On Tue, Jan 6, 2009 at 7:15 AM, Louis Proyect <[email protected]> wrote: > http://krugman.blogs.nytimes.com/2009/01/06/stimulus-arithmetic-wonkish-but-important/ > I see the following scenario: a weak stimulus plan, perhaps even weaker than > what we're talking about now, is crafted to win those extra GOP votes. The > plan limits the rise in unemployment, but things are still pretty bad, with > the rate peaking at something like 9 percent and coming down only slowly. > And then Mitch McConnell says "See, government spending doesn't work."
This is very poor reasoning. How about the following scenario: a weak stimulus plan, including generous corporate tax cuts, is crafted to win those extra GOP votes... but things are still pretty bad... And then someone says "See, TAX CUTS don't work." Makes as much sense as the other version. Such intellectual sloppiness from a Nobel economist! -raghu. -- Did you hear about the dyslexic Satanist? He sold his soul to Santa. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
