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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Katelew who wrote (139937)6/29/2010 12:36:39 PM
From: Steve Lokness  Read Replies (1) | Respond to of 541933
 
Katelew;

As to Ireland; As in the housing market, everything is great in a boom - until the collapse. The problems in Ireland don't you think are a result of their past policies of rapid unsustainable growth? The problem is now what do they do? As to the speed of deleveraging - I wouldn't argue. My greatest argument is not the speed, but that more of the same isn't the answer. From the piece;

“But we don’t have the flexibility to do a spending stimulus now. There’s no one who is even arguing for it.”

Except people like Krugman.



To: Katelew who wrote (139937)6/29/2010 12:39:58 PM
From: JohnM  Read Replies (1) | Respond to of 541933
 
That's fairly close to my own position, Kate. I would only add that the guiding thought for when to do those cuts, if they should be done, is the state of the economy. Not simply when the politics permits. It cannot be done without the latter. Obviously. But it should not be done when the economy is in deep trouble. Or on the cusp of such.


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