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EFerrari

(163,986 posts)

11. Dean Baker was warning Obama in January 2009.

Reply to LuckyTheDog (Reply #6)

Fri May 4, 2012, 12:49 PM

May 2012

You're right about Congressional opposition but it's just not the case that the White House had bad numbers or that no body knew or warned that the stimulus was too small.

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Elevator speech: What I tell people when they say "the stimulus failed" [View all] LuckyTheDog May 2012 OP

Why should you buy a ladder when you're already in debt from buying the shovel? Ian David May 2012 #1

This message was self-deleted by its author EOTE May 2012 #2

But the world's most respected economists said a taller ladder was needed from the start EOTE May 2012 #3

Correct. n/t EFerrari May 2012 #4

Well, at the time, they were working from faulty, out-of-date numbers LuckyTheDog May 2012 #6

Once again, the most informed of them KNEW a bigger stimulus was required. EOTE May 2012 #7

Agreed. Paul Krugman then...and again last night on MSNBC FailureToCommunicate May 2012 #8

It was not JUST the "most informed" - the Congressional Budget Office numbers were KNOWN BY ALL kenny blankenship May 2012 #29

Stiglitz' theory (in his magisterial 'Freefall') is that the Obama administration for reasons known coalition_unwilling May 2012 #30

Thanks for this information. EOTE May 2012 #32

Dean Baker was warning Obama in January 2009. EFerrari May 2012 #11

As soon as the Administration realized SCantiGOP May 2012 #13

Then they were very late to the party. EOTE May 2012 #15

yep, they're running the ad right now newspeak May 2012 #24

also, I'd like to ad, they're still claiming that lower taxes for the rich and infamous newspeak May 2012 #25

The stimulus, such as it was, actually DID work. We were coalition_unwilling May 2012 #31

yes, I remember that, now that you mention it. BlancheSplanchnik May 2012 #16

Yep. But I keep forgetting... LuckyTheDog May 2012 #23

Good visual. But most of the country knew the economy was in much worse shape. MrTriumph May 2012 #5

Government always does less than what is needed abelenkpe May 2012 #9

The banks got their 15 foot ladder. progressoid May 2012 #10

EXACTLY. sendero May 2012 #27

Republicans would have the poor and middle class lie down in the hole JBoy May 2012 #12

Blame Obama LASlibinSC May 2012 #14

When the hole is full of water a 10 foot ladder is an insult. progressoid May 2012 #18

Well played! LASlibinSC May 2012 #20

Great explanation! Important too, bec. those who think the stimulus failed BlancheSplanchnik May 2012 #17

The truth is the stimulus did fail as was predicted EFerrari May 2012 #21

actually the stimulus could not be called a failure newspeak May 2012 #26

They gave the BANKS a 15' ladder, and told us that they would pull us up once they were safe... Romulox May 2012 #19

Total BS: "The hole was deeper than anyone realized." cthulu2016 May 2012 #22

GOP Solution ThoughtCriminal May 2012 #28

Good analogy Proud Liberal Dem May 2012 #33

I ask them 2 questions ... 1) Why is UE down to 8% from a high of 10%? ... JoePhilly May 2012 #34