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

To: GROUND ZERO™ who wrote (6907)	2/15/2009 8:02:35 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

"Time will tell, but I don't think it will be a pretty story..." I say there are only THREE ways to look at the issue (of the stimulus bill): 1) What happens if we do nothing? 2) What happens if we pass this bill? 3) Versus... what happens if we pass some other guy's proposal? (And, note: it has to be a fully fleshed-out alternate proposal to count.) Without some other proposal to do an "A/B" with... I fall back to what the economists say about what will happen with "do nothing" (answer: WAY bigger and longer disaster, possibly even leading to a deflationary spiral and a 'lost decade' like Japan experienced...) vs. what will happen with this (probably too small, strange as that is to say!) stimulus bill --- a foreshortening of the severe recession, saving 1.5% to 2.0% of GNP that would otherwise be lost over the next two years, a prevention of another 3.5 to 4 million American job losses, etc. If the economy craters even worse then it already has (& still is...), then you can FORGET about balancing any budgets for a long, long time 'cause there won't be any revenue coming in. The deficit is gonna climb for a while WHETHER we spend, or whether we don't spend... regardless.