Friday, June 19, 2009

Here are some good questions 

I'd just like to repeat a simple question I asked at the beginning of the Obama administration: which would you rather have, the fiscal stimulus or $775 billion in public health programs?

Even better, how about $300 billion in stimulus -- the immediate stuff like aid to state governments -- and $475 billion in public health programs?

At the time no one except a few progressives thought such a question was particularly relevant.

Note that the economy has seemed to stabilize, more or less, and well under ten percent of the stimulus money has been spent to date. Moving forward, if no further major programs will be put into place, how would you like to spend the rest of that cash?

Tyler Cowen this morning. I'd vote for a simple rescission, and offer Mr. -- oh yes, Barb, you're right, President Obama -- a mulligan. We always offer those on the first hole.

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