With All Due Respect, Mr. Specter

“The country cannot afford not to take action,” Senator Arlen Specter writes in the Washington Post justifying support for the “stimulus” package, mimicking the statement by President Obama “There is no disagreement that we need action by our government.”

In a new video, the Cato Institute and economists signing on to their letter opposing the stimulus explain why the stimulus won’t improve the economy and why, yes, doing nothing would be better.  I especially enjoy Dan Mitchell’s comparison of Obama’s stimulus to the policies of George W. Bush toward the end.  Wasn’t Obama’s campaign slogan “More of the same you can believe in?”