Comments on: Economist: Obama Stimulus Not Enough

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

[samthetvcat]

---"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

---"Democrats think they can fix anything if they throw enough money at it. They threw a lot of money at Wallstreet and didn''t fix the problem. They don''t ever seem to learn their lesson."---
Posted by win4usa

I think both of you make really good points - I don''t think the right and left are as far apart as some at the extremes seem to think . . . the concern of the right isn''t the price tag so much as it a concern over efficacy, isn''t that right?

The right are basically asking what reassurances the left have to offer that their plan is going to be a one shot deal rather than one that needs to be fueled into perpetuity, is that correct?

I think if the left is successful at answering that question, then they''ll get their money. I just haven''t seen anybody from the left successfully make their case - has anybody else (?)

[jackobyte]

Hi Alpha10000 your points are well taken and are valid arguments.

I point only to the extended period of 60 odd years of no wars between major nations (proxies aside, indo/pak, indo/china aside when more minor).

The avarice of money loss or gain does seem to moderate instincts quite severely much more than familial relationships. Most wars ultimately at their core are economic wars.

My moniker is merely a combination of jack and byte i.e. an average corporate lacky in IT. As you may know we were amongst the 1st to suffer destruction and outsourcing: From the yanking of "safe harbour" tax wise as independant self-employed to the eventual corporate realization that it was cheaper to send the work abroad than to bring the workers here.

Yes I am aware of its connect to royalist rebellions which does not displease me.

[flsunjnky]

Regardless of that, I just hope our next President has enough forethought to bring us back to the position of respect in the world.

[flsunjnky]

Do you know how much we owe the Chinese banks? Do you know what is going to happen to American if they recall the debt? Do you know who put us there?

[jackobyte]

I dont think most people acknowledge the real reason for globalization which as a by-product benefitted western corporations - and that is: No wars between the major nations.

Perhaps many are too young to remeber the demonization of communist china. At one point they were the most popular villans in films etc.

The truth is the US is petrified of China, and this should be so as indeed are all the nations close to it. The options were few to none: China must be brought into the fold or eliminated. Thankfully the Chinese leadership chose the former.

Can you even begin to imagine a war with China? The US is now bogged down in war with 2 minor nations of about 30 million each. The US population is not large enough to support as much as even the inadequate ratio of troops in Iraq in China (1.3 billion). So stretched would it be that even Cuba could attempt reveral of bay of pigs.

You best keep the Chinese on-side and happy. Incidently the Chinese get more than coolie rates thats what keep them calm.

[actornaught]

When ronnie & the ronnettes came up with "Trickle Down", i bet they were laughing so hard they were slapping each others knees!

Well, i wish we had only been trickled on, instead flushed out to Deepcrap Sea...

[win4usa]

Democrats think they can fix anything if they throw enough money at it. They threw a lot of money at Wallstreet and didn''t fix the problem. They don''t ever seem to learn their lesson.

[jsutaguy]

...and for those who haven''t been paying attention, and who are posting here about the horror of a 1 trillion US stimulous package....go back and Google:
"7.7 Trillion +Wall Street"

7.7 Trillion is the amount of money that the US government has given, or allocated...in a single month, for Wall Street "bailout".

And you people *do* know where that 165 Billion given to AIG has gone, right? It went to pay off Credit Default Swaps (bets) made by wealthy individuals.

That''s right. That 165 Billion has gone directly into the pockets of greedy individuals on Wall Street. Your money. Given to these parasites.

Wake up, people. We can''t let this continue.

[jackobyte]

"the only reason that we''re not headed for Great Depression II -- at least I don''t think we are -- is that we think we learned a few things since then."

Your kidding me? right? if anything had been learnt this wouldnt be happening: talk about talking out yer backside.

Speaking of jolts: maybe Afganistan will go belly up and provide a WW2 jump start, just ignore Iraqs role.

If you look at history income taxes were only introduced during war time to pay for them, but since they have now been mandated and accepted by the great thinking masses as 24/7/365 we get constant wars some where or other, constant skullduggery from well fattened departments. Coincidence or not? you do the math electors of knaves.

[jsutaguy]

I think Krugman is right, and I think those who say we need to rein in spending are right. The answer is ridiculously simple:

Stop lending money to the corrupt, greed driven, parasite led Wall Street banks immediately. Don''t give them or lend them another nickel. Let them live or die based on their decision to lock arms with the US population, and resume lending...or let them fail. We do not need them, clearly. They''ve quit doing everything they used to do (including manipulating the price of Oil in the markets) and the US is better for it.

Use the money to fund an American-based stimulus package, which includes funding credit unions and small local banks. Prohibit Wall Street banks from buying out any other institution whatsoever for 10 years.

Change the corrupt direction America, and save the economy...all at one stroke.