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Keynes Was Right
The New York Times ^ | 12/29/2011 | PAUL KRUGMAN

Posted on 12/30/2011 11:53:26 AM PST by Beave Meister

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To: I am Richard Brandon

If we went into the downturn with a reasonable budget/debt management system in place, the stimulus might have worked. But we are too far gone. Not much is going to us out of this mess.


21 posted on 12/30/2011 4:24:02 PM PST by Vermont Lt (I just don't like anything about the President. And I don't think he's a nice guy.)
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To: Beave Meister

This is the same “expert” who shouted down anyone who questioned Obama’s massive spending (kick-backs) during the slump?

He needs to take a long hike off a short pier with Obammy’s czars.


22 posted on 12/30/2011 4:40:48 PM PST by SaraJohnson
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To: Beave Meister

And they say drug use is a victimless crime.


23 posted on 12/30/2011 5:43:20 PM PST by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Beave Meister
Slashing government spending in a depressed economy depresses the economy further; austerity should wait until a strong recovery is well under way.


"Excuse me asking, Your Excellency, but didn't Obama say we were in a recovery?"

24 posted on 12/30/2011 5:51:16 PM PST by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Beave Meister

"Ahhhh. Smart guy, eh? Then tell me, Einstein, why The New York Times is firing staffers and closing bureaus instead of spending more money?"
25 posted on 12/30/2011 5:55:50 PM PST by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Beave Meister

Government spending grew by 7.7% per year during Obama’s first 2 years. Meanwhile inflation for the first 2 years of his administration was 0.65%. GDP grew 0.82% during the same period. So he grew government ~12 times the rate of inflation and ~9 times the rate the whole economy grew.

Yeah, sounds like very austere budgeting.


26 posted on 12/30/2011 7:36:48 PM PST by Straight Vermonter (Posting from deep behind the Maple Curtain)
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To: Beave Meister

Lying liars printed in a cesspool rag.


27 posted on 12/31/2011 6:48:46 AM PST by CSM (Keeper of the "Dave Ramsey Fan" ping list. FReepmail me if you want your beeber stuned.)
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