HaHa ... most of the world did not participate in FDR’s depression ... Odd that. And I wonder where all the Obama wealth transfer comes in? Yes you can lie to Kenyans, but not Americans.
Just imagine if the liberals with their CRA 1977 and their pursuit of the mythical redlining unicorn never happened. Seems like all we have proved is people who can’t afford homes still can’t afford homes.
Prevented, or just delayed?
But they acted quickly and the economy responded as intended. Whew!
We are in a depression and this author is a ****ing LIAR!
LLS
Anyhting coming from academia with even a remotely possible connection to politics is suspect. You can’t accept anything from a U.S. college campus on its face without thoroughly vetting the authors. Unfortunately, political activism has decimated the credibility of many once reliable institutions.
Now we are getting economic advise from a Commie newspaper? Shoosh, how come these commies were never able to make their system work, but are smart enough to know what a running dog capitalist system should do? Inquiring minds and all.
Blinder, Alan S.
PRINCETON, NJ
08540 Princeton University/professor $500 10/20/2008 G JUDY FEDER FOR CONGRESS - Democrat
Blinder, Alan S.
PRINCETON, NJ
08540 Princeton University/Professor $1,000 05/07/2008 P JUDY FEDER FOR CONGRESS - Democrat
Zandi, Mark
MALVERN, PA
19355 Moody’s/Economist $2,300 06/23/2008 G BOB ROGGIO FOR CONGRESS COMMITTEE, THE - Democrat
ZANDI, MARK M. MR.
MALVERN, PA
19355 MOODY’S ECONOMY.COM $2,300 04/18/2008 G MCCAIN-PALIN COMPLIANCE FUND INC. - Republican
ZANDI, MARK M. MR.
MALVERN, PA
19355 MOODY’S ECONOMY.COM/ECONOMIST $2,300 04/18/2008 P JOHN MCCAIN 2008 INC. - Republican
ZANDI, MARK M. MR.
MALVERN, PA
19355 MOODY’S ECONOMY.COM/ECONOMIST $-2,300 04/18/2008 P JOHN MCCAIN 2008 INC. - Republican
ZANDI, MARK
MALVERN, PA
19355 $-2,300 03/31/2008 G JOHN MCCAIN 2008 INC. - Republican
ZANDI, MARK MR.
MALVERN, PA
19355 MOODY’S ECONOMY.COM/ECONOMIST $-2,300 07/27/2007 P JOHN MCCAIN 2008 INC. - Republican
ZANDI, MARK MR.
MALVERN, PA
19355 MOODY’S ECONOMY.COM/ECONOMIST $2,300 07/27/2007 G JOHN MCCAIN 2008 INC. - Republican
Zandi, Mark M
MALVERN, PA
19355 Moody’s Economy.com/Chief Economist $2,300 06/26/2007 G SESTAK FOR CONGRESS - Democrat
Zandi, Mark M
MALVERN, PA
19355 Moody’s Economy.com/Chief Economist $2,300 06/24/2007 P SESTAK FOR CONGRESS - Democrat
ZANDI, MARK MR.
MALVERN, PA
19355 MOODY’S ECONOMY.COM/ECONOMIST $4,600 05/29/2007 P JOHN MCCAIN 2008 INC. - Republican
Another unbiased academic. /sarcasm
I estimate that unemployment would currently be at, or under, 6% if the Government had cut taxes on business $787 billion instead of passing the "Stimulus" spending package and there is MORE empirical data to support my estimate then there is to support THEIR assumptions
“With outright deflation in prices and wages in 2009 to 2011, this dark scenario constitutes a 1930s-like depression,”
That right there tells us which camp these meatheads are in. They’re making the same mistake Hoover made, believing that high prices and wages are a cause of prosperity, rather than an effect.
It is becoming more widely understood that TARP, indeed, DID stop a depression as it was used to bolster the supply-side. And TARP has mostly been paid back by the banks.
Because TARP is being understood as averting a depression, the liars are trying to claim the same for the Porkulus (that went to the demand side).
These people have zero shame. But we knew that.
The study’s authors are likely to have their findings hotly disputed by Republicans, who maintain that an unemployment rate stubbornly close to 10% means the government's interventions were a failure, fuelling an out-of-control budget deficit.....”Simply borrowing money from our grandchildren to send down to state governments is not going to jump start the economy,” McConnell told a newspaper in his home state of Kentucky. “The biggest way for the economy to recover is for the private sector to grow”
Well let's all party. How does all that debt get reduced with high unemployment, expanded government benefits and entitlements, more and bigger federal government? Reminds me of the $44,000 GM government motors electric car and those 300K green jobs in Detroit funded by taxpayers.
Fixed it for you
Oops! Wait, I guess it's getting worse.
The lack of a Dust Bowl prevented a 30’s style Depression.
George Bush's invasion of Iraq prevented a nuclear bombing of Manhattan.
I've got as much proof as Mark Zandi and Alan Blinder.
There is no way to measure “Number of Jobs saved”.
Considering the deficit was $1.4 Trillion out of $15 Trillion GDP, there was a slump of around 9%
Isn’t Blinder a “JournOlist” member?
Fixed it.