Center for Freedom and Prosperity Foundation
For Immediate Release
Monday, January 26, 2009
New Video Shows Obama's So-Called Stimulus Plan Will Grow Government, Not the Economy
(Washington, DC, January 26, 2009) The Center for Freedom and Prosperity Foundation today released a new mini-documentary discussing
President Obama's proposed stimulus plan. Entitled "Obama's So-Called Stimulus: Good For Government, Bad For the Economy," the video explains why the
proposal is best described as a combination of ineffective government spending and gimmicky tax cuts. The video's narrator, Daniel Mitchell of the Cato Institute,
explains that history provides ample evidence that smaller government is the true recipe for economic growth.
YouTube Link: http://www.youtube.com/watch?v=2mKE16Exh9k
Other Links to the video:
Google | Yahoo | Capitol Hub
"President Obama's plan to expand the burden of government is misguided," said Andrew Quinlan the president of CF&P Foundation.
"Redistributing wealth while increasing the size of government is not a recipe for real economic growth. We need a plan that encourages work, savings and investment," added Quinlan.
The video discusses the highlights of the stimulus plan – subsidies for state governments, mass transit pork, and tax-code-disguised welfare – and assesses their harmful impact on the economy.
Executive Summary for the Obama's So-Called Stimulus: Good For Government, Bad For the Economy video:
"President Obama wants Congress to dramatically expand the burden of government spending. This CF&P Foundation mini-documentary explains why such a policy, based on the discredited Keynesian
theory of economics, will not be successful. Indeed, the video demonstrates that Obama is proposing - for all intents and purposes - to repeat Bush's mistakes. Government will be bigger, even though global
evidence shows that nations with small governments are more prosperous."
The following is the link to other CF&P Foundation videos including Tax Competition Primer, Global Flat Tax Revolution, Cutting the U.S. Corporate Income Tax., a three part series on the Benefits of Tax Havens and a another three-part series on the Laffer Curve.
* * * * * * * * * * * *
Web Links to Obama's So-Called Stimulus Video:
For additional comments:
Andrew Quinlan can be reached at 202-285-0244, firstname.lastname@example.org
Dan Mitchell can be reached at 202-218-4615, email@example.com
# # #