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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (5769)	3/9/2009 9:53:50 AM
From: RetiredNow	Respond to of 86350

Again, modern economics will tell you that fiscal discipline is very important 90% of the time, except in cases where the economy has gone into a tailspin such as the Great Depression or right now. Those are the exceptions to the rule. It's like everything else in life. There are guidelines, but there are always exceptions to the rule. We need to be flexible enough, and not ideologically motivated, to deal with crises as they come. I'm a hard core fiscal conservative, but Obama's Keynsian economics are exactly the correct thing to do right now. The only thing we could be doing better is talking the rest of the world into doing exactly the same thing. Then it would have a faster impact without destroying everyone's currencies, since we'd be simultaneously inflating all of them.