The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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To: TH who wrote (39885)	9/13/2011 12:46:49 AM
From: koan	4 Recommendations Read Replies (3) of 119360

I will not debate Krugman. I have my knowledge which I have checked against his for years. I have taken the time to read his stuff study his charts and read his books. I consider him to be in the intellectual company of Russell, Whitehead, Feynman, Newton, Hawking, Heisenberg and Keynes, etc. I have read those guys too. Ask yourself this question. Would the Republican congress in 1941 have appropriated a 4 trillion dollar (todays dollars) stimulus package without the war? Of course not. In fact they talked FDR into cutting spending in 1937, so they would never have appropriated 4 trillion-----not in a zillion years. Yet, we hear it every day: "WWII pulled us out of the depression. It did. So what do you think would happen if congress appropriated a 4 trillion infrastructure program? Krugman says he has crunched the numbers. Has anyone else? Krugman said from day one the stimulus was too small and wouldn't work. 40% was tax cuts and a lot of the rest was aid to the states. And for all the yelling about deficits the congress very cavalierly added a trillion dollars to the defiticit by extendingthe bush tax cuts for two years.

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