New Stimulus Package Cuts “Disastrous”

By Ben Cohen

Renowned Economist J.K Galbraith is not happy about the bailout:

“The behavior of the so-called bipartisan group has been outrageous. On


the economics, they are pretending to know things they can’t possibly


know: specifically, (a) how deep and serious the crisis actually is,


and (b) what is ‘stimulus’ and what is not. The reality is,


professional economists have no clear idea how bad things can get…..


The cutbacks to state aid have every potential of being disastrous.


What they really reflect is the indifference of people who represent


places like Nebraska and Maine to what goes on in New York or


California.”

Ben Cohen is the editor and founder of The Daily Banter. He lives in Washington DC where he does podcasts, teaches Martial Arts, and tries to be a good father. He would be extremely disturbed if you took him too seriously.