Rachel Maddow chastises the President for his supposed plan to freeze federal spending:
Maddow argues that anyone who's taken an introductory macroeconomics course knows that you don't reduce federal spending during a recession. And, certainly, that seems to be the prevailing wisdom these days.
But it's not the only perspective. Perhaps Maddow should watch the second half of this video:
Here's another point that Maddow may be loath to acknowledge:
While it's true that two-thirds of economists surveyed by USA Today seem to favor a second stimulus, one third of those surveyed also said that they prefer tax cuts as the primary stimulus method.
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