Over at choosing a soundtrack (the Blogger lacks a Caps key on his keyboard) we have this post: "the "you didn't build that" apologists just don't get it". His is the view from the crowd that dislikes both parties; sincerely dislikes both parties.
Kad talks about the size of the Administration's Economic Stimulous. As I recall, Ms Christina Romer, a "New Keynesian" on the Administration's Council of Economic Advisers, recommended a $1.8 Trillion Stimulus package, but the infamous Harvard President, Larry Summers, killed that number as politically unacceptable and put forward $800 Billion, which did pass. Do I think $1.8 T was the right number? If you are a Keynesian, yes. If you are not, then $800 B was too big. It is unlikely there is a compromise number.
Regards — Cliff
1 year ago