View from the Center and Left Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Katelew who wrote (140360)	7/6/2010 11:33:06 AM
From: JohnM	Read Replies (2) of 541479

I'll take your word for it that unemployment was at 19% in 1939; sounds a bit high though. Assuming that's right, the Krugman argument would be 1937 when Roosevelt did what the deficit hawks want done now. Up went unemployment. As for the present safety net argument, as I understand it's more about stimulus. Extending unemployment is worthwhile in it's own way, so I'll pass that one up. But the remainder-help for state governments, etc., is stimulus money. And that's an economic argument, not a safety net argument. Cut out spending from those sources and the contraction contracts even further. Ah, so, catching up on the thread, I see you are somewhere between 66 and 47; just can't decide where??!1

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next