On Thu, Jan 28, 2010 at 1:01 PM, Doug Henwood <dhenwood at panix.com> wrote:
>
> First, change matters when you're talking fiscal policy, not levels. And
> second, there's already about 2% of tightening built in, which O is
> proposing to add to. So from 2011 onward, fiscal policy will tighten rather
> considerably. Given the weakness of the economy and its dependence on
> Washington for the weak recovery that it's had, it's pretty scary.
>
> Besides, what will pay for all that high-flown rhetoric about green jobs and
> structural reinvention?
>
> Doug
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