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To: upchuck

Their “fair share” is whatever Obama says it is...he is our new “Potentate” after all...

Paul Krugman says 91 % was a good tax plan for the rich...he’s a Nobel Economic prize winner....so he can’t be a moron...can he?


59 posted on 11/25/2012 12:15:48 PM PST by Popman
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To: Popman

New Nobel Laureate Warned Against Obama Stimulus Package, Calling It ‘Surprisingly Naïve’

http://www.nysun.com/national/new-nobel-laureat-warned-against-stimulus-package/87512/

“The calculations that I have seen supporting the stimulus package are back-of-the-envelope ones that ignore what we have learned in the last 60 years of macroeconomic research.”

“I recall President Obama as having said that while there was ample disagreement among economists about the appropriate monetary policy and regulatory responses to the financial crisis, there was widespread agreement in favor of a big fiscal stimulus among the vast majority of informed economists. His advisers surely knew that was not an accurate description of the full range of professional opinion. President Obama should have been told that there are respectable reasons for doubting that fiscal stimulus packages promote prosperity, and that there are serious economic researchers who remain unconvinced.”

“….if, in the United States, we create a system where unemployment and disability benefits are permanently extended in their generosity and their duration, we will inadvertently put ourselves into the situation that much of Europe has suffered for three decades.”


63 posted on 11/25/2012 3:51:09 PM PST by TurboZamboni (Looting the future to bribe the present)
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