Well, manalagi, we've been getting monetary and fiscal stimulus of massive proportions for 4 years now. If, as you say, this should not be permanent, then when will it ever be a good idea to turn off the largesse? 4 years seems kinda permanent to me, especially since no one is talking about turning it off.
MM, you know that QE is used to stimulate the economy. Deficit spending should not be permanent, and you know that. Even Keynes never suggested that.
When should we turn off the spigot? That is when the economy has started to get strong footing and revenues increases. Then, infrastructures can be turned to the private sectors who will build toll roads, bridges etc. Just look to China as how they use the prosperity to modernize infrastructures like high speed rail, airports, bridges, trains through difficult terrains, and yet can reach Tibet. Granted that most project are government sponsored.
The damage that the past 8 years under Bush/Cheney is bigger than grand canyon so to speak, and 4 years are not enough. When is the time to turn it off time wise? I don't have the answer, but Obama is on the right tract.
As a fellow Republican (oh, yes, you have left the party), I can say that I am on Chris Christie's side: what is good for the country is to work together to solve problem, regardless who sits in the WH.
Tell your lovely wife tomorrow morning that many of us on this thread do congratulate her for her wise decision. Tell her also that she has a hard headed man for a husband - ROTFLMAO! |
