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Politics : View from the Center and Left

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To: JohnM who wrote (114466)	7/3/2009 10:23:01 AM
From: Dale Baker	Read Replies (3) of 543023

The question no one wants to deal with - if we haven't spent enough fast enough, why? Because no private company or bureaucracy can spend that much money that fast unless they hand the money out on street corners or just give every company in the Fortune 500 a $1 billion grant tomorrow. Can't be done. So if we pass a second stimulus, what happens? More appropriated funds sit in the pipeline waiting for the system to get them spent. It's all neat and slick from an economist's office; they don't have to go out and get anything done. I'd like to see Krugman's plan for how to spend the first stimulus package this fiscal year before we go any further. But I won't hold my breath. He doesn't live in a world where messy practicalities intrude on his models.

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