Wow, you know the stimulus bill sucks when Russian Prime Minister Vladimir Putin comes off as the voice of experience and reason. Speaking to the World Economic Forum in Davos, Putin said this of the US stimulus package:
“Interference of the State, the belief in the omnipotence of the State: that is a reaction to market failures. There is a temptation to expand direct interference of state in economy. In the Soviet Union that became an absolute. We paid a very dear price for that.”
I can’t argue with that logic, especially given the source.
Thursday, January 29, 2009
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