Joseph Weisenthal

Don’t listen to Drudge. The stimulus needs some major cheddar.

peterfeld:

No one should worry about the deficit. The trouble is not pumping too much money into the economy but too little. China used a massive stimulus and they’re already out of recession. And really, we shouldn’t even care if it’s “wasted” on stuff that sounds stupid — and no part of the stimulus is a stupider waste than the huge tax cuts Obama included in a pointless attempt at bipartisanship, because we get exactly nothing for all that giveaway — just as long as it finds its way back into the economy.

Feld’s reasoning is so bad here, that I felt compelled to respond on my serious blog, Clusterstock.