Jan 2, 2009

Bob Rodriguez on the futility of economic stimulus

[President-elect Barack Obama] will try to stimulate spending with one foot on the gas, while consumers are pushing on the brake [by saving.] We're in for a very discontinuous environment.

~ Bob Rodriguez, "The Doomsayers Who Got It Right," The Wall Street Journal, January 2, 2009, by Jeff Opdyke

(Thus, he says, the economy will sputter in fits and starts. The recession will deepen over the next six to 18 months.)

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