Thursday, March 26, 2009

The Trouble with Obama´s New Deal - Newt Gingrich - March 12, 2009

In "The Trouble with Obama´s New Deal," an editorial published in the March 12, 2009 edition of TIME magazine, former House Speaker Newt Gingrich argues "the policies of this Administration and the Democratic Congress are making it difficult to stabilize the stock market and much harder to get successful people to invest in American jobs."  Yet, contrary to what Gingrich would have you believe, the problem is not that we have not been insufficiently generous to businesses or excessive in regulation of them.  Recessions are caused by insufficient overall spending in the economy.

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