Obama's Stimulus Promotes Inflation by ProQuest


Economists say that this unprecedented public borrowing could "crowd out" private capital that otherwise would be used to expand existing businesses and start new ones, thus shackling the next generation with nogrowth prospects. * Pres. Barack Obama's pledge of transparency in his new Administration is rendered meaningless by exempting this bill from the budget disciplines and cost disclosure requirements of all other legislation. By allowing House and Senate leaders Nancy Pelosi and Harry Reid to assemble this bill the old-fashioned way - larding it up with economically unsound projects cynically included to buy votes - the new President risks breaking faith with the American people on a matter of moral as well as political integrity.

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