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.

2 comments:

googleheim said...

GEE

AND IF WE GROW AT 9%, THEN PAYING OFF THE "DEBT" IS NOT IMPOSSIBLE

Snow White said...

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.