tag:blogger.com,1999:blog-11027528911364475.post213144919687456594..comments2024-02-18T21:10:05.205-08:00Comments on EconomPic: Stimulus TimelineJakehttp://www.blogger.com/profile/07946497592651234440noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11027528911364475.post-76550612481024800172009-01-28T08:16:00.000-08:002009-01-28T08:16:00.000-08:00Even if the economy were to bottom in mid-2009 (I ...Even if the economy were to bottom in mid-2009 (I personally doubt it), a bottom doesn't mean there isn't an output gap that needs to be filled. <BR/><BR/>For example, if the economy "should" be producing 1000 units at full capacity and is now producing 900, should we not stimulate the economy to move that figure up to 950, rather than the improved 910?<BR/><BR/>Probably a lame example, but I hope you get my point.Jakehttps://www.blogger.com/profile/07946497592651234440noreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-11059267622050397602009-01-28T07:59:00.000-08:002009-01-28T07:59:00.000-08:00Oh, give me a break. Right now, economists are fo...Oh, give me a break. Right now, economists are forecasting a bottom around mid-year. How does spending stimulus in 09 and 10 help that? Or is the assumption on Krugman's part that this recession runs another 3 years?Steven Kopitshttps://www.blogger.com/profile/15678824824850851548noreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-54754358213871110592009-01-27T19:18:00.000-08:002009-01-27T19:18:00.000-08:00while politics do tend to get shady, this has fox ...while politics do tend to get shady, this has fox news / conservative republican 'we'll make a fight out of nothing to get more tax cuts in the plan written all over it'.(i actually wrote that fox news comment before i clicked over and saw it was in fact... from fox news... too easy).<BR/><BR/>$4.1 billion for "neighborhood stabilization activities related to emergency assistance for the redevelopment of abandoned and foreclosed homes" means a whole lot besides acorn.<BR/><BR/>here is another <A HREF="http://mediamatters.org/items/200901270010?f=h_latest" REL="nofollow">perspective</A>:<BR/><BR/>"The provision requires that money will be distributed through competitive processes. It states that, "not less than $3,440,000,000 shall be allocated by a competition" to "States, units of general local government, and nonprofit entities or consortia of nonprofit entities." It also provides that "up to $750,000,000 shall be awarded by competition to nonprofit entities or consortia of nonprofit entities to provide community stabilization assistance."Jakehttps://www.blogger.com/profile/07946497592651234440noreply@blogger.com