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Old 09-14-2010, 06:30 PM
operative operative is offline
 
Join Date: Sep 2010
Posts: 3,261
Default Re: What Can You Prove? (David Corn & Jim Pinkerton)

Quote:
Originally Posted by jacks_mind View Post
And China's GDP is doing great!:




And they did a bigger stimulus (as a percent of GDP) than we did:

http://www.businessweek.com/news/201...-update1-.html

Oh, there's more to the story you say? Oh, you mean the GDP numbers aren't exclusively correlated with government spending, you say?

THEN DON'T TELL ME GERMANY IS DOING GREAT BECAUSE THEY DIDN'T DO A STIMULUS!

Here's the Keynesian view:

http://krugman.blogs.nytimes.com/201...about-germany/

Pinkerton is a one-man talking points echo chamber.
China's stimulus was also much better targeted and not bloated with pork. Obama should have designed the stimulus himself, made it pork-free, and had someone introduce it. Instead he punted, like he always does, and left Pelosi and Reid to do the heavy lifting. That left a bill that was bloated with pork and ineffective. If Obama was a bit less lazy and obsessed with vacationing and the celebrity lifestyle that his post affords, and actually worked hard for the first time in his privileged life, maybe we would be in a different spot.
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