By Warner Todd Huston ——Bio and Archives--August 17, 2011
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As the economy worsens, President Obama and his senior aides are considering whether to adopt a more combative approach on economic issues, seeking to highlight substantive differences with Republicans in Congress and on the campaign trail rather than continuing to pursue elusive compromises, advisers to the president say.
A wide range of economists say the administration should call for a new round of stimulus spending, as prescribed by mainstream economic theory, to create jobs and promote growth. It is clear that the House would never pass such a plan.Of course, that “wide range of economists” that say a new stimulus is necessary is made up wholly of socialists and left-wingers. It may be a “wide range” of people, but they do not subscribe to a “wide range” of ideological ideas. Further that “mainstream economic theory” they are talking about — without mentioning it by name, notice — is Keynesian theory, a theory that has now been thoroughly discredited. Hence why the Times won’t use the name! Totally slanted “news” either way. Typical of the left-wing New York Times.
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Warner Todd Huston’s thoughtful commentary, sometimes irreverent often historically based, is featured on many websites such as Breitbart.com, among many, many others. He has also written for several history magazines, has appeared on numerous TV and radio shows.
He is also the owner and operator of Publius’ Forum.