Monday, February 16, 2009
Trickling On
Do you think trickle up economics - i.e. Obamanomics will be as successful as trickle down - i.e. Reganomics?
Earlier I was reading a news report that referred to the economic stimulus as "the great experiment". In the words of Eric Idle - "Say no more..."
Lets assume this this Pelosi pork fest has a positive effect. What is going to be the long term impact? Why can't we ride out this main stream media inspired recession the same way we've ridden out the previous ones? Seems to me the "stimulus" is trying to recreate the hyper-growth conditions which precipitated the current "crisis". (I emphasized the word crisis because only 93% of the eligible work force is currently employed.) ¶ 16.2.09
Earlier I was reading a news report that referred to the economic stimulus as "the great experiment". In the words of Eric Idle - "Say no more..."
Lets assume this this Pelosi pork fest has a positive effect. What is going to be the long term impact? Why can't we ride out this main stream media inspired recession the same way we've ridden out the previous ones? Seems to me the "stimulus" is trying to recreate the hyper-growth conditions which precipitated the current "crisis". (I emphasized the word crisis because only 93% of the eligible work force is currently employed.) ¶ 16.2.09
