Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (3217)	2/25/2009 1:16:05 AM
From: tejek	Read Replies (1) \| Respond to of 3816

"Never," Rep. Tom Cole (R-Okla.) said when voting against the stimulus, "have so few spent so much so quickly to do so little." Three of his contentions are correct. The $787 billion price tag is probably at least two-thirds too low: Add the cost of borrowing to finance it, and allow for the certainty that many "temporary" programs will become permanent, and the price soars far above $2 trillion. But Cole's last contention is wrong. The stimulus, which the Congressional Budget Office says will, over the next 10 years, reduce GDP by crowding out private investment, already is doing a lot by fostering cynicism in the service of opportunism. Republicans: part of the problem, not the solution.