Comments on: Stimulus Stew

By: NRafter530

NRafter530 — Mon, 13 Jul 2009 05:11:49 +0000

WWII increased the value of American factories because we were forced to build up the largest defense system ever imagined.

By: Father_Time

Father_Time — Sun, 12 Jul 2009 15:31:09 +0000

superdestroyer–

Again irrelevant. A President must try or be condemned for not trying. The idea that the idea of public stimulus leads to higher taxes, higher unemployment, and, collapsing economy is subjective. Though we obviously need higher taxes, higher taxes under Clinton DID NOT lead to higher unemployment or (laughing a bit here), a “collapsing economy”. If the economy collapses, by whatever degree, the problem was undoubtedly caused by the Bush administration and conservative economic ideology so damaging that a new administration of any kind would be powerless to stop it. It is in reality the final stage of the greatest transfer of wealth, that the nation if not the world has ever seen, that began with the first Bush budget.

By: superdestroyer

superdestroyer — Sun, 12 Jul 2009 14:07:08 +0000

President Clinton was the more libertarian administraiton ever. No new entitlement programs, no changes to the tax laws, no new regulatory programs and right wing programs such as freer trade and welfare reform.

The Obama Administration is a continuation of borrow and spend big government programs that was tried during the Bush Administraiton. Unless the U.S. starts bombing all of the factories in China, India, and Japan, the idea that public stimulus will help the economy will help in the long run will fail. WWII increased the value of American factories because all of the rest of the world's were bombed out of existence. Unless Krugman figures out how to do this, the idea of public stimulus just leads to higher taxes, higher unemployment, and a collapsing economy.

By: Father_Time

Father_Time — Sun, 12 Jul 2009 13:44:32 +0000

Republicans run like cowards when it comes to taking responsibility for our failing economy. President Clinton left us in excellent shape, but well, eight years of dufus conservatism borrow and spend deficits has left President Obama with doing what he can. Which is to provide a stimulus that will either work or delay the republican created inevitable depression. Just like they the first republican depression.

Republican’s govern by Credit Card.

By: superdestroyer

superdestroyer — Sun, 12 Jul 2009 13:03:18 +0000

Krugman is to government spending as the Republicans have become to tax cuts. to Krugman, every problem can be cured with more government spending. Of course, that the future tax hikes required to support current government spending will deter the private sector from investing is something that cannot ever be considered by Krugman and his associates.

The question for the future is can the public sector grow while the private sector collapses?