** Private ** wrote: > http://www.washingtontimes.com/news/2009/feb/04/cbo-obama-stimulus-harmful-over-long-haul/
> CBO, the official scorekeepers for legislation, said the House and Senate > bills will help in the short term but result in so much government debt that > within a few years they would crowd out private investment The predicted 0.1 to 0.3 percent of GDP is well within the margin of error. If you want to know about the real danger posed by an economic stimulus the following article is a must-read (even if it is just for the perspective the first alinea offers): http://blogs.ft.com/maverecon/2009/01/can-the-us-economy-afford-a-keynesian-stimulus/ And the following is an interesting addition on the lack of credibility of the US (and UK) government: http://blogs.ft.com/maverecon/2009/02/fiscal-expansions-in-submerging-markets-the-case-of-the-usa-and-the-uk/ Compared to a 40% devaluation of the dollar, 0.1 to 0.3 percent of GDP is not significant. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:287665 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
