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New at Reason: Anthony Randazzo on Why Obama's Stimulus Spending Won't Work
Contrary to
popular belief, writes Anthony Randazzo, the spending programs
implemented during the Herbert Hoover, Franklin Roosevelt, Gerald
Ford, and George W. Bush administrations did not create sustained
economic growth nor did they reduce unemployment long-term. Neither
did Japan's years of stimulus spending in the 1990s bring Japan's
economy out of recession.
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