Bi-Partisan Dissaproval of Government’s Role in Recession

Patrick Tyrrell / January 21, 2010

It’s a common refrain among progressives when criticizing free-market economic policy – “Conservatives are out of touch”. Conservatives don’t know how to create jobs, the progressive echo chamber booms. What we need to do is to spend our way out of the recession President Obama announces. The only people who think that government stimulus doesn’t work are at Conservative think tanks like The Heritage Foundation they go on.

In this, as in so many other things, progressive policy analysts are out of touch. In reality, hundreds of experts agree from across the political spectrum that deficit spending by government to stimulate the economy is ineffective as a cure to recessions and may actually cause many more economic problems.

An article in this week’s Barron’s magazine (January 18, 2010) is further evidence of widespread dissatisfaction with current economic policy in Washington. In the magazine’s bi-annual roundtable discussion with star investors, panelists appear to agree on one thing: the way Washington is responding to the economic crisis is contributing to the poor economy. (more…)