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Politics : View from the Center and Left
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To: JohnM who wrote (213601)1/2/2013 12:37:39 PM
From: Steve Lokness  Read Replies (1) of 541735
 
<<<<< Because of the way Obama negotiated>>>>>

What a pissy whiner Krugman has become. The market is up better than 200 points. The consumers stocks are going up which should give them more confidence to spend. THAT SHOULD FALL right into Krugmans thinking about keynesian spending. People will spend more - which is exactly the idea behind keynesian stimulus. ..........OTOH, had we gone over the cliff with no agreement, Krugman would have won on his ideology - but the economy would have taken a hit. The economy in downfall is the exact opposite of the results hoped for from keynesian spending - less consumer confidence and with less consumer confidence there is less spending.

Just days ago republicans promised no new taxes. Seems to me Obama did pretty darn good as a first step.
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