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“Obviously, President Obama’s economic team believed the stimulus would work. Spend a trillion and stimulate the economy. He believed it too. Hasn’t worked, he chose his own ideas over historical example. ”
Legion, most economists say stimulus reduced unemployment 1-2%. Most economists also said to err on making it too big, repubs fought tooth and nail to make it smaller so they can now say it failed.
This is why you’re supposed to run a budget surplus when times are good, unlike Bush II deficits. So when times are bad you can do some Keynesian stimulus. When you run a massive deficit during good times, now you’ve shot your load and have nothing left for bad times.
China also did massive stimulus, it should be noted. Of course China started with budget and trade surplus, so no problem for them to stimulate. China’s stimulus said to be a huge success, economy boomed.
KFMB showed video of the apparent missile to former U.S. Ambassador to NATO Robert Ellsworth, who is also a former Deputy Secretary of Defense, to get his thoughts.
“It’s spectacular… It takes people’s breath away,” said Ellsworth, calling the projectile, “a big missile”.
Legion – do you watch Glenn Beck? A serious question. I saw him for the first time this weekend and had the same reaction to him that I do to your posts.
“Obviously, President Obama’s economic team believed the stimulus would work. Spend a trillion and stimulate the economy. He believed it too. Hasn’t worked, he chose his own ideas over historical example. ”
Legion, most economists say stimulus reduced unemployment 1-2%. Most economists also said to err on making it too big, repubs fought tooth and nail to make it smaller so they can now say it failed.
This is why you’re supposed to run a budget surplus when times are good, unlike Bush II deficits. So when times are bad you can do some Keynesian stimulus. When you run a massive deficit during good times, now you’ve shot your load and have nothing left for bad times.
China also did massive stimulus, it should be noted. Of course China started with budget and trade surplus, so no problem for them to stimulate. China’s stimulus said to be a huge success, economy boomed.
By dirty_hipster on November 9, 2010 2:10 PM
haha cgar
glenn beck is the most entertaining man on television
That’s why I am getting rid of cable TV.
haha cgar
glenn beck is the most entertaining man on television!
Legion, Bush believed it too, right?
TWSS
KFMB showed video of the apparent missile to former U.S. Ambassador to NATO Robert Ellsworth, who is also a former Deputy Secretary of Defense, to get his thoughts.
“It’s spectacular… It takes people’s breath away,” said Ellsworth, calling the projectile, “a big missile”.
DH funny
rob – That’s a few years out of date but the info is correct & the phone number is too.
Legion – do you watch Glenn Beck? A serious question. I saw him for the first time this weekend and had the same reaction to him that I do to your posts.