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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (525925)11/4/2009 1:14:59 PM
From: tejek  Read Replies (1) of 1576882
 
Our main results are that

* a surprise deficit-financed tax cut is the best fiscal policy to stimulate the economy
* a deficit[-financed government] spending shock weakly stimulates the economy.
* government spending shocks crowd out both residential and non-residential investment without causing interest rates to rise

The Bush tax cuts to the rich were firmly in place going into the worst and longest recession since WW II.

Enough said!
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