"What luck for the rulers that men do not think." -Adolf Hitler
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"If the government robs Peter to pay Paul, he can count on the continued support of Paul.

Saturday, February 6, 2010

Morning Bell: Second Stimulus, Same as the First

"And the specific policies being talked about on Capitol Hill for this second round of stimulus are particularly pernicious. The $5,000 tax credit for any business that hires a new worker not only does not create any incentive for already-struggling companies to begin hiring, it could even result in some currently unemployed individuals remaining unemployed until the tax credit is passed into law, or similarly, some companies firing some workers and then re-hiring once the tax credit is passed into law."

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