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View Diary: Structural Stupidity on PBS, Debunked by Krugman and Baker (123 comments)

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  •  Christine ROmer wanted a 1.6b stim (2+ / 0-)
    Recommended by:
    JVolvo, RFK Lives

    she was incoming WH Econ Advisors. Dean Baker wanted 1.2 billion.

    And the 800 billion we got was hardly real stim, only 175 billion was for infrastructure. Using a multiplier of 2.5 it created 4.2 million jobs. None of the other 625 billion really created any new jobs.

    .................expect us......................... FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Sun Aug 04, 2013 at 01:03:56 PM PDT

    [ Parent ]

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