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Economist Zandi: John Boehner 'just wrong' about Obama stimulus

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Botany Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-25-10 11:58 AM
Original message
Economist Zandi: John Boehner 'just wrong' about Obama stimulus
The facts are the facts the stimulus worked.

http://www.csmonitor.com/USA/Politics/monitor_breakfast/2010/0825/Economist-Zandi-John-Boehner-just-wrong-about-Obama-stimulus


Washington
House Republican Leader John Boehner delivered a stinging critique of Obama Administration economic policies at the City Club of Cleveland on Tuesday in
which he said that “all this stimulus spending has gotten us nowhere.”

When asked about that statement at a Monitor-sponsored breakfast for reporters on Wednesday, Mark Zandi, chief economist of Moody’s Analytics and
co-founder of Economy.com said, “that is just wrong, the stimulus has been very helpful.”

Mr. Zandi was an advisor to John McCain’s presidential campaign. The Wall Street Journal has called him “the de facto chief economist to Congress.”

In noting his disagreement with the Republican leader, Zandi said “we would be in a measurably worse place if not for the stimulus. I don’t think it is any
coincidence that the great recession ended at precisely the same time that the stimulus, and in this case when I say stimulus I am talking about the <[br />American Recovery and Reinvestment Act] ….was providing its maximum economic benefit.” That maximum benefit came in the second and third quarter
of 2009, Zandi said.
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WI_DEM Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-25-10 12:16 PM
Response to Original message
1. I don't think it would be so bad for the DNC to cut a few ads regarding the postitive effects
the stimulus has had--to counter the GOP bullshit.
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Botany Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-25-10 12:22 PM
Response to Reply #1
2. The problem is thanx to the "Citizens United" ruling ....
.... the airwaves are flooded w/ the lies such as the stimulus didn't work and had no positive impact on jobs but
just added to the debt. Astroturf groups such asAmericans for Prosperity are running ads on radio w/ that message
(lie) all the time in Ohio.



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The Magistrate Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-25-10 01:26 PM
Response to Original message
3. Boehner Is Not 'Just Wrong', Sir: Boehner Is A Liar, Telling Lies: People Need To Say So, Always
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