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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (176903)	1/13/2009 6:18:25 PM
From: neolib	Read Replies (1) \| Respond to of 306849

The initial lowering was not anti-Keyesian. I think part of the problem was touched on here in some other posts, which is job growth has been poor in the USA for the last decade if you wacked out government job growth and housing. So perhaps an honest Keyesian would have not found much fault with additional stimulation during those years because we need to get other more diversified job growth back. I can remember how all the Bush tax cut fans crowed on and on about how those tax cuts brought the economy out of recession, when in hindsight it was pretty much government jobs and housing, as we are finding out now. Most economists don't want to admit that policies they've long advocated with religious fervor might have caused structural changes that have significantly shifted the long term trajectory of our economy.