Friday, February 6, 2009
Remember this table the next time you hear a cable talking head, Rethug pundit hack or Rethug politician talk about how tax cuts are the way out of the mess they created. Tax cuts don't result in economic stimulus in nearly the way direct spending would.
Btw, the source for the analysis isn't some "librul" outfit. It's Moody's Investor Service, an old and respected risk analysis and research firm.
(note: they might want to hire a proofreader for their text; it's "Bang" for the buck, not "Bank.')