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

To: JohnM who wrote (142267)	8/9/2010 4:24:17 PM
From: Steve Lokness	Respond to of 542043

Given what Krugman was writing at the time on depressions and recessions, this column is an odd one. It would take some time to reconcile the two. I understand as it would take a lot of research. I just remember krugman very different than you do and this is consistent with what I remember. But to get back to demand as this is where I really depart company with Krugman. The world as we know it will be gone if we keep stimulating at every downturn the way Krugman would want us to. He wanted stimulating in 2002 and he wants it now. ......But stimulating means we have to spend on something. Shouldn't it be up to business what they want to spend? Sure! Shouldn't the consumer be given a chance to get control of his already over extended personal debt levels? To argue otherwise is to suggest the consumer go even further in debt. Is that what you favor? We've put the wife to work do we put the kids to work too to service that debt? Soooooo, that leaves government. I'm okay with government doing something - but not anything. There needs to be a goal. Without a goal we just end up slinging dollars at the wall to see what sticks. So in my tiny town Obama is giving Duke Energy and a French company Areva 70 million. Not a tax rebate or deduction, but a check for 70 million. The town hates the idea that is getting crammed down our necks. Forcing it on us and making us pay for it! That's what happens when you stimulate only for the sake of stimulating.