video mini-documentary explains why such policies, based on the discredited Keynesian theory of economics, will fail, just as it has repeatedly in the past.
Indeed, the video demonstrates that President Obama is proposing, for all intents and purposes, to repeat ex-President Bush's blunders and mistakes. As a result, government will be bigger, even though global evidence shows that nations with smaller governments are more prosperous.
Comments