Experimentum crucis? « The HabitableZone

Experimentum crucis? April 25, 2012 9:51 am ER

Austerity measures do not seem to be working in Europe as nation after nation falls into double dip recession. Perhaps stimulus is the answer, as practiced by Mr Obama in the US?

At any rate, those of us interested in what might happen in the USA if Mr Romney wins the election might do well to cast their eyes across the pond. Severe cutbacks to government spending and reductions of government investment are the solution being implemented there, and suggested here. How it works out for them may be a useful policy guide for us to consider before we try it. Wherever America is heading, Europe will get there first.

http://www.post-gazette.com/stories/news/world/call-for-growth-to-counter-german-push-for-austerity-632894/

(I understand NYT has a much more comprehensive article, but I couldn’t unlock it.) Any NYT subscribers out there?)

Please don't tell me you support Romney... pretty please? by VelociraptorBlade 2012-04-25 20:07:02
- No, I don't support him. I used to think he was a moderate Republican and competent administrator, a man ... by ER 2012-04-25 21:00:11
  - Wow. Total nuclear warfare by the Republicans. by TB 2012-04-25 21:53:58
    - In other words, the Republicans first proposed a stimulus package under Bush...it was his idea, remember? Until Obama embraced it. ... by ER 2012-04-26 05:31:28
      - The Republicans had nothing to do with the 2009 American Recovery and Reinvestment Act. by TB 2012-04-26 09:54:27
        
        Q: When did the Great Recession begin? A: December 2007, according to the National Bureau of Economic Research, a private, nonprofit ... by ER 2012-04-26 10:16:46
        
        What does that have to do with anything I just said? But whatever. by TB 2012-04-26 10:31:06
        
        What does that have to do with anything I just said? by ER 2012-04-26 11:10:09
        
        My original point: The Republicans didn't actually manage to sabotage anything, by TB 2012-04-26 11:46:45
        
        When those people signed the pledge to not support anything Obama proposed, what do you think they were doing? Did that ... by bowser 2012-04-26 12:10:26
        
        This is probably a futile question, but did you ever actually read that thing? by TB 2012-04-26 12:24:44
- You might be out of luck: by TB 2012-04-25 20:50:01
  - How very convenient that you leave out the rest of the article, TB. by VelociraptorBlade 2012-04-26 02:35:29
    - Which says what? by TB 2012-04-26 09:39:52
      - You got caught, TB. Be gracious about it and admit it. by ER 2012-04-26 10:22:04
        
        Caught doing what??? Seriously. by TB 2012-04-26 10:32:21
        
        Republicans have a different definition of American Exceptionalism than Democrats do. Democrats believe America is special because of what it ... by ER 2012-04-26 10:55:17
        
        What ER said. by VelociraptorBlade 2012-04-26 20:25:06
        
        "Our president doesn’t have the same feelings about American exceptionalism that we do,” Romney said Saturday. “And I think over ... by VelociraptorBlade 2012-04-26 10:42:17
        
        So you believe Romney, even if Obama disagrees with him? by TB 2012-04-26 11:06:17
        
        Obama's saying that the United States has the capacity to do great things, and that he has pursued such goals ... by VelociraptorBlade 2012-04-26 20:27:40
    - You learn quickly, grasshopper. by ER 2012-04-26 06:11:00
The Austerity Debacle by ER 2012-04-25 12:54:59
- A commentary on Krugman's article here. by TB 2012-04-25 13:33:39
  - To be perfectly fair to Dr Hayek and Dr Friedman, neither of them comments on Dr Krugman's article. And neither ... by ER 2012-04-25 14:04:17
    - What's his bio got to do with it? by TB 2012-04-25 15:31:57
      - What did Friedman and Hayek have to do with it? Were you just name- dropping Nobels to counteract Krugman's, ... by ER 2012-04-25 15:46:31
        
        Of course I was name-dropping, same as you. by TB 2012-04-25 16:35:57
        
        Oh, so only libertarian economists use numbers? by ER 2012-04-25 16:45:22
        
        It's not about using them. It's about being willing to show them, and think about them. by TB 2012-04-25 17:16:42
        
        Tom, astrologers use numbers, and charts and graphs and scienterrific-sounding terms too. And not only do economists disagree, aren't ... by ER 2012-04-25 17:57:20
        
        You know, there's a certain amount of amusement value to this, by TB 2012-04-25 18:05:53
        
        Gee, I tried to meet you half-way. 8) by ER 2012-04-25 18:20:36
You're not seeing an experiment beginning. You're seeing the results of one that has been completed. by TB 2012-04-25 11:22:22
Certainly worth watching, as you suggest. And their economies are a bit different than ours. What is appropriate ... by bowser 2012-04-25 10:53:45

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