Attack of the Adults

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Austerity is the exact wrong thing to do in an economic downturn. Austerity kills jobs and reduces economic output. Other countries caught up in the downturn like Greece have done it and it has hit their economy hard. Conversely, the U.S. increased spending and it greatly boosted GDP and employment.

We need to fix the economy first by creating jobs. Only then should we start addressing the debt/deficit. These tea partiers have terrible timing.

The government should spend 3 trillion dollars, create 3 million 1 million dollar jobs.  Economy solved!!!

Thanks, Skycat, you enormous Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) doltish moron.  I can't wait til you teach econ at Harvard.

OK, Professor Economics. What I said aligns with today's mainstream economic thinking, not some fringe, utopian Austrian/Chicago school.

TRUTH

"Mainstream" economic thinking got us into this mess.

/end thread

[SuperG]

If the administration and the democratically controlled Congress roll the other way, and listen to Krugman, another $1 trillion dollar stimulus bill is just around the corner . . . might as well chuck it in and call it a day if that happens.

The evidence points toward Krugman (and many other economists) being right on the country needing another stimulus, but it won't happen, because the public thinks the first stimulus didn't work. It saved us from The Great Depression II, but it could have been so much better had it been twice the size. Just another case of Democrats' timidity (and the filibuster) biting them in the butt.

No.  In the same fashion that WWII brought us out of the Great Depression, the military and the influx of military spending prevented complete collapse. 

And there was no call for additional stimulus until it was shown that it had limited or exaggerated success.

Krugman has been proven on several occasions to be so clueless about real world economics, it's not even funny.

Why can't you all just get it through your thick skulls? Perpetual war equals perpetual prosperity. Those army men really are protecting the American way of life!

[skycat]

Austerity is the exact wrong thing to do in an economic downturn. Austerity kills jobs and reduces economic output. Other countries caught up in the downturn like Greece have done it and it has hit their economy hard. Conversely, the U.S. increased spending and it greatly boosted GDP and employment.

We need to fix the economy first by creating jobs. Only then should we start addressing the debt/deficit. These tea partiers have terrible timing.

The government should spend 3 trillion dollars, create 3 million 1 million dollar jobs.  Economy solved!!!

Thanks, Skycat, you enormous Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) doltish moron.  I can't wait til you teach econ at Harvard.

OK, Professor Economics. What I said aligns with today's mainstream economic thinking, not some fringe, utopian Austrian/Chicago school.

"Mainstream" economic thinking got us into this mess.

/end thread

Presidents Reagan through GWBush got us into this mess (both the debt and the recession) by de-regulating financial institutions, spurring runaway wasteful military spending, launching two unfunded wars, and passing huge tax cuts for the wealthy.

[Stupid Fitz]

Austerity is the exact wrong thing to do in an economic downturn. Austerity kills jobs and reduces economic output. Other countries caught up in the downturn like Greece have done it and it has hit their economy hard. Conversely, the U.S. increased spending and it greatly boosted GDP and employment.

We need to fix the economy first by creating jobs. Only then should we start addressing the debt/deficit. These tea partiers have terrible timing.

The government should spend 3 trillion dollars, create 3 million 1 million dollar jobs.  Economy solved!!!

Thanks, Skycat, you enormous Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) doltish moron.  I can't wait til you teach econ at Harvard.

OK, Professor Economics. What I said aligns with today's mainstream economic thinking, not some fringe, utopian Austrian/Chicago school.

"Mainstream" economic thinking got us into this mess.

/end thread

Presidents Reagan through GWBush got us into this mess (both the debt and the recession) by de-regulating financial institutions, spurring runaway wasteful military spending, launching two unfunded wars, and passing huge tax cuts for the wealthy.

No.  You give Presidents way to much credit. Dumb

[Dirty Sanchez]

Austerity is the exact wrong thing to do in an economic downturn. Austerity kills jobs and reduces economic output. Other countries caught up in the downturn like Greece have done it and it has hit their economy hard. Conversely, the U.S. increased spending and it greatly boosted GDP and employment.

We need to fix the economy first by creating jobs. Only then should we start addressing the debt/deficit. These tea partiers have terrible timing.

The government should spend 3 trillion dollars, create 3 million 1 million dollar jobs.  Economy solved!!!

Thanks, Skycat, you enormous Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) doltish moron.  I can't wait til you teach econ at Harvard.

OK, Professor Economics. What I said aligns with today's mainstream economic thinking, not some fringe, utopian Austrian/Chicago school.

"Mainstream" economic thinking got us into this mess.

/end thread

Presidents Reagan through GWBush got us into this mess (both the debt and the recession) by de-regulating financial institutions, spurring runaway wasteful military spending, launching two unfunded wars, and passing huge tax cuts for the wealthy.

Nice talking points

Now---LP

[skycat]

Austerity is the exact wrong thing to do in an economic downturn. Austerity kills jobs and reduces economic output. Other countries caught up in the downturn like Greece have done it and it has hit their economy hard. Conversely, the U.S. increased spending and it greatly boosted GDP and employment.

We need to fix the economy first by creating jobs. Only then should we start addressing the debt/deficit. These tea partiers have terrible timing.

The government should spend 3 trillion dollars, create 3 million 1 million dollar jobs.  Economy solved!!!

Thanks, Skycat, you enormous Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) doltish moron.  I can't wait til you teach econ at Harvard.

OK, Professor Economics. What I said aligns with today's mainstream economic thinking, not some fringe, utopian Austrian/Chicago school.

"Mainstream" economic thinking got us into this mess.

/end thread

Presidents Reagan through GWBush got us into this mess (both the debt and the recession) by de-regulating financial institutions, spurring runaway wasteful military spending, launching two unfunded wars, and passing huge tax cuts for the wealthy.

No.  You give Presidents way to much credit. Dumb

They set the legislative agenda and signed the bills into law. Not exempting Clinton, BTW.

Not saying it's all their fault, but the problems would have been much smaller if we had different, better presidents.

[Dirty Sanchez]

Reagan wanted to have cuts, but knew he wouldn't get them past the tax and spend congress.  This is a well known fact to administration insiders and intellectually honest historians alike.

w on the other hand, was too socially liberal to be effective.  Of course, we'd kill to have those "giant" deficits now.



Notice how the largest of w's still pales in comparison to the smallest projected of the current administration.

[Kat Kid]

Reagan wanted to have cuts, but knew he wouldn't get them past the tax and spend congress.  This is a well known fact to administration insiders and intellectually honest historians alike.

w on the other hand, was too socially liberal to be effective.  Of course, we'd kill to have those "giant" deficits now.



Notice how the largest of w's still pales in comparison to the smallest projected of the current administration.

It is 2011. Luckily we now have the benefit of hindsight for 2009 and 2010, as well as new projections.  I'll direct you to find the actual deficits from the CBO at the link below, as well as the updated projections.

HTH

[john "teach me how to" dougie]

Reagan wanted to have cuts, but knew he wouldn't get them past the tax and spend congress.  This is a well known fact to administration insiders and intellectually honest historians alike.

w on the other hand, was too socially liberal to be effective.  Of course, we'd kill to have those "giant" deficits now.



Notice how the largest of w's still pales in comparison to the smallest projected of the current administration.

It is 2011. Luckily we now have the benefit of hindsight for 2009 and 2010, as well as new projections.  I'll direct you to find the actual deficits from the CBO at the link below, as well as the updated projections.

HTH

What are the "certain policies"?

Very uninformative.

[Dirty Sanchez]

Reagan wanted to have cuts, but knew he wouldn't get them past the tax and spend congress.  This is a well known fact to administration insiders and intellectually honest historians alike.

w on the other hand, was too socially liberal to be effective.  Of course, we'd kill to have those "giant" deficits now.



Notice how the largest of w's still pales in comparison to the smallest projected of the current administration.

It is 2011. Luckily we now have the benefit of hindsight for 2009 and 2010, as well as new projections.  I'll direct you to find the actual deficits from the CBO at the link below, as well as the updated projections.

HTH

What are the "certain policies"?

Very uninformative.

Expect anything else?

I bet he's still claiming there's no inflation.

[Kat Kid]

Reagan wanted to have cuts, but knew he wouldn't get them past the tax and spend congress.  This is a well known fact to administration insiders and intellectually honest historians alike.

w on the other hand, was too socially liberal to be effective.  Of course, we'd kill to have those "giant" deficits now.



Notice how the largest of w's still pales in comparison to the smallest projected of the current administration.

It is 2011. Luckily we now have the benefit of hindsight for 2009 and 2010, as well as new projections.  I'll direct you to find the actual deficits from the CBO at the link below, as well as the updated projections.

HTH

What are the "certain policies"?

Very uninformative.

Expect anything else?

I bet he's still claiming there's no inflation.

You two are incredible.  But really, go on using a going on 3 year old graph because it helps you make your point.  I wasn't claiming my info was providing anything more than the two years that actually happened.  The data for those two years on sanchez's graph are thus, empirically wrong.  But nice catch on a completely unrelated point guys, reelin' me in again!

[skycat]

The budget deficit was $1.2 trillion before Obama stepped foot in the Oval Office, due to the bank bailouts and reduced tax revenue caused by the recession.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

The budget deficit was $1.2 trillion before Obama stepped foot in the Oval Office, due to the bank bailouts and reduced tax revenue caused by the recession.