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To: reaganaut1
But an effective remedy is at hand. A simple revision to current tax policy could spur an immediate burst of nongovernment spending that would help restore full employment without adding to the defict

Only problem is this whole notion is based on a fraudulent assumption. Government Stimulus spending does NOT create sustained employment and economic growth.

The Japaneses, faced with a similar economic contraction tried this Demand side theory all during the 1990s. It failed...utterly

Someone needs to tie every member of the US Junk Media down and read to them this book. They all push this fraudulent notion that Government Stimulus spending will create jobs. No it will not

Japan's Lost Decade: Origins, Consequences and Prospects for Recovery by Gary Saxonhouse and Robert Stern (Paperback - Mar. 12, 2004)

3 posted on 03/21/2010 6:15:58 AM PDT by MNJohnnie ("The trouble with socialism is that eventually you run out of other peoples' money" Lady Thatcher)
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To: MNJohnnie
Anarcho-syndicalist flag
4 posted on 03/21/2010 6:24:56 AM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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