Economists Warn Obamanomics Could Create Depression; WSJ's Moore Respo

Jeff Poor
September 8th, 2009 11:27 AM
It's clear that President Barack Obama's $787-billion stimulus hasn't worked as advertised, but some economists are worried it could backfire and cause something much worse. According to a new study by economists Charles Rowley of George Mason University and Nathanael Smith of the Locke Institute and endorsed by Nobel laureate James Buchanan, the Keynesian tactics employed by Obama "will…