Marc Faber: Obama's Job Package 'a Complete Joke'

Image by twid via FlickrThe package is “another complete failure of Keynesian economics and corrupt interventions,” Faber told CNBC.com on Friday morning.

Other economists have welcomed the plan as it attempts to boost employment.

Faber's major problem is that governments around the world should be attempting to cut spending, not spend more.

“This all amid talk of deficit reductions,” said Faber. The package is a “complete joke.” More...