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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (46646)	1/23/2008 1:27:28 PM
From: slacker711	Read Replies (1) \| Respond to of 543150

Just an observation, but Stiglitz had a very different view of a stimulus package back in '03. It is a different time so it can be argued that different remedies are needed, but he clearly came down on the side of putting money into the hands of average Americans back then. He also advocated a temporary business investment tax cut as well as getting money to the states. pbs.org Slacker

To: slacker711 who wrote (46646)	1/23/2008 2:16:10 PM
From: JohnM	Read Replies (1) \| Respond to of 543150

It doesnt matter if I agree or disagree. Actually, it does. If one sees a short term recession as the coming thing, then a stimulus package that focuses as much power on short term alleviation would be the focus. But if, as Stiglitz says, this is very likely to be long and deep, words I've heard from several sources over the past month or so, then the government needs a stimulus package that addresses both. The infrastructure stimulus Stiglitz advocates for the long term could be debated as to whether it's the better of several. I happen to like it because it does two things: addresses the serious infrastructure deficit we have and offers a stimulus as well. I gather the fact that it would do both troubles you. Am I right?