New York University economics professor Thomas Sargent:
The calculations that I have seen supporting the stimulus package are back-of-the-envelope ones that ignore what we have learned in the last 60 years of macroeconomic research.
Back of the envelope worked for Lincoln on his way to Gettysburg (Bob Newhart told us so), but for us in this day?
Consider David Axelrod’s reaction, per WSJ.com’s Political Diary, to being asked about whether it will work:
Mr. Axelrod told Fox News that he didn’t view the CBO [Congressional Budget Office] [pessimistic] findings as important. He said the government has no choice but to act quickly in the current “national emergency” and “that a lot of these investments are ones that are going to pay dividends in the short term and the long term.”
This way lies madness. Act quickly doing what? Does it matter? Of course. So where does A-rod come off dismissing these economist hotshots hired by Congress and led by a Dem appointee? Hack.
Blithe Spirit 
Prior to Election Day, Axelrod (that’s a nice touch, calling him “A-Rod”) was the most dangerous man in America, a title now held by the usurper-in-chief. Neither man gives a fig for economic stimulus. All they care about is power. Indeed, the U-I-C despises stimulus, because like his father, he knows that it would benefit whites. His goal is to hurt whites, in any and every way imaginable. He seeks to disenfranchise and dispossess the white race, just as his father sought in Kenya. I’ll go into the specifics in an article, as soon as I get out from under a bunch of other mss.
What I wouldn’t give to be able to expose the machinations of “A-Rod” that got the U-I-C installed as president-for-life!
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President-for-life is correct, if that NY congressman has his way about removing the restriction to two terms for President from the Constitution.
The “Rev.” Lowrey warned white people that we’re still bad and need to learn how to do right. If that wasn’t an “in your face” threat, I don’t know what is. As Vicki McKenna of WISN Milwaukee said, if you believed in Obama’s post-racial blather, I bet you bought a pet rock also.
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No one ever claimed that Axerod knew anything about economics.
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