By Steven T. Jones
When I criticized Mayor Gavin Newsom’s latest budget plan as bad economics that will do more harm than good to San Francisco, Newsom spokesperson Nate Ballard said I (and the sources I relied on, from Moody’s to congressional Democrats to President Obama) didn’t know what I was talking about.
“OK, so you think he’s wrong. The City’s chief economist Ted Egan thinks he’s right. So does the Mayor’s chief economic advisor, Michael Cohen. I think the Mayor is probably going to go with Ted and Mike!” Ballard wrote (later referring me to this article, as if it proved his point).
Maybe Ballard or Newsom should have actually talked to Egan, who didn’t review Newsom’s plan and doesn’t agree with its premise. Egan told me, “We were in no way saying you should cut taxes to stimulate the economy, particularly if it means reducing government spending.”