The Economy according to Obama
Wow! I had taken a brake from TheAnalyticsGuru.com to focus on my other blogs, Webmetricsguru.com and ArtNewYorkcity.com, but now, I’m also making a new start on this blog – but focusing not only on Web Analytics, but also, on any subject I think I can add Analytics Insight to.
Well .. how about The Economy ….. according to Paul Krugman – in a post – A scary analogy likens the proposed simulus package as too weak to get us up the hill:
“…If you don’t have enough momentum from the start and fail to provide enough “stimulus” to get the car over the crest of the hill, you can slide all the way back to the bottom, crashing into things along the way and ending up worse off than when you started.”
I agree – but I would add this point – it may be that Obama’s Economic team wants to apply a less than perfect stimulus just to see how effective it is and then add another stimulus package later (say in 9 months to a year).
I can see it both ways – on one hand – committing so much money (say – 2 Trillion Dollars) without really having a grip on how the Stimulus is going to work (by seeing it in action) leaves you less room later to manipulate or correct mistakes in the original legislation.
On the other hand, by going for a weaker than needed stimulus package now – Obama risks not having the buyin he needs to get it approved later – if things go really, really bad ..and, as Krugman points out – Republicans and Conseratives will be all over Obama, if his program doesn’t deliver.
Daily Kos has an analysis of Obama’s Stimulus package here – Examining the stimulus package.
Therefore, on the face of it – while Obama’s plan is bold, it might be better were it even BOLDER.
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