<http://scottystarnes.wordpress.com/author/scottystarnes/> Economic Idiot, Paul Krugman: The reason the economy sucks is due to Obama not spending enough of your money<http://scottystarnes.wordpress.com/2010/09/06/economic-idiot-paul-krugman-the-reason-the-economy-sucks-is-due-to-obama-not-spending-enough-of-your-money/> *Scotty Starnes <http://scottystarnes.wordpress.com/author/scottystarnes/>*| September 6, 2010 at 1:46 PM | Tags: American Recovery Act <http://scottystarnes.wordpress.com/tag/american-recovery-act/>, Barack Obama <http://scottystarnes.wordpress.com/tag/barack-obama/>, economics <http://scottystarnes.wordpress.com/tag/economics/>, Obama<http://scottystarnes.wordpress.com/tag/obama/>, Obama's stimulus <http://scottystarnes.wordpress.com/tag/obamas-stimulus/>, Obamanomics <http://scottystarnes.wordpress.com/tag/obamanomics/>, Paul Krugman <http://scottystarnes.wordpress.com/tag/paul-krugman/>, President Obama <http://scottystarnes.wordpress.com/tag/president-obama/>, spread the wealth <http://scottystarnes.wordpress.com/tag/spread-the-wealth/>, stimulus<http://scottystarnes.wordpress.com/tag/stimulus/>, unemployment <http://scottystarnes.wordpress.com/tag/unemployment/>, unemployment rate <http://scottystarnes.wordpress.com/tag/unemployment-rate/>, Yale<http://scottystarnes.wordpress.com/tag/yale/>| Categories: Uncategorized <http://scottystarnes.wordpress.com/category/uncategorized/> | URL: http://wp.me/pvnFC-2xM
Paul sure is a moonbat. He continues to pimp his claims that the reason the economy hasn't turned around is due to Obama not spending enough of your tax dollars. Everyone knows, the only way to get out of debt is to spend more money than you have. This is what they teach at Yale University. Try it in the real world where you don't have 300 million tax payers to steal from and you will soon realize this theology doesn't work. Lets read Paul's latest whine shall we?<http://www.nytimes.com/2010/09/06/opinion/06krugman.html?_r=1&partner=rss&emc=rss> *Here’s the situation: The U.S. economy has been crippled by a financial crisis. The president’s policies have limited the damage, but they were too cautious, and unemployment remains disastrously high. More action is clearly needed. Yet the public has soured on government activism, and seems poised to deal Democrats a severe defeat in the midterm elections.* The president in question is Franklin Delano Roosevelt; the year is 1938. Within a few years, of course, the Great Depression was over. But it’s both instructive and discouraging to look at the state of America circa 1938 — instructive because the nature of the recovery that followed refutes the arguments dominating today’s public debate, discouraging because it’s hard to see anything like the miracle of the 1940s happening again. Now, we weren’t supposed to find ourselves replaying the late 1930s. President Obama’s economists promised not to repeat the mistakes of 1937, when F.D.R. pulled back fiscal stimulus too soon. But by making his program too small and too short-lived, Mr. Obama did just that: the stimulus raised growth while it lasted, but it made only a small dent in unemployment — and now it’s fading out. To Krugman, a small dent is the 2% increase in the unemployment rate since the stimulus was passed in February 2009. It did not help unemployment, as Krugman claims, it increased unemployment. Paul, I'm not award-winning economist but 7.7% is < than 9.6%. Unemployment went up, not down since the stimulus was passed genius. And just as some of us feared, the inadequacy of the administration’s initial economic plan has landed it — and the nation — in a political trap. *More stimulus is desperately needed, but in the public’s eyes the failure of the initial program to deliver a convincing recovery has discredited government action to create jobs.* In short, welcome to 1938. Yes, let's spend more. Let's give the government more money to waste and end up with the same results. If a $1 trillion dollar stimulus didn't keep unemployment below 8%, what would a $2 trillion dollar stimulus accomplish? I don't hold an economics degree but I do know that if it didn't work the first time, chances are it won't work the 2nd time either. I didn't learn this at Yale, I learned this in the real world, unlike Mr. Krugman. Add a comment to this post<http://scottystarnes.wordpress.com/2010/09/06/economic-idiot-paul-krugman-the-reason-the-economy-sucks-is-due-to-obama-not-spending-enough-of-your-money/#respond> <http://feeds.wordpress.com/1.0/gocomments/scottystarnes.wordpress.com/9782/> <http://feeds.wordpress.com/1.0/godelicious/scottystarnes.wordpress.com/9782/> <http://feeds.wordpress.com/1.0/gofacebook/scottystarnes.wordpress.com/9782/> <http://feeds.wordpress.com/1.0/gotwitter/scottystarnes.wordpress.com/9782/> <http://feeds.wordpress.com/1.0/gostumble/scottystarnes.wordpress.com/9782/> <http://feeds.wordpress.com/1.0/godigg/scottystarnes.wordpress.com/9782/> <http://feeds.wordpress.com/1.0/goreddit/scottystarnes.wordpress.com/9782/> [image: WordPress] WordPress.com <http://wordpress.com/> | Thanks for flying with WordPress! Manage Subscriptions<http://subscribe.wordpress.com/?key=5d39acfd19218362d540a3fc3dc3315d&email=baconlard%40gmail.com>| Unsubscribe<http://subscribe.wordpress.com/?key=5d39acfd19218362d540a3fc3dc3315d&email=baconlard%40gmail.com&b=yONSg%2BO%2BxS_L1%5BZ6pxIhvnaV5%5BP%25WqmzsU-5M-%2B>| Publish text, photos, music, and videos by email using our Post by Email <http://support.wordpress.com/post-by-email/> feature. *Trouble clicking? Copy and paste this URL into your browser:* http://subscribe.wordpress.com -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more.
