Chuck Schumer just cited “conservative economist” Martin Feldstein’s support of the stimulus. Unfortunately, Schumer appears unware of Feldstein’s change of heart:
An $800 Billion Mistake
By Martin Feldstein
Thursday, January 29, 2009; Page A19
As a conservative economist, I might be expected to oppose a stimulus plan. In fact, on this page in October, I declared my support for a stimulus. But the fiscal package now before Congress needs to be thoroughly revised. In its current form, it does too little to raise national spending and employment. It would be better for the Senate to delay legislation for a month, or even two, if that’s what it takes to produce a much better bill. We cannot afford an $800 billion mistake.






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