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Too funny, this coming from someone who can't read a link.
I know it's even funny coming from you. Too much! . Anyways, I find it odd how you're harping on .1% BTW, at least address some of the other points. To be honest I was going to point out that that it was April's that I looked at that .1% is within the margin of error so it may not have even changed and 8.2% and 8.1% statistically is splitting hairs, but reading the inane stuff you post really somehow stirred it inside me to be just as inane. So actually thanks! I want to thank you for pushing me to your level.
It's weird, I understand...however, it's just satisfying to emulate people like you.
Obama succumbed to Republican pressure? What a weak leader!
Given how Obama could not have predicted how bad the recession actually was, nor could have predicted how Europe would nearly collapse...your graph isn't really sufficient to explain all factors.
Regardless here are a few studies regarding the stimulus.
I don't think you understand how our political system works if you believe that the minority party can't block legislation and thus require concessions.
I know it's even funny coming from you. Too much! . Anyways, I find it odd how you're harping on .1% BTW, at least address some of the other points. To be honest I was going to point out that that it was April's that I looked at that .1% is within the margin of error so it may not have even changed and 8.2% and 8.1% statistically is splitting hairs, but reading the inane stuff you post really somehow stirred it inside me to be just as inane. So actually thanks! I want to thank you for pushing me to your level.
It's weird, I understand...however, it's just satisfying to emulate people like you.
To funny, you are quite inane without any help from anyone.
Given how Obama could not have predicted how bad the recession actually was, nor could have predicted how Europe would nearly collapse...your graph isn't really sufficient to explain all factors.
Regardless here are a few studies regarding the stimulus.
I don't think you understand how our political system works if you believe that the minority party can't block legislation and thus require concessions.
No, no, it's not my graph. If you look closely you will see, it is Obama's graph! Ya know, the one he used to sell the failed stimulus program. He clearly believed he could predict, with some certainty, the depth of the recession .
Lol, I understand quite clearly how our system works. Perhaps you could point us to the particular piece of horse trading that got Obama to fire all those Federal workers over his principled objections?
Finally, even the studies selected by the partisan Post are split on the effectiveness of the stimulus. Give the current unemployment rate and administrations own projections, it is clear it didn't work. However if you insist it did work(which it didn't) we can finally put to rest the canard that Republicans obstructed the recovery for political gain.
He predicted that austerity measure in europe and he was correct, he also indicated the stimulus was far too little as did other economists.
Yes, Krugman believes that we would have been better off if we had wasted many trillions more, and created an even higher mountain of debt and deficits. He once went so far as to say that if we spent trillions preparing for a martian invasian that turned out to be a hoax, we would be far better off economically.
Europe has implemented virtually no austerity. The solution to its ills is to dismantle its anti-jobs, anti-prosperity, unsustainable social welfare benefits--not borrow more money. Europe and austerity? All they have done is talk about it. Germany put in real austerity measures a decade ago, and look at them now!
MOst people understand that if we waste money, we end up poorer. If we overpay for roadworthy cars and crush them, we end up poorer. The fallacy in the radical Keynsian position is that MONEY DOES NOT GROW ON TREES! The money that gets wasted came from somewhere, was subtracted from other spending or is debt that will subtract from future spending, so the net outcome is like the first massive stimulus: a dead-weight loss to the economy, which still impedes our recovery and has yielded the most pathetic economic recovery in many decades. Hopefully at least 51% of us will recognize this basic fact and relieve the country of its remaining radical Keynesian leaders.
As for Krugman, it is truly surprising that anyone takes him seriously at this point.
To funny, you are quite inane without any help from anyone.
Cheers!
I only copy the best, you! Afterall, it's quite a feat to not actually read the posts and pick and choose which points you'll address and not even attempt to look at data.
No, no, it's not my graph. If you look closely you will see, it is Obama's graph! Ya know, the one he used to sell the failed stimulus program. He clearly believed he could predict, with some certainty, the depth of the recession .
Lol, I understand quite clearly how our system works. Perhaps you could point us to the particular piece of horse trading that got Obama to fire all those Federal workers over his principled objections?
Finally, even the studies selected by the partisan Post are split on the effectiveness of the stimulus. Give the current unemployment rate and administrations own projections, it is clear it didn't work. However if you insist it did work(which it didn't) we can finally put to rest the canard that Republicans obstructed the recovery for political gain.
So pretty much pumping money to spur jobs in infrastructure and give to cities and states did nothing to create jobs? Odd, because my contractor neighbor received a bid by my town that received funds from Obama. He employed 20 people to help on the project. Those people were not working. The fact of the matter is that when you have a recession, you need capital to create jobs. When the private sector is not hiring, the public sector needs to step up. Studies have showed that this helps.
People who want to deny Republican obstructionism are simply blind. Yes, of course it can go both ways...but we currently don't have a Republican president. The stimulus was obviously changed to the whims of Republicans to pass it and to earn credibility by the public. This is not always good for creating policy.
Ivory Coast is actually a relatively good example of how government spending spurs growth. Currently, it is experiencing a huge infrastructure boom that actually spurred growth immediately after a civil war. According to the World Bank, the economy would have been far worse had the government not intervened and created infrastructure jobs.
It boggles the mind to think that people think by cutting jobs that the economy will grow.
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