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

To: Mary Cluney who wrote (172256)	9/18/2011 10:14:23 PM
From: JohnM	Respond to of 542936

Your points are good ones but it's important to distinguish between economic renditions and the politically possible. Krugman keeps making this point over and over for that very reason. He pushed for larger stimuluses as did the leadership, apparently, of the presidential economic councils. All based on their best economic expertise. That the final outcome was much less means that the economic proposals didn't fail. The politics failed.

To: Mary Cluney who wrote (172256)	9/19/2011 11:05:35 AM
From: Steve Lokness	Respond to of 542936

<<<<<<It's not easy to do what Krugman does - analyze large amounts of data, apply complex mathematical models, and come up with a plausible solution. >>>>>>>> Oh sure it is easy - we have computers to do this. What is hard to do - and where I think Krugman fails - is to analyze irrational mass lemming like societal changes. Those of us who buy and sell stocks see it every day in the stock market where stocks move massively as people pile in or out of a stock. "All we have to fear is fear itself".