Thursday, February 5, 2009

Best Analogy Yet for Pork Stimulus Package

Loved last week’s Walter Williams piece on the "stimulus" plan. It gives a good explanation of how government spending impacts private spending and the overall GDP. He also comes up with a great image/analogy for the whole mess: "Imagine you see a person at work taking buckets of water from the deep end of a swimming pool and dumping them into the shallow end in an attempt to make it deeper. You would deem him stupid. That scenario is equivalent to what Congress and the new president proposes for the economy."

Submitted by ASO member: Washington Times Reader

1 comment:

Anonymous said...

That's a very poor analogy. Global economic is rather difficult to understand, but worth the time. Read a few articles on what, specifically, is happening to the economy and why. Then try write another blog post with your own analogy, instead of just quoting one from a lazy reporter.

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