tag:blogger.com,1999:blog-5256576573761778510.post5936897127459115144..comments2023-08-15T03:15:12.607-05:00Comments on Povey Prattle: Change? "No we cannot". Pres. Obama's dismal performance and dreadful disappointmentsJ. Michael Poveyhttp://www.blogger.com/profile/17835759800684119909noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5256576573761778510.post-10054641731433364242011-08-02T11:24:31.210-05:002011-08-02T11:24:31.210-05:00I was mugged in a dark parking lot by 2 men with a...I was mugged in a dark parking lot by 2 men with a gun. I gave them my money. I gave them my money to prevent their shooting me. It's easier to feel bad about getting mugged than to feel grateful I survived--the poorer for it--but something like that has just occurred in D.C.Pathttps://www.blogger.com/profile/06014593820858989015noreply@blogger.comtag:blogger.com,1999:blog-5256576573761778510.post-33019408961501883422011-08-01T21:43:31.751-05:002011-08-01T21:43:31.751-05:00You're right. The Herbert Hoover/Andrew Mellon...You're right. The Herbert Hoover/Andrew Mellon approach didn't work for the Great Depression and it certainly won't work now. You don't fix a liquidity trap and depressed aggregate demand with fiscal contraction. They're just creating more misery, mostly for those who are already hurting.<br />I'm not sure how Obama expects to get re-elected now that he's helped the tea partiers put a poor economy back into the dumpster.Anonymousnoreply@blogger.com