drieuxster (drieuxster) wrote,
drieuxster
drieuxster

Proof Krugman is EVIL

...there’s a whole intellectual industry, mainly operating out of right-wing think tanks, devoted to propagating the idea that F.D.R. actually made the Depression worse. So it’s important to know that most of what you hear along those lines is based on deliberate misrepresentation.... The New Deal brought real relief to most Americans.
...
But the definitive study of fiscal policy in the ’30s, by the M.I.T. economist E. Cary Brown, reached a very different conclusion: fiscal stimulus was unsuccessful “not because it does not work, but because it was not tried.”...
...
And F.D.R. wasn’t just reluctant to pursue an all-out fiscal expansion — he was eager to return to conservative budget principles. That eagerness almost destroyed his legacy. After winning a smashing election victory in 1936, the Roosevelt administration cut spending and raised taxes, precipitating an economic relapse that drove the unemployment rate back into double digits....
...
The economic lesson is the importance of doing enough. F.D.R. thought he was being prudent by reining in his spending plans; in reality, he was taking big risks with the economy and with his legacy. My advice to the Obama people is to figure out how much help they think the economy needs, then add 50 percent...

[ cf History Lessons from the New Deal ]
Shocking!!!!

Just SHOCKING!!!!

How can anyone suggest that the 'right-wing think tanks' are doing anything but GOD'S WILL!!!!

APOSTATE HEATHENIST SPAWN!!!

I mean, my god!!! The evil Liberals, and their Rich White Elitist Obamanite Stabbing Our Dubya in the Back with President Bush Types!!! They have not even been able to get their so called 'candidate' to be officially listed as an actual President of White Christian America, and already they want to RETREAT into the failed pre-911 liberalism of facts as factualism!!!

Clearly our troops are being stabbed in the back this sort of regressive anti-god, anti-american, unbelief!!!
Tags: economics, war
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