US Stimulus Plan Good For Government, But Not Economy, CF And P Says

by Mike Godfrey, Tax-News.com, Washington

28 January 2009

The Center for Freedom and Prosperity Foundation (CF&P Foundation), the free market think tank, has released a new mini-documentary discussing President Obama's proposed stimulus plan.

Entitled "Obama's So-Called Stimulus: Good For Government, Bad For the Economy," the video argues that the proposal is best described as a "combination of ineffective government spending and gimmicky tax cuts."

"President Obama's plan to expand the burden of government is misguided," said Andrew Quinlan the president of CF&P Foundation. "Redistributing wealth while increasing the size of government is not a recipe for real economic growth. We need a plan that encourages work, savings and investment," added Quinlan.

The video discusses the highlights of the stimulus plan – described as "subsidies for state governments, mass transit pork, and tax-code-disguised welfare" – and assesses how they might harm the US economy.

"President Obama wants Congress to dramatically expand the burden of government spending. This CF&P Foundation mini-documentary explains why such a policy, based on the discredited Keynesian theory of economics, will not be successful," explains the video's the executuve summary.

"Indeed, the video demonstrates that Obama is proposing – for all intents and purposes – to repeat Bush's mistakes. Government will be bigger, even though global evidence shows that nations with small governments are more prosperous," the Foundation argues.

Recommended