Wednesday, January 23, 2008

THANK YOU Senator Gregg of New Hampshire

Government has a much greater ability to screw up the economy than to help it but few politicians will admit the obvious.

Link

"To the extent that the government steps in, it's often too late and when it takes effect ... it aggravates the overall debt structure," Gregg told a handful of reporters in the Senate press gallery Tuesday afternoon.

In other words, sending people checks months after an economic downturn has begun will not fix the economy, but it sure will make politicians feel good about themselves.