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

To: i-node who wrote (833875)	2/2/2015 1:24:30 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 1579772

"Never mind that Romer said first that the stimulus would keep unemployment below 8%." Never mind it was already 8.3% for Feb, '09, when the stimulus was signed. IIRC, Romer wanted a much bigger stimulus.

To: i-node who wrote (833875)	2/2/2015 7:47:25 PM
From: combjelly	2 Recommendations Recommended By Alighieri tejek Read Replies (1) \| Respond to of 1579772

There you go again. Here is a hint, quoting sources with a vested interest in a particular answer doesn't give your argument any credibility. The fact that you have to use such sources should be your first hint. Your inability to correctly identify the causes of the Bush Recession means you still don't understand what happened. Heck, you still don't understand the scope of what happened. Which explains why you favor policies that push us in that direction again. What on earth does "statistical self-selection" even mean? That is a phrase worthy of the word-salad queen herself. Can you point to, oh 3, countries that were impacted by the BR and didn't use a stimulus package of some sort and are now better off than they were before the fecal material impacted the rotary impeller? And what about 3 countries who did use a stimulus package, improved some and instituted austerity without promptly heeling over like a gut shot goose? That isn't sss, that is just reality. As to Romer, the administration saw things were in bad shape. As to how bad, estimates ranged from "we hit an iceberg and are taking water. But we think the ship is designed to survive this." to "OMG!!! The sky is falling!!! Volcanoes!!! Earthquakes!!! Hurricanes!!! We are all going to die!!!!! AAAIEEE!!!1!!". For a lot of reasons they chose the former more optimistic one. Probably figuring that if that proves to be untrue, they could always try again. Sadly, it turned out to be closer to the latter. Fortunately it was enough to slow the bleeding enough to keep the patient from totally bleeding out. There was an over $2 trillion dollar hole that was blown in the economy. While the stimulus was big enough to avert disaster, there just was no way it was enough to fill that hole. And yet, we did survive. Despite Republican attempts to make it into a disaster.