WSJ.com - Commentary: Feel-Good Economics

 

Powered by           A new rebate probably won't do much harm. But anyone who thinks it will prevent a recession -- if one is actually in the pipeline, which is not at all certain -- is dreaming. It's an insult to Keynes even to call a tax rebate Keynesian economics. It should be called "feel good economics" because its only real effect is to make politicians feel good about themselves and buy re-election with the public purse.             Click the following to access the sent link:       WSJ.com - Commentary: Feel-Good Economics* This article will be available to non-subscribers of the Online Journal for up to seven days after it is e-mailed.                 Get your EMAIL THIS Browser Button and use it to email information from any Web site.           *This article can also be accessed if you copy and paste the entire address below into your web browser. http://online.wsj.com/wsjgate?subURI=%2Farticle%2FSB120070786488902199-email.html&nonsubURI=%2Farticle_email%2FSB120070786488902199-lMyQjAxMDI4MDIwMTcyMDE3Wj.html