General Discussion
In reply to the discussion: Krugman is correct but he's not right! He is brilliant on economics, naive on GOVERNANCE! [View all]n2doc
(47,953 posts)All we would have heard would have been "He's spending Two TRILLLLLLLIIIIOOONN DOOOLLLAARRS" over and over from the MSM. The symbolism would have played right into their hands. I do agree with you that Obama listened to those who thought 800 billion, with a big chunk of it in tax cuts, was the proper size. Those were the same people telling him to bail out the banks at all costs, and to not mess with the wars. I don't think that if he knew it was too small but pushed for 800 billion anyway, that it paints him as an idiot. It was what he and his advisors thought they could pass. It did help. He did try some other things, but 2010 ended all hope of any serious stimulus extension, and ushered in a new round of cutting by the states that made things worse.