Comment

Dow Goes Over 13000 for the First Time Since 2008

77
Obdicut (Now with 2% less brain)2/21/2012 11:19:57 am PST

re: #76 Daniel Ballard

I reject your premise that I spoke of austerity in the context that there were no stimulus measures.

You did. And you even called it a dichotomy.

I am confused. In Europe, austerity is the game saving economic plan. But here it is argued we must spend, spend, spend to fix our economy. 66% more than we did if you ask Krugman.

It was argued that they had to spend in France, Germany, Norway, Finland, Sweden, Denmark, etc. etc. as well. And they did. And most of those countries did not enact austerity measures— didn’t make cuts to their government to the extent we did. Austerity was not the plan in Europe. It was/is the plan— and not the complete plan— in a few places in Europe.

Did you know about all the stimulus that happened in Europe?