No Disagreement?

clipped from gatewaypundit.blogspot.com "There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy." President-Elect Barack Obama January 9, 2009 With all due respect Mr. President, that is not true. Notwithstanding reports that all economists are now Keynesians and that we all support a big increase in the burden of government, we the undersigned do not believe that more government spending is a way to improve economic performance. More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan’s “lost decade” in the 1990s. As such, it is a triumph of hope over experience to believe that more government spending will help the U.S. today. The signers include some prominent names, including those of Nobel prize winners James Buchanan, Edward Prescott and Vernon Smith.