Steady as she sinks
National Review
by the editors
11/25/08
By speaking of a two-year recovery plan, President-Elect Barack Obama has made it clear that the gathering economic gloom is going to continue gathering for some time. The stretching of time horizons is politically astute: If the economy picks up ahead of schedule, he will have beaten expectations; if not, he will have done what he can to avoid blame. … the policies that command Democratic attention right now are orthodox Keynesian ones: have the government put money into the economy, and give it to those recipients who are most likely to spend it. Which neatly fits Democratic proclivities: They are happy to give federal money to lower-income workers and state and local governments. We are less enthusiastic...
http://tinyurl.com/6msfqq
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Keynesian
by the editors
11/25/08
By speaking of a two-year recovery plan, President-Elect Barack Obama has made it clear that the gathering economic gloom is going to continue gathering for some time. The stretching of time horizons is politically astute: If the economy picks up ahead of schedule, he will have beaten expectations; if not, he will have done what he can to avoid blame. … the policies that command Democratic attention right now are orthodox Keynesian ones: have the government put money into the economy, and give it to those recipients who are most likely to spend it. Which neatly fits Democratic proclivities: They are happy to give federal money to lower-income workers and state and local governments. We are less enthusiastic...
http://tinyurl.com/6msfqq
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Keynesian
rudkla - 26. Nov, 11:22
