TPMDC Bruce Bartlett
Economy
Economic Experts Gather In DC To Explain Why Politics Has Doomed Us
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As the U.S. government and governments in Europe respond to the global economic slump with conservative austerity measures, it's easy to forget that the overwhelming professional economic consensus is that depressed countries that can afford to should be doing the opposite -- ramping up government purchases of goods and services and putting off the budget cuts and tax increases for a few years.
This isn't even close to what's happening. And as the space between what these experts think should happen and what global elites are actually doing grows, the experts' forecast is becoming more and more pessimistic.
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (0)Topics: Bruce Bartlett, Economy, Newt Gingrich, Payroll Tax Cut, Ronald Reagan, Stimulus
Rick Perry
Former Reagan Official: 'Rick Perry's An Idiot'
Ronald Reagan's chief domestic policy adviser took Texas governor Rick Perry to the woodshed Friday for recent controversial statements -- in particular about his suggestion that Fed Chairman Ben Bernanke would be committing treason by printing money to boost economic growth.
"Rick Perry's an idiot, and I don't think anyone would disagree with that," Bruce Bartlett said on CNN's American Morning.
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (0)Topics: Barack Obama, Ben Bernanke, Bruce Bartlett, Economy, Federal Reserve, George H.W. Bush, Rick Perry, Ronald Reagan
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