Skip to main content

View Diary: The failure of Austerity (144 comments)

Comment Preferences

  •  Thank You (8+ / 0-)

    For showing the genius of Nobel Prize winner Professor Krugman!
    The trillions in defecit spending under Obama has prevented this country from going into a depression and has created or saved millions of good paying middle class jobs.  The uneployment rate is now less than 9%!
    But it could have been better if we had only listened to Professor Krugman and ran up trillions more in debt.  Economist Mark Zandi has created an economic model that shows if we had run up an annual defecit of 5 trillion dollars rather than 1.5 trillion dollars, the unemployment rate would be at 5%!
    We currently are running an annual defecit of only 100% of GDP, it should be at 200% or even 300% of GDP.  The low interest rates call for this type of action.

    http://coonsey.wordpress.com/

    by coonsey on Sun Dec 18, 2011 at 09:10:34 AM PST

    [ Parent ]

Subscribe or Donate to support Daily Kos.

  • Recommended (125)
  • Community (56)
  • Memorial Day (31)
  • Culture (27)
  • Environment (26)
  • Republicans (21)
  • Civil Rights (20)
  • Rescued (18)
  • Media (18)
  • Elections (17)
  • Science (17)
  • Labor (17)
  • Education (17)
  • GOP (16)
  • Law (16)
  • Bernie Sanders (16)
  • Climate Change (15)
  • 2016 (15)
  • Marriage Equality (14)
  • Economy (13)
  • Click here for the mobile view of the site