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View Diary: Obama on the Economy: 'We Didn't Know How Bad It Was' (300 comments)

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  •  More spending was never the answer, the (0+ / 0-)

    fundamentals were invisible to the admin, they just did not and still do not understand basic economics.

    •  Is that why the vast, vast majority of (0+ / 0-)

      economists strongly recommended substantial stimulus spending? Because economists don't understand basic economics?

      Again, your claims don't line up with the reality of what happened.

      Economists agree: Stimulus created nearly 3 million jobs
      http://www.usatoday.com/...

      CNN Money:
      Second stimulus not needed - survey
      August 31, 2009
      76% of respondents polled by the National Association for Business Economics say the government should cut spending over next two years.

      An increasing number of economists agree with the government's response to the recession, saying they believe the economy is on the road to recovery, according to a survey released Monday.
      http://money.cnn.com/...

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