They tried super Keynesian methods and they failed, although no real discussion outside here (especially my posts:) on why they failed. Then Democrats ran out of time and public opinion went against increasing the debt enough to do another grand stimulus.
But in the liberal Krugman world, the stimulus should have be $3T not $800B. That might have got them through the 2010 election anyway.
If Obama win’s re-election he will inherit a real mess from himself in 2013.
If Obama wins re-election he will inherit a real mess from himself in 2013.
Well, he is certainly doing everything possible to test the mettle of his loyal voters.