So famously pundits like to focus on just one word, of just one paragraph, on just one day.
1) Rep Ryan Famously voted for TARP, required since something unprecedented was happening: For which even the Bush Administration had to take preventive measures. That was nearly $1.0 tril.
2) It was a Bush Administration, complete with a Rep. Ryan, so a disaster was underway as the outcome. Obama-Biden would come up with yet another $1.0 tril.
With no pretense of funding Social Security or Medicare: The U. S. Federal Government came with $2.0 tril. in less than 12 months. And still the programs used created an anemic recovery, and illogical analyses like in the link below:
Weak recovery provides strong opportunity for GOP hopefuls - Economy Watch
Over and over again there is the concept of "Worst since the Great Depression." Therefore the comparison with mild and severe "recessions."
In fact, a lot of the current "worst" recovery is in California--a most populated place. A lot the economy isn't noticing anything at all!
The imaginary, "imaginary" recovery is from a disaster easily as deep as everyone was afraid of--when $1.0 tril. was set up to pay bonuses to a few hundred bankers. Even Keynes would say that those were not exactly, "shovel ready jobs."
"Crow, James Crow: Shaken, Not Stirred!'
(Great Spirit send Greater Winds to Tampa, FL: To clear the air of the "imaginary" signals!)
1) Rep Ryan Famously voted for TARP, required since something unprecedented was happening: For which even the Bush Administration had to take preventive measures. That was nearly $1.0 tril.
2) It was a Bush Administration, complete with a Rep. Ryan, so a disaster was underway as the outcome. Obama-Biden would come up with yet another $1.0 tril.
With no pretense of funding Social Security or Medicare: The U. S. Federal Government came with $2.0 tril. in less than 12 months. And still the programs used created an anemic recovery, and illogical analyses like in the link below:
Weak recovery provides strong opportunity for GOP hopefuls - Economy Watch
Over and over again there is the concept of "Worst since the Great Depression." Therefore the comparison with mild and severe "recessions."
In fact, a lot of the current "worst" recovery is in California--a most populated place. A lot the economy isn't noticing anything at all!
The imaginary, "imaginary" recovery is from a disaster easily as deep as everyone was afraid of--when $1.0 tril. was set up to pay bonuses to a few hundred bankers. Even Keynes would say that those were not exactly, "shovel ready jobs."
"Crow, James Crow: Shaken, Not Stirred!'
(Great Spirit send Greater Winds to Tampa, FL: To clear the air of the "imaginary" signals!)
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