Wednesday, July 8, 2009

CNBC's Harwood Suggests Tax Cuts May Have Been More Stimulative

Harwood on CNBC's July 6 "Squawk Box" noted that the stimulus was not working as well as the Obama Administration had promised - this coming in the wake of comments from Vice President Joe Biden that the economy was "misread" by the administration.

"The solution to get it "out the door" might have been tax cuts - to stimulate the economy in a timelier manner. Certainly if you think tax cuts were the best option, you could have gotten more of that money out quicker."

Question for CNBC Chief Washington Correspondent John Harwood: Where were you six-and-a-half months ago?

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FLASHBACK > Cantor says Biden misread stimulus, not economy
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