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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (655936)	5/21/2012 10:01:40 PM
From: i-node	Read Replies (1) \| Respond to of 1579728

>> There were plenty at the time that thought it was too small. I did point that out at the time. But, something is better than nothing, so... Yes, you and two nitwits -- Roemer & Krugman. The rest of us knew it was utterly insane. >> It works almost all of the time. The times it doesn't work well, i.e. Japan, there are other factors in the mix. Okay, when? >> Milton Friedman was wrong on a lot of thing. We have been trying his ideas for over 30 years. Wrong about what? >> That is a brain dead thing to do when the economy is fragile. The economy is fragile today because spending has been out of control for decades. This nonsense about how this recession was "caused by Bush" or by this policy or that is bullshit. The economy has tanked for one reason only: We are hopeless in debt and there is no apparent will to do anything about it, exacerbated by a president who doesn't have the gumption to even recognize the problem. >> Enough stimulus would have solved the long term employment problem because there wouldn't have been a long term unemployment problem. CJ, do you know how stupid this concept is? That a government spending borrowed money can prop up an economy with a structural debt and structural unemployment problem, by merely hiring people off of borrowed money to do make-work? It just defies any logic, whatsoever. >> Have you looked at spending during those years? Bush was spending money like a drunken sailor. As you're fond of saying, "there go the goalposts..."