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Politics : View from the Center and Left

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To: Mary Cluney who wrote (213627)	1/2/2013 12:45:13 PM
From: Steve Lokness	Read Replies (2) of 541735

<<<<< The answer is to grow the economy. Everybody knows this but we all have our favorite means>>>> Grow the economy! You say that as if there is some way to do that. The fed perhaps you've noted has had interest rates at zero for years now and have been printing money through their QE programs so fast the printing presses are in melt down! We have also had stimulus from Obama - really big stimulus. But any stimulus is dependent on debt levels to pay back. As I have asked here many time - what do you want to stimulate? Housing? Consumers spending on a consumer that is trying hard to deleverage and get out of debt? Business spending when there are no customers? I usually put the question parenthetically to Krugman - now I ask you. What do you want to stimulate? ...........Okay, energy, but that has never seemed to be a hit with Krugman.

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