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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (4746)	1/11/2009 4:09:46 AM
From: DuckTapeSunroof	1 Recommendation Respond to of 103300

Re: "Government spending produces a $1.57 gain in GDP for every dollar spent versus a $0.99 gain in GDP for every dollar of tax cuts." (I would argue that a bald statement like that is too broad, and too devoid of relevant details, to really be meaningful.) For example: WHAT TYPE of 'government spending'... and WHAT FORM of 'tax cut'... and considered/proposed under the backdrop of WHAT SORT of economic conditions? The Devil is always in the details.

To: Kenneth E. Phillipps who wrote (4746)	1/11/2009 8:32:33 AM
From: Sedohr Nod	3 Recommendations Respond to of 103300

Let me take a wild guess here, Kenny....that post is part of your "conversion" back into the "deficit spending is not a big deal" mode? Things that you railed mightily about for the last 8 years all of sudden will become a boon to the system. There is nothing remotely efficient about government, regardless of the occupant of the White House.

To: Kenneth E. Phillipps who wrote (4746)	1/11/2009 8:46:30 AM
From: DHE	2 Recommendations Respond to of 103300

A recent study by Christina D. Romer and David H. Romer, then economists at the University of California, Berkeley, finds that a dollar of tax cuts raises the G.D.P. by about $3. According to the Romers, the multiplier for tax cuts is more than twice what Professor Ramey finds for spending increases. Christina Romer, incidentally, has been chosen as the chairwoman of the Council of Economic Advisers in the new administration. nytimes.com