nerv14
Well-known member
- Joined
- Apr 27, 2009
- Messages
- 601
- Reaction score
- 42
- Gender
- Male
- Political Leaning
- Independent
If you ask any economist, they will tell you that you NEED to have a large defecit in a recession to push the aggregate demand curve to the right. That is where Obama is doing well...
However, they also tell you that in a good economy you should have a surplus to make up for the defecits. Obama will be sure to miss that, but what he is doing now DOES make sense.
If Obama has a large surplus after the economy recovers, then I will like him no matter what else he does...
If after the economy recovers, if he just increases taxes the rich, reduces pork and doesn't have too much randome spending, then he may be able to pull this off.
However, they also tell you that in a good economy you should have a surplus to make up for the defecits. Obama will be sure to miss that, but what he is doing now DOES make sense.
If Obama has a large surplus after the economy recovers, then I will like him no matter what else he does...
If after the economy recovers, if he just increases taxes the rich, reduces pork and doesn't have too much randome spending, then he may be able to pull this off.