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Blog Entries tagged 'stimulus plan'

10 Absurd Conservative Myths About Obama's Recovery Plan

By Sara Robinson, on Alternet

Here it is: our moment of economic truth. We're standing at that historic fork in the road where the nation decides, now and for the foreseeable future, whether it's going to hang on to the catastrophic assumptions of the free-market fundamentalists and rely once more on the nostrums that have so far failed to fix the mess, or take a bold step down a new, more progressive path that will finally re-empower the American people to build an economy that works for us all.

As usual, the conservatives have absolutely no conscience about what they did to create this mess. If they did, they'd all be holed up in their gated communities or on their private islands, embarrassed into silence at best and terrified of peasant uprisings at worst. Instead, they're jetting into D.C. en masse in a last-ditch attempt to head the country off -- or at least make sure that any money that does get spent ends up, as it always has, in their pockets.

To that end, the self-serving myths are starting to fly so thick and fast that the staff here at CAF has been working full-time to keep ahead of them. Here's some of what they're flinging in this latest B.S. storm -- and what you need to know to fire back.

1. The proposed recovery package is too big.

False. Most progressive economists agree (and Paul Krugman is downright emphatic) that it's going to take a minimum of a trillion dollars of well-placed investment to pull our economy out of this ditch. This is no time for half-measures, blue-ribbon committees, pilot projects, or trial balloons: this is a life-or-death crisis that requires immediate and massive intervention.

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January 9th, 2009