Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (94288)	2/16/2009 5:50:38 PM
From: Metacomet	4 Recommendations Read Replies (2) of 116555

Not sure that Koan is suggesting that you can spend your way to prosperity, or even that there is a free lunch. The nuance that seems to elude many here is that, as Clinton proved, as contrasted with the trickle down wet dream of GOP dogma, the key to prosperity is employment. Unless a means of braking our freefall in jobs and returning some of the mounting legions of economic DP's to participation in the economy, there isn't much left other than hand wringing and bitching about the situation. As Obama pointed out there is no difference between spending and stimulus. Much as certain asinine congress critters would have us believe, stimulus of necessity has to involve spending. And tax cuts are merely preemptive government spending. We are at a place where the only game in town is stimulus. Saying it is a fools game is not an alternative. It is a copout by the folks whose beliefs got us here in the first place.

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