Why We Need a Second Stimulus

The New York Times ^ | August 28, 2010 | Laura Tyson

[conservatism_IS_compassion]

OUR national debate about fiscal policy has become skewed, with far too much focus on the deficit and far too little on unemployment. There is too much worry about the size of government, and too little appreciation for how stimulus spending has helped stabilize the economy and how more of the right kind of government spending could boost job creation and economic growth. By focusing on the wrong things, we are in serious danger of failing to do the right things to help the economy recover from its worst labor market crisis since the Great Depression. . . . By easing capital market concerns about the government’s future borrowing needs, such a plan would permit larger deficits and slower debt reduction while unemployment is still high. The long-run debt problem — the result of imprudent fiscal decisions before the recession, escalating health care costs and an aging population — must be addressed once the economy has recovered. But for now the priorities of fiscal policy should be jobs and investment.

Laurie, baby, I just have one question - if the government is going to fluctuate between Republican and Democrat control, and never settle down to a single policy, how is it possible to believe that government policy will be right all the time - or even half the time?

Isn't it true that all administrations lose the confidence of the people over time? So then, what we need is a system that doesn't depend on the administration too much. But you and your ilk do nothing but promote bigger, more important government. Based on nothing more than the fatuous conceit of your own superiority.

[WOBBLY BOB]

[jimt]

Where’s the barf alert ?