July 10, 2010
-- by Dave Johnson
A video series by Peter Robinson of the Hoover Institution, with Michael Boskin and Edward Lazear of the Hoover Institution and Stanford University begins by stating:
"By January President Obama will have increased the federal deficit more in two years than President George W. Bush did in eight."And stuff like that. It says Obama "tripled the deficit."
So how much more should anyone listen to?
Obama's first budget year will end in September. Bush's last budget year had a deficit of $1.4 trillion, only a fraction of which was from the "stimulus." Even the conservative Cato Institute is pointing out this lie being spread.
These are not economists they are propagandists and Stanford should not allow its good name to be ruined by employing them.
Posted by Dave Johnson at July 10, 2010 9:39 AM
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