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Turning Economy Around A Daunting Task For Obama

Publication Date: 
November 05, 2008
San Jose Mercury News
Pete Carey

Professor Joseph A. Grundfest is quoted in a San Jose Mercury News article about what the economic priorities should be for newly elected President Obama:

"Smart deficit spending invests in infrastructure, supports research in alternative energy, builds broadband access, and develops productive capital resources," said Joseph Grundfest, Stanford law professor and director of the Rock Center for Corporate Governance. "Dumb deficit spending sprays money around without leaving much to show for the effort."