Economists Against Stimulus Package? Impossible!

How in the world can economists discard the foregone conclusion that huge government intervention is needed RIGHT NOW to avoid financial catastrophe? Oh--because they understand economics, and don't turn a blind eye to history.

Here's an ad from libertarian the CATO institute castigating the Obama administration and its support of the proposed government "stimulus" package, signed by various faculty from hudreds of universities. Click on the image to read the entire piece.

So if reducing the government burden on the economy is Economics 101, why are all the leftie politicians so gung ho about the stimulus package? As White House Chief of Staff Rahm Emmanuel put it, "You never want a serious crisis to go to waste." Yeah, way to put country first there, Rahm.