To: [email protected] Subject: CATO TODAY: Dissent on the Stimulus Bill; A Story of Eminent Domain Abuse Date: Wed, 28 Jan 2009 09:51:36 -0800 From: [email protected] Cato Today Subscribe to a text only version by sending us an email here. January 28, 2009 Add [email protected] to your Address Book to avoid spam filters Jump to: Commentary: $646,214 Per Government Job; Bush's Legacy: The End of an Error Daily Podcast: Suzette Kelo: A Story of Eminent Domain Abuse Cato Blog Highlights: Obama's 'bold' action on climate change Featured Media: Dan Mitchell discusses CEO pay on ABC's 20/20 Recent Papers, Testimony, & Legal Briefs Books and Periodicals: New Cato Policy Report MR. PRESIDENT, WE DISAGREE President Obama says that "economists from across the political spectrum agree" on the need for massive government spending to stimulate the economy. In fact, many economists disagree. Hundreds of them, including Nobel laureates and other prominent scholars, have signed the statement that appears in the Cato Institute's New York Times ad. Fiscal Reality Central Full-page Ad Rejecting Obama's Stimulus "Consensus" DAN MITCHELL ANALYZES OBAMA'S $825 BILLION PLAN TO MAKE AMERICA MORE LIKE FRANCE Cato Institute senior fellow Dan Mitchell challenges the new administration's economic plans to date. "After eight years of higher spending and more intervention, some of us were hoping for change. Unfortunately, President Obama apparently wants to be George Bush on steroids. I explained in a previous video (http://www.cato-at-liberty.org/2008/12/15/are-we-all-keynesians-now) why Keyneisan economics was misguided. The much-anticipated sequel is now available for your viewing pleasure." COMMENTARY NEW! $646,214 Per Government Job, by Alan Reynolds. If the intent of the plan is to alleviate unemployment, why spend over half of the money on sectors where unemployment is lowest? Another 22.5% of the $550 billion would go to social programs, such as expanding food stamps and extending benefits for the unemployed and subsidizing their health insurance. After subtracting what House Democrats hope to spend on government payrolls, health, education and welfare, only a fifth of the original $550 billion is left for notoriously slow infrastructure projects, such as rebuilding highways and the electricity grid. NEW! Bush's Legacy: The End of an Error, by Malou Innocent. The Iraq invasion will certainly be remembered for many things, not the least of which includes falsified documents regarding Nigerian yellow-cake uranium and erroneous claims about Saddam's links to al Qaeda. But more damning than the details was Bush's big picture blunder: his refusal to consider the costs of diverting our attention and military resources into Iraq and away from Afghanistan. As a result, the Afghan mission is now in peril as security conditions in that region continue to deteriorate. The full adverse impact of Bush's decision may not be felt for years to come. DAILY PODCAST (Subscribe on iTunes, ) SPECIAL! A Story of Eminent Domain Abuse featuring Suzette Kelo, 1/28/2009 (5:32) NEW! Investing Abroad, Investing at Home, featuring Daniel T. Griswold, 1/28/2009 (7:02) What Did the New Deal Do? featuring Thomas A. Firey, 1/27/2009 (8:05) Coordinated Care Versus Government, featuring Arnold Kling, 1/26/2009 (11:27) CATO BLOG HIGHLIGHTS - OBAMA'S BOLD ACTION ON CLIMATE CHANGE NEW! On Cato's daily blog, c...@liberty, senior fellow Jerry Taylor examines the President's climate change plans in greater detail. "The only way to reduce greenhouse gas emissions is to increase the marginal price of fossil fuels OR to strictly ration their availability. Everything else is a dodge. Reducing the marginal cost of energy or energy-related services which is exactly what energy efficiency standards do will not, in aggregate, reduce energy consumption." To read Taylor's full post, click here. MEDIA HIGHLIGHT (Subscribe on iTunes, ) NEW! In today's media highlight, Dan Mitchell discusses CEO pay on ABC's 20/20 (5:41) RECENT PAPERS, TESTIMONY, & LEGAL BRIEFS A Matter of Trust: Why Congress Should Turn Federal Lands into Fiduciary Trusts, by Randal O'Toole (January 15, 2009) Citizens United v. Federal Election Commission Amicus Brief, by Ilya Shapiro (January 14, 2009) Does the Doctor Need a Boss? by Arnold Kling and Michael F. Cannon (January 13, 2009) "Shipping Jobs Overseas" or Reaching New Customers? Why Congress Should Not Tax Reinvested Earnings Abroad, by Daniel T. Griswold (January 13, 2009) BOOKS AND PERIODICALS NEW! Cato Policy Report with articles on the return of big government, lessons of the subprime crisis, hoping for freedom, and more. Climate of Extremes: Global Warming Science They Don't Want You to Know, by Patrick J. Michaels and Robert C. Balling, Jr. Regulation (Winter 2008) features articles on financial clearinghouses, GSEs, water markets, patents' effect on innovation, investor activism, and insurance regulation. Cato Handbook On Policy, 6th Edition, edited by Edward H. Crane and David Boaz UPCOMING EVENTS February 4, 2009 In Search of Jefferson's Moose: Notes on the State of Cyberspace 12:00 PM (Luncheon to Follow) Cato Book Forum Featuring the author, Temple University Law Professor David Post; Clive Crook, Chief Washington Commentator of the Financial Times and Senior Editor of The Atlantic Monthly; and Jeffrey Rosen, Professor of Law at The George Washington University and Legal Affairs Editor of The New Republic; moderated by Jim Harper, Director of Information Policy Studies at the Cato Institute. February 10, 2009 A Service to the Economy: The Importance of Free Trade in Services 12:00 PM (Luncheon to Follow) Cato Policy Forum Featuring Bob Vastine, President of the U.S. Coalition of Services Industries; Christine Bliss, former Assistant USTR for Services and Investment; and Aaditya Mattoo, World Bank. Moderated by Sallie James, Policy Analyst, Cato Institute. NEW! February 18, 2009 Falling Behind: Explaining the Development Gap Between Latin America and the United States 12:00 PM (Luncheon to Follow) Cato Book Forum Featuring the editor Francis Fukuyama, Professor of International Political Economy, School of Advanced International Studies, Johns Hopkins University; with comments by Norman Loayza, Lead Economist, Research Department, World Bank; moderated by Ian Vásquez, Director, Center for Global Liberty and Prosperity, Cato Institute. Video and audio of all Cato events are archived online. Was this forwarded to you? Sign yourself up! 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