You know the second coming of Jimmy Carter has arrived when MSM hacks complain about Obama not having enough stuff to spend our taxpayer dollars on. Here is Paul Krugman appearing on ABC’s “This Week,” who responded to George Stephanopoulos’s question on whether he is going to stick to the $600 billion economic recovery spending projection he made on the show a few weeks ago: (h/t Newsbusters)
PAUL KRUGMAN, NEW YORK TIMES: My number will be going up. My problem is that the actual constraint is not going to be political will. No. The actual constraint is going to be finding enough stuff to spend on. Try to find that much (laughter from panel)…No. The words here are shovel ready. Now, how much is shovel ready? How much can you actually get going in time to help this year and this coming year?
GWEN IFILL, PBS: The governors came to town to Philadelphia and they met with the president-elect and they say we have a lot of shovel ready projects.
KRUGMAN: Yeah, but again, what’s a lot? I mean, even with their full wish list you have trouble getting up to 100 billion. So now you start doing other stuff, and you start saying, well, you know, but it’s, it is not that easy, believe it or not, even Washington can’t spend $600 billion in a year very easily. So, to push north of that is hard to do.
Just what we need. Politicians getting their shovels out to dig us into a deeper hole with more entitlement spending. These people really have no clue. I mean throwing money at problems has been tried. And it’s failed spectacularly. What they should be asking how much spending can we cut? Let the people keep more of the money they earn and they will spend it, which stimulates the economy.
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i love how they sound like its a big joke to them about finding enough stuff to spend the money on. maybe we should save the money and see what happens. maybe we should get rid of all lib media and then we would only have views that make sense. god they are arrogant.
“Let the people keep more of the money they earn and they will spend it, which stimulates the economy.”
Right on the dot, Curt. There is no other way around.
Geez they are trying to find more programs to throw money down the drain. Great idea during a recession. Waht a bunch of idiots. Trying to emulate FDR’s debacle of extending the Great Depression.
Krugman is proof that nobel prizes are mostly a sham given to those with the correct leftwing leanings.
Spend our way out of a recession. Ha! Next they’ll tell us to dig our way out of a hole.
“Let the people keep more of the money they earn and they will spend it, which stimulates the economy. ”
Hey Curt, in this brand new video of Sarah Palin, she says exactly that same sentence:
Canada AM: Gov. Palin Interview
http://www.youtube.com/watch?v=qsI-7ajkKto&eurl=http://www.antagoniste.net/
Learn to read, dummy. Curt bemoaned more entitlement programs, not infrastructure. He knows what “shovel-ready” means, he provided the mention in the post. Krugman’s talking about how difficult it will be to spend money above and beyond those projects which will leave us with democrats throwing money at entitlement programs.
“GWEN IFILL, PBS: The governors came to town to Philadelphia and they met with the president-elect and they say we have a lot of shovel ready projects.
KRUGMAN: Yeah, but again, what’s a lot? I mean, even with their full wish list you have trouble getting up to 100 billion. So now you start doing other stuff, and you start saying, well, you know, but it’s, it is not that easy, believe it or not, even Washington can’t spend $600 billion in a year very easily. So, to push north of that is hard to do.”
Missy, he’s jus being a “tolereant liberal.” Basically inbreds like him is what happens when parents don’t spank their kids. However, it only makes it funnier when they get punched in the face for talking to someone like that in person. Their behavior can have consequences is the lesson they take away from that.
Well, he certainly is a stellar example of who represents the dumb in Mike’s America.
Missy, I guess he found DUNG or the KOSlims to be too moderate. 😉
If this CBS report is even halfway accurate, there will be plenty to throw money at.
My personal favorite line was about the “NINJA loans” .. No Income No Job or Assets
Sigmund has been warning us, this article confirms what he has been telling us.
Barack Obama-San
In the Age of Obama, we seem fated to re-explain these eternal lessons. So for today we thought we’d recount the history of the last major country that tried to spend its way to “stimulus” — Japan during its “lost decade” of the 1990s. In 1992, Japanese Prime Minister Kiichi Miyazawa faced falling property prices and a stock market that had sunk 60% in three years. Mr. Miyazawa’s Liberal Democratic Party won re-election promising that Japan would spend its way to becoming a “lifestyle superpower.” The country embarked on a great Keynesian experiment:
Timeline of Japan’s failed experiment:
http://online.wsj.com/article/SB12293893247859075.html