Comments on: Economist: Obama Stimulus Not Enough

Nobel Winner Paul Krugman Tells Face The Nation President-Elect's Stimulus Plan Not Big Enough

[wardoglrs]

The Democracy will cease to exist when you take from those who are willing to work and give to those who would not "TJ"

The Natural progress of things for liberty to yield and government to gain ground "TJ"

"Reform cannot be achieved by a well-intentioned leader who recruits his followers from the very people whose moral confusion is the cause of the disorder." - Socrates

A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine. - Thomas Jefferson

[flsunjnky]

That''s not a trick question. I really don''t know either!

[flsunjnky]

Your right Sam. It is a long shot. But if we are blind to that, it doesn''t put us in a very good position. What should we do?

[samthetvcat]

Or maybe you''re really just terrified of that gnarly scenario like I am - eek! But everybody says it''s a long-shot . . . who knows though - never good to be that sort of position of vulnerability with people of questionable trustworthiness :(

[samthetvcat]

---"Oh, Sam, get a load of this...If China recalls their debt and the dollar is replaced, what do we do then? And what would it mean to what we have now?"---
Posted by FLSunJnky

It sounds that by your logic you''ve concluded that therefore we ought to keep borrowing and keep borrowing because we want to please them?

I guess underlying that conclusion is the assumption that that they don''t have any interest in long-term sustainability and in generating growth from untapped markets, namely their own consumer and service sectors, because they''re lame and are incapable of true growth just like you believe us to be?

That''s kind of a sad outlook . . .

[flsunjnky]

Oh, Sam, get a load of this...If China recalls their debt and the dollar is replaced, what do we do then? And what would it mean to what we have now?

[samthetvcat]

---"Green" is "Gold" there''s probably $6-8 trillion to be made world-wide in the next 8 years"---
Posted by billpl

Well you know what I''m confused by is like isn''t China ALREADY number one in green technology manufacturing? So what''s the deal - is the proposal that we''re going to take on China in green manufacturing? Without tariffs or a constant replenishment into perpetuity of government subsidies?

Like what''s the plan there? It sounds as credible as a Bernie Madoff investment pitch . . .

[whitemale08]

---"The point about FDR and the Great Depression, Krugman says, is FDR very nearly failed to recover-- not because Keynesian policy does not work-- but because FDR never gave it the chance it needed."---
Posted by alphaa10000--

You''re mistaken, Keynesian economics is what has just failed us. FDR hated Maynard Keynes because he was the governor the central bank of England which made him a British agent.

The truth is it took the 1944 Bretton Woods treaty of fixed-exchange-rates for FDR''s public development programs to succeed.

Maynard Keynes was against that. He was also against FDR''s recommendation that the Federal Reserve should at least use a 2-tier credit system to discourage consumerism/borrowing and reward investment/development with lower interest rates.

That is what finally brought us out of the depression and Nixon brought back in Keynesian economics when he abandoned the gold standard/fixed-exchange-rates.

To get your facts straight go to this youtube video that explains the truth about Maynard Keynes not the misinformation from the British.

The British has managed to confuse everybody that FDR was a Keynesianite but he was no such thing. And Adam Smith with his invisible hand should be rejected too because his economic system was never the American System of economics but that of the British Empire.

http://larouchepac.com/1932

[billpl-2009]

what recession?

"Green" is "Gold"

there''s probably $6-8 trillion to be made world-wide in the next 8 years

...make the Internet boom look like a firecracker.

Barack can just sit back and relax

[samthetvcat]

PS Like one difference between the Great Depression and now is that back then we dominated the world with our manufacturing such that demand for our exports ultimately revived, right?

Isn''t it a legitimate concern for people to worry that with no manufacturing base and little demand for our exports relatively speaking, that an FDR program might not lead to anywhere but a need for constant replenishment?

What''s the worst-case scenario if that happens? What are the chances of that happening?

It''s kind of ''George Bush'' to just pull the ''you''re either with us or against us'' to just personally attack anybody who raises these questions - if the plan is good, people ought to have thought these scenarios through . . . I don''t think that''s too much to ask of the people in power . . .