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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (679442)10/17/2012 3:19:37 PM
From: i-node1 Recommendation  Read Replies (2) of 1573334
 
It just isn't possible to claim that the economy would not recover from those things for your thesis to work.

Of course the economy would have recovered -- eventually. The Clinton recession was big. But 9/11 was a body slam -- had it not been for the Bush tax cuts, there would have been zero growth throughout those years, followed by the real estate crash which would have been unrecoverable, even with TARP, which ultimately saved the economy.

If nothing else, the massive increase in the deficits and the debt were very stimulative.

Nonsense. Debts and deficits are not stimulative. When has arbitrarily running a deficit "stimulated" an economy? Never. Not once.

It just doesn't work that way. This pseudo-Keynesianism has been disproved totally.
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