Sunday, September 25, 2011
I must admit to not being impressed by this University of Chicago Economics Professor who won the Nobel Prize. He voted for Obama for very inadequate reasons -- Obama was black and he sounded smart. Similarly, for weak reasons he accepted the Democratic stimulus -- "If you think Bernanke did a great job tossing out a trillion dollars, why is it a bad idea for the executive to toss out a trillion dollars? It's not an inappropriate thing in a recession to push money out there and trying to keep spending from falling too much, and we did that." Not a word about how slowly the money was to be spent or the objects of that spending.