"The claim made by Team Obama that every dollar in stimulus translates into a dollar-and-a-half in growth is economic fiction. The costs of stimulus reduce future growth. No country has ever spent itself to prosperity. The price of stimulus has to be paid sometime"
- Karl Rove
About this Quote
Karl Rove is criticizing the claim made by Team Obama that every dollar in stimulus equates into a dollar-and-a-half in growth. He is arguing that the costs of stimulus decrease future growth, and that no country has ever invested itself to prosperity. He is suggesting that the cost of stimulus needs to be paid at some point, which it is not a sustainable solution for economic growth. He is indicating that the claim made by Team Obama is not based in truth, which it is an example of economic fiction. He is alerting that the expenses of stimulus will eventually have to be paid, and that it is not a feasible solution for long-lasting economic growth.
This quote is written / told by Karl Rove somewhere between December 25, 1950 and today. He/she was a famous Politician from USA.
The author also have 25 other quotes.
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