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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (751960)11/9/2013 6:14:56 PM
From: mel2211 Recommendation

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FJB

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>> A couple of things here. For one, much of that money went to shore up banking, not a lot has been going into the actual economy.

This is Keynesian economics. You can dig holes and fill them back up and grow the economy... according to Keynes, Krugman and other supporters. Nothing is more inefficient than digging holes and filling them in.

$2T from the Fed is being run through the banks and is supporting asset prices. That is stimulus, so says Bernanke.
$6T is fiscal stimulus and has nothing to do with the banks. Fiscal stimulus is as efficient as it gets.

But as Koan has pointed out, Obama has directed much of the fiscal stimulus money to the plutocrats.

$8T over 5 years is clearly not enough stimulus... the Fed cannot even talk about tapering.

But hey, since your here... answer the question no liberal or Keynesian will dare answer. How much more stimulus over what time frame?

Is $100T spent over 4 years sufficient?
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