Rabu, 10 Agustus 2011

Fix the economy with more stimulus spending

James P. Hoffa

The debt deal passed by Congress last week looks like a tragic failure to learn the lessons of history.

I'm afraid that too little federal spending will strangle our economy as it did in the early 1930s. Back then, the country was in dire straits after the stock market crashed and banks collapsed. One-quarter of the work force was unemployed, manufacturing fell by half and banks

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