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January 14, 2009
Scary, Indeed
Krugman quotes a stimulus analogy by Mark Thoma:
I think the stimulus package is like driving up an icy hill. If you don’t have enough momentum from the start and fail to provide enough “stimulus” to get the car over the crest of the hill, you can slide all the way back to the bottom, crashing into things along the way and ending up worse off than when you started.
As of right now, I agree that the president-elect hasn't floored it enough to make it to the top. However, I'm confident that he will. Krugman adds:
...if the stimulus package is too weak, conservatives will pile on after it fails to deliver, claiming that the whole concept has been discredited.
Of course this would mean an affirmation of Reaganomics -- even though it's been a proven failure.
Filed under: Paul Krugman || Stimulus
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Posted By Bob Cesca | January 14, 2009 10:55 AM
Comments
I think he'll floor it, too, but we have to get that bunch of frakking speed bumps out of the way. You know, the Democrats and their "bi-partisan" bullshit. They are so afraid of having to own this thing if something doesn't go well that they're perfectly willing to sabotage the whole package before it really gets off the ground.
Word is, Obama's been up on the Hill wooing the Republicans. Wouldn't that be something if they turn out to be more cooperative than the Democrats? I know, I know. It's a pipe-dream...
Posted by: Nanotyrannus at January 14, 2009 11:49 AM
Obama signaled willingness to have Congress tack on appropriations and make changes. That's sure to add the pork needed for passage.
The GOP is the side with the big gamble, if they can take no credit for the stimulus and it works,.
Posted by: Matt Osborne at January 14, 2009 12:09 PM
Since when did Rush Limbaugh sign up to comment on this blog?
Posted by: m4rk0 at January 14, 2009 2:59 PM
Lib - thanks for the laughs today!
Posted by: cminri at January 14, 2009 3:46 PM
