Skip to main content

View Diary: Not Enough Stimuli Could Be Worse Than None (201 comments)

Comment Preferences

  •  isn't Levin echoing 'the New Deal failed'? (1+ / 0-)
    Recommended by:
    Jim P
    We didn't end the Depression until World War II, in 1941?  This sounds a bit Amity-Shlaes-like.  I'm certainly no economist, but this isn't the '30s, either.  Hey, I love government spending and more tax cuts are bullshit, but haven't Krugman and the rest ever been, you know, wrong?  Like $800 billion isn't going to do anything?  Sure, $1.5 trillion with no tax cuts is a nice pony, but it's not going to happen.  

    Wingnuts, asshats, losers: your time is OVER ...

    by Tuffie on Mon Feb 02, 2009 at 09:47:28 PM PST

    •  Liberalism is Wrong. Always Has Been. (1+ / 0-)
      Recommended by:
      LordMike

      Never worked.

      We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

      by Gooserock on Mon Feb 02, 2009 at 10:01:40 PM PST

      [ Parent ]

    •  Van Jones's point is relevant ... (5+ / 0-)

      ...if you don't jump far enough, you wind up on the canyon floor instead of solid ground on the other side. If the wind is blowing a hole in your house and you have two boards that will cover it completely up, you should use them both at once. If you use one board that partially covers the hole, you're risking losing that board and making the other one worthless.

      Americans do not like to think of themselves as aggressors, but raw aggression is what took place in Iraq. - John Prados

      by Meteor Blades on Mon Feb 02, 2009 at 11:23:52 PM PST

      [ Parent ]

      •  Analogies aren't that useful (1+ / 0-)
        Recommended by:
        askew

        Why not pass a $10T stimulus? Or $100T?

        Here's a good question, Meteor Blades. What, in your view, sets an acceptable upper bound for the stimulus numbers, above which the stimulus would do more harm than good? How do we calculate this?

        •  I don't have a clue ... (4+ / 0-)
          Recommended by:
          Sparhawk, OLinda, cgirard, thethinveil

          ...obviously inflation sets in at some point, although that certainly isn't a concern yet. But let's not forget that right before World War II, there wasn't much money to be had, and unemployment was still quite high. Over the next five years, we incurred a debt that was 128% of GNP, the highest ever. And emerged with the most powerful economy on the planet.

          Americans do not like to think of themselves as aggressors, but raw aggression is what took place in Iraq. - John Prados

          by Meteor Blades on Tue Feb 03, 2009 at 12:12:31 AM PST

          [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site