BRIDGING THE GAP BY SELLING A BRIDGE
Charles Krauthammer invents a new context for belittling liberals, calling them "infantile" for not accepting the moral proposition that we should borrow money to give to the very, very wealthiest, if we are going to extend income to the unemployed.
But look at his math.
He declares, "the package will add as much as 1 percent to GDP and lower the unemployment rate by about 1.5 percentage points".
Yet, he reckons that package size that Bush-44 got is bigger than $814 billion. $814 billion is 5.5% of GDP.
Got that? Stimulus package of 5.5% of GDP gets you 1% GDP growth ...
Monday, December 13, 2010
"Infantile"
