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| Re: Food for Thought For Liberals (469404) | |||
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Re: Food for Thought For Liberals |
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Posted by trainsarefun on Fri Jul 3 10:26:42 2009, in response to Re: Food for Thought For Liberals, posted by shiznit1987 on Fri Jul 3 02:54:28 2009. None of those reflect 'socialism', a charge that is thrown around a lot without being much understood. Many of them reflect, I think, ineffective and poor attempts to right the economy that stand a fair chance of being more wasteful than inaction, and probably not making much of a difference anyway.We need to get away from the one word 'socialism' rejoinder to policies and get down to what we actually like or don't like about them and their consequences. There is plenty that I am not a fan of in TARP, TARP 2.0, and in the energy bill, and a lot of the stimulus bill too, but I do better to address that point by point than just yell 'socialism!' The Keynesian "Renew America" project I didn't find much wrong with that aspect of President Obama's program in principle. The problem was that the actual stimulus bill that passed Congress was not very much of a "Renew America" bill; a lot of looked like political payback. The importance of stimulus hitting at the right time (soon after, or better yet, just before, the cycle has hit the downward phase, otherwise you have to push up the overall amount) and in the right dollar range (it's liable to mostly fail if the amount is low, making overstimulation better to err on the side of). Paying for (long lived capital) assets on a long time scale on borrowed money is something familiar to all of us. |
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