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

To: koan who wrote (172775)	9/29/2011 11:05:57 AM
From: Steve Lokness	Read Replies (4) \| Respond to of 544065

<<<<Come on man, that is not what Krugman is saying and he certainly is not lying.>>>>> I say it is lying. To suggest we did Tarp, the auto bailout, gave everyone a tax break - and threw a lot of money at every single place we could find that was ready to accept the money is EXACTLY Keynesian policy. So was the the policy of Bernanke and the Fed. .......Koan, the idea of Keynesian is for the government to borrow and get that borrowed money in the hands of the consumer - the fastest way to do that is with a tax cut. That tax cut was paid for by government borrowing - pure and OBVIOUS Keynesian thinking. If you believe in Keynesian magic - this should have worked way better than a government plan to do infrastructure for instance that has a lag time. I heard yesterday that they expect Halloween spending to be up 9% this year. <<<<<Halloween Spending to Rise 9% as More Join the Fun>>>>> How much should we be stimulating if we have that kind of disposable income to throw at candy and plastic crap costumes made in China? We need jobs - not reckless deficit stimulus spending.