Wednesday, October 1, 2014

Mark Thoma — The Contribution of Fiscal Policy to Real GDP Growth

From the comments at Economists View:
Lafayette said...

{Between 2008 and 2011, fiscal impact was positive, indicating that government policy was stimulative; in recent years, it has been negative, indicating restraint.}
And, what happened in 2008 to boost the economy? Lead-head left office and handed Obama on a platter the worst recession since the 1930s.
What did a Dem Prez and a Dem Congress do? They passed the ARRA stimulus spending bill of $831B in 2009. 
Were Americans grateful for having spiked unemployment at 10%, when it could have gone to Great Depression levels of 20/25%?
Nope - they voted the Koch Bros' T-Party in control of the HofR in 2010. All Stimulus Spending stopped dead.
How dumb can voters get? Really effing dumb ...
Not only dumb. Misled by a massive propaganda effort to convince them to vote against their economic interests for ideological reasons. The result. A repeat of 1937.
 
Economist’s View
The Contribution of Fiscal Policy to Real GDP Growth
Mark Thoma | Professor of Economics, University of Oregon

2 comments:

Matt Franko said...

Bush left in 2009....

fiscal stimulus started here already:

http://en.wikipedia.org/wiki/Economic_Stimulus_Act_of_2008

This guy is a moron partisan hack...

Tom Hickey said...

True, but the 2008 bill was $152 B, whereas the ARRA of 2009 was an estimated $831 (over ten years).