tag:blogger.com,1999:blog-2761684730989137546.post109860117801660773..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Treasury "net spending" slowing downmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2761684730989137546.post-29092078404819747502009-06-10T19:16:24.188-04:002009-06-10T19:16:24.188-04:00Michael,
Yes, this is the good news and Obama sai...Michael,<br /><br />Yes, this is the good news and Obama said he will try to "speed this spending up" over the summer. The question is, will he offset it with cuts elsewhere? My guess is, yes.mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-67347694339174642882009-06-10T11:51:37.990-04:002009-06-10T11:51:37.990-04:00according to this only 5% of the stimulus has been...according to this only 5% of the stimulus has been spent so far. <br /><br /><a href="http://apnews.myway.com/article/20090609/D98MRQU80.html" rel="nofollow">http://apnews.myway.com/article/20090609/D98MRQU80.html</a><br /><br />Faster, plz?Unknownhttps://www.blogger.com/profile/17959950531366998498noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-89215314526070886382009-06-09T13:31:10.316-04:002009-06-09T13:31:10.316-04:00No, they're really cutting back. They seem to ...No, they're really cutting back. They seem to be panicked about the deficit, but don't want to show panic. I can just imagine Rahm Emanuel screaming at everyone to cut the f--king spending!<br /><br />David Axelrod--Obama's political advisor--is calling teh shots, just as Karl Rove did for Bush and just as Dick Morris did for Clinton. It's all about politics, not economics.mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-49493794779199922602009-06-09T13:08:30.729-04:002009-06-09T13:08:30.729-04:00I was hoping that was just rhetoric to calm people...I was hoping that was just rhetoric to calm people down, and that the cuts would be minor things to make deficit hawks happy.<br /><br />If President Obama wants to stimulate, he should recognize that the deficit is the point of the stimulus.Unknownhttps://www.blogger.com/profile/17959950531366998498noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-91033897933571879462009-06-09T12:04:35.535-04:002009-06-09T12:04:35.535-04:00I would agree with you except revenues are not ris...I would agree with you except revenues are not rising vis-a-vis prior months. That would be a sign of improvement. This looks more like the word has been passed down through the halls of the Administration--cut spending wherever you can. I would fit with Obama's recent rhetoric about deficits, government being out of money, having to make sacrifices, etc.mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-90149312233582522122009-06-09T10:50:54.108-04:002009-06-09T10:50:54.108-04:00It could be those automatic stabilizers slowing do...It could be those automatic stabilizers slowing down in reaction to some improvement.Unknownhttps://www.blogger.com/profile/17959950531366998498noreply@blogger.com