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

To: koan who wrote (172155)	9/16/2011 9:18:07 PM
From: Steve Lokness	Read Replies (2) \| Respond to of 542169

<<<<<Bottom line, true Keyensian economics was never tried.>>>> I completely and respectfully disagree. One man saying we needed more does not for a second mean we didn't try Keynesian spending. If you and Krugman are right and by some miracle unemployment had been reduced by a few percentage points - then we would have a massive debt to deal with. We can't get our arms around the debt now - and you want to add trillions more? Even with Keynesian - there is NO free lunch. <<<<< 40% were tax cuts and then another chunk was help to states.>>> That is Keynesian spending! The government borrowing to get money into the hands of consumers. Hard to imagine a faster way than a tax cut - which in reality is just handing people money. One reason more wasn't used for infrastructure earlier - is because nothing was ready! You can't build something overnight when it is not designed, properties are bought and laws are followed. In Keynes day - maybe - today not for a second can you get a really big project started overnight.