Thursday, March 12, 2009

When Governors Get it Wrong

http://www.cnn.com/2009/POLITICS/03/11/stimulus.sanford/

South Carolina's Gov. Sanford has been an outspoken critic of the Obama Administration and its $800 billion stimulus package.
But to compare the United States economic situation with that of Zimbabwe shows a crucial misunderstanding on Sanford's part of economics and history.
He wants to scare people, and it's an ineffective tactic. Perhaps what he needs to do is find someone who can analyze numbers and put it in real terms where Jane and Joe Q. Public will understand the impact of borrowing against the future.

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