“Defense Spending Would Be Great Stimulus”

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From the Keynesian Street Journal:

As President-elect Barack Obama and his economic advisers recognize, countering a deep economic recession requires an increase in government spending to offset the sharp decline in consumer outlays and business investment that is now under way.

Martin Feldstein says, Why spend later when you can spend now? I swear, each day’s headlines are pure comedy.

6:21 am on December 24, 2008