I just heard the most outrageous news story on WCBS Radio!!

[BrklynLiberal]

They had a story that there were hundreds of economists, including Nobel Laureates who were saying that the stimulus package would not work.
They had taken out a full page ad saying this. He interviewed one of the leaders who said that all the spending done by FDR did not ease that Depression and was the reason we had inflation in the 70s. He said that even temporary tax cuts were not enough, and permanent tax cuts were the only answer. I was waiting for the newscaster to ask why they did not work during the Chimp administration, but he never touched on that.
Then he says this guy is from a NON-PARTISAN think-tank..THE CATO INSTITUTE!!!! The kindest thing one could say about Cato is that they are libertarian!!!!'I am so pissed at this total misrepresentation of everything in that newscast, I am writing to the station and would hope you would too.
They never mentioned the Nobel Laureate named Krugman who supports this stimulus and would like to see even more spending.

I tried to find some reference to this on their site, but could not.
It was between 3:30-4:00PM in NYC.

If anyone else heard it, or is just plain angry that the media is STILL spreading such crap, please write to them and tell them.

Thank you.