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Peter Schiff explains that we need to stimulate savings and production that the stimulus bill well depress that, making the situation worse. A severe recession is the price that must be paid for years of reckless borrowing and spending.
Is this the sort of thing we’ll see in coming years?
Obama has run and, surprisingly, sustained one of the best managed campaigns since at least Reagan ‘84, but I believe he made a significant mistake by going after McCain with recent “Joe Plumber” attack lines. “A plumber is the guy he is fighting for”, Obama said sarcastically to a revved up crowd Thursday. Ironically, if Obama truly convinces the median voter that McCain is “fighting for plumbers”, then he will likely lose Ohio and Pennslyvania.
Cato Institute scholars Alex Nowrasteh, Aaron Ross Powell, Trevor Burrus, Benjamin H. Friedman, Simon Lester, Neal McCluskey, Mark Calabria, Dan Mitchell, Justin Logan, Patrick J. Michaels, Walter Olson and Jim Harper respond to President Obama’s 2014 State of the Union Address.