Thursday, October 29, 2009
Gov't spending/stimulus works. You gotta be blind not to see that.
Pre-stimulus
Q1 GDP -6.5%
Stimulus enacted
Q2 GDP -0.7%
Q3 GDP +3.5%
If we had a bigger stimulus/more gov't spending, we could have grown at 9.0 percent, just like China.
What's so hard to understand?
Anyone who can't see this has got to be blind.
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2 comments:
GEE
AND IF WE GROW AT 9%, THEN PAYING OFF THE "DEBT" IS NOT IMPOSSIBLE
The problem lies in the fact that it's hard to convince the masses of the benefits of gov't spending/stimulus.Each time this is done the public goes into hysteria as though this is some Commie style strategy on the road to the Weimar Republic.As a result politicians submit to the will of the masses and end up slashing further stimulus and spending measures.
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