Interesting graph

Duff Miver

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Jul 29, 2009
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Right behind you
Those who put faith above fact need not read further.

070811krugman1-blog480.jpg


Paul Krugman just posted this graph. The blue line is the interest rate on ten-year bonds. The red line is the unemployment rate. The higher the blue line, the more we should worry about the federal deficit. The higher the red line, the more we should worry about jobs. And yet the debate in Washington right now is almost exclusively about how to reduce deficits, primarily by reducing government spending.
 

Skulnik

Truth Teller
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Mar 30, 2007
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Those who put faith above fact need not read further.

070811krugman1-blog480.jpg


Paul Krugman just posted this graph. The blue line is the interest rate on ten-year bonds. The red line is the unemployment rate. The higher the blue line, the more we should worry about the federal deficit. The higher the red line, the more we should worry about jobs. And yet the debate in Washington right now is almost exclusively about how to reduce deficits, primarily by reducing government spending.

And Obama wanted OBAMACARE for his first year in office, maybe JOBS would've been appropriate.

JMHO

:confused:
 

Trench

Turn it up
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Mar 8, 2008
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And Obama wanted OBAMACARE for his first year in office, maybe JOBS would've been appropriate.

JMHO

:confused:
Skul, what do you think the Stimulus package was for?

Now, tell me why it didn't work nearly as well as it should have.

:0corn

You can do it, Skul. You're not stupid.
 

Trench

Turn it up
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Mar 8, 2008
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Because they gave the States the money to fill their budget shortfalls.

:0074
Very good Skul. :0074

Tax cuts, unemployment benefits, health insurance and Medicaid, Food Stamps, etc. It was more of a "Care Package" than a Stimulus Package.
 
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