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

To: Metacomet who wrote (201326)	9/13/2012 5:25:28 PM
From: Steve Lokness	Respond to of 542010

<<<<It boggles the mind that this obvious strategy, the Krugman approach, is violently rejected by folks who are clueless in how to deal with these problems>>>> So I have supported Obama's stimulus and I am "clueless" and "childish"? Is Obama clueless and childish too since the amount of his stimulus policy is essentially the same as mine? Actually I have been a little critical of Obama suggesting he is lacking a vision that he can sell the country on - green power for instance. I have argued more for infrastructure in exchange for less on food stamps and less on unemployment - but overall have been consistent in my support of his stimulus. ..........Obama did NOT thankfully adopt the Krugman stimulus that Krugman wanted which was to be 3 times as large as that passed by Obama. You say we have to grow our way out of the debt problem - but debt has been growing and speeding up since Reagans time. How is that working our for us? For unemployment? Today we got QE3 on top of all the stimulus spending and we are getting virtually no improvement on unemployment. Why? Demand! I hope you watched Bernanke's Q&E today as several questions were put to him about demand - well lack of demand. Throwing money at the problem Krugman style does NOT increase demand but on the tiniest margins. Alllll that money thrown at the problem must be paid back - with interest. That pay back takes away opportunities from the future as generations will deal with our debt so that you and I can live at a standard of living that is higher than what we are willing to pay for. Mine is NOT the right wing approach; again the mistake being made that if you don't agree with the hard core extreme left - you must be in the right wing camp. Well I'm NOT. I am against the wars, against a big military, against corporate welfare and would welcome more taxes on the rich. Now just exactly how does that place me in the right wing camp?