OPINION_ Obama’s Bad Stimulus Example

THE WALL STREET JOURNAL

OPINION  -   COMMENTARY


Obama’s Bad Stimulus Example

Democrats want to repeat the 2009 strategy of paying Americans not to work.


By Arthur Laffer and Stephen Moore
March 20, 2020 7:03 pm ET


President Trump is negotiating with Congress over a massive stimulus plan to combat the severe economic and financial fallout from the coronavirus. One idea that seems to be catching on is a check of up to $1,200 to be mailed to every American, while Democrats in Congress want paid-leave policies and expanded welfare benefits. These may provide some needed temporary relief for families but are unlikely to help lift the economy. Keynesian stimulus almost always fails, and often makes the downturn worse and the eventual recovery weaker.

Mr....

READ MORE: https://www.wsj.com/articles/obamas-bad-stimulus-example-11584745388?mod=hp_opin_pos_2


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