my favorite wackonomicist --
Quote:
Praying for a Recession
blah, blah, blah, we need bigger government in order to keep us from having a great depression, and yes I think we need bigger government even when we're not threated with Great Depression, blah, blah, blah....
most Republicans aren’t going to accept the need for a big-spending, F.D.R.-type solution to the economic crisis.
The biggest problem facing the Obama plan, however, is likely to be the demand of many politicians for proof that the benefits of the proposed public spending justify its costs...
blah, blah, blah, blah if we the government don't spend lots of money people will stop getting out of bed in the morning and therefore all activity will grind to an absolute halt.
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According to Krugman,
the biggest problem for Obamanism is that politicians will be too demanding that requests for spending be rationally justified.
WTF????
Krugman is referring to the same congress that just doled out $700 billion and can't really tell you a damn thing about who is getting the money much less how it is being used. There's about three trillion dollars of empirical evidence floating through New Deal and Great Society era government programs that conclusively show that Congress is neither overwhelmingly reluctant to spend nor overly concerned with cost-benefit justification.
Moreover, Krugman's thinking shows a massive disconnect with human nature and reality. It is a problem that congressmen are too cautious with spending taxpayers money???? Since when?
so, what we learn from professor krugman:
-terrorists flying planes into buildings is good for the economy;
-people don't like to spend money to buy fun shit and therefore they need to be prodded in order to keep them from saving all of their hard earned dollars;
-congressman are excessively frugal and ill-disposed towards taking chances with taxpayer dollars.