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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (525925)	11/4/2009 1:14:59 PM
From: tejek	Read Replies (1) \| Respond to of 1577071

Our main results are that * a surprise deficit-financed tax cut is the best fiscal policy to stimulate the economy * a deficit[-financed government] spending shock weakly stimulates the economy. * government spending shocks crowd out both residential and non-residential investment without causing interest rates to rise The Bush tax cuts to the rich were firmly in place going into the worst and longest recession since WW II. Enough said!