[parsifal]

I don’t know how tax cuts will help. We already have excess capacity. I don’t think tax cuts will go into production or investment in new equipment. It might help some small firms survive. Probably we need to get involved in protectionism, although that can cut two ways. Only answer I see is massive deficit spending, followed by hyperinflation.

parsy, who says what a way to run a country

[GeronL]

deficit spending will extend the recession just as FDR did. The depression was not really over until FDR stopped breathing.

[denydenydeny]

I don’t know how tax cuts will help.

Given your posting history, parsy, that statement is definitely true.

[Nathan Zachary]

"I don’t know how tax cuts will help. We already have excess capacity. I don’t think tax cuts will go into production or investment in new equipment. It might help some small firms survive. Probably we need to get involved in protectionism, although that can cut two ways. Only answer I see is massive deficit spending, followed by hyperinflation."

Tax cuts mean that social programs which is government spending will have to be cut. Tax cuts along with other red tape bureaucracy encourages growth in the private sector, which means jobs.

Protectionism will give to 50% unemployment instead of 25%. It didn't work for the soviets, and it won't work here.

Massive deficit spending leading to hyperinflation is not an answer, it's certain doom, and may already be a certainty.