Randall Amster: Obama's Economic Paradox: Can You Have "Bailout" and "Stimulus" at the Same Time?

www.mashget.com - 15th Feb 2009

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George Bush: By now the next phase of the "stimulus-bailout" plan is ready to be implemented. This version totals around $800 billion, plus interest that brings it to over a trillion dollars. Republicans stand aghast in near-unison, lambasting the plan variously as "closet socialism," "larded with pork," and insufficiently stimulative (arguing in essence that "it could take a few years for any benefits to materialize"). President Obama and the Democrats argue (a la George W. Bush, ironically) that the...

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