Tuesday, July 06, 2010

By Brent Baker
Mon, 07/05/2010 - 13:05 ET

“The side that talks about the need to rein in the federal government” is “not very rational,” yet “is winning” the debate over whether to pass another “stimulus” bill, Al Hunt regretted on Sunday’s This Week on ABC.

The former Washington Bureau Chief for the Wall Street Journal, who’s Washington Editor for Bloomberg where he hosts Bloomberg TV’s Political Capital show, fretted over how “right now, that argument – that we have to rein in because the stimulus didn’t work -- well, I think most economists would say the stimulus did work in the sense it would have been a lot worse if there hadn’t been one.”

Hunt’s assessment came in reaction to an outnumbered Dan Senor, the lone voice on the panel against additional government spending to spur the economy and who warned of a Greece in our future. New York Times columnist Paul Krugman charged the 2009 stimulus bill wasn’t big enough and proposed that in the face of a likely $20 trillion debt in ten years, “whether we borrow another $500 billion now” is “really trivial,” Cynthia Tucker of the Atlanta Constitution yearned for a new “robust stimulus” and Jorge Ramos of Univision declared: “We need more government intervention.”



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