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Fred Thompson on Keynesianism: Do Your Part, Spend More Money

Posted By Rob Bluey On December 22, 2008 @ 11:57 am In Enterprise and Free Markets,Scribe | 4 Comments

Former Sen. Fred Thompson (R-TN) offers his blunt assessment of the $850 billion stimulus package ^[1] that congressional liberals and President-elect Barack Obama have suggested to boost the economy. Thompson says this about the much-ballyhooed infrastructure spending ^[2]: “My favorite stimulus idea is to give everybody who needs a job a shovel. We put half the people to work digging holes. We get the other half to fill them up.”

Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org

URL to article: http://blog.heritage.org/2008/12/22/fred-thompson-on-keynesianism-do-your-part-spend-more-money/

URLs in this post:

[1] $850 billion stimulus package: http://www.washingtonpost.com/wp-dyn/content/article/2008/12/18/AR2008121804204.html?hpid=topnews

[2] infrastructure spending: http://www.heritage.org/Research/Economy/bg2222.cfm

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