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Yes, that's why I said that's his line. They're probably going to ask for more because our credit system is ****ed. But putting a specific number on it, and pretending that Geithner has proposed it, is either idiotic or dishonest.
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"Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
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You're the person that just said Geithner was only requesting money that has already been appropriated under TARP, which is demonstrably not true.
I wasn't aware of the funding source for the expansion in consumer lending, but that is not 550. That's not germane to the point here."Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
-BokononComment
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Looks like I was right.
CBO estimates the 2009 deficit will reach 8.3% of the economy, not including the stimulus or bank bailout cash. Toss in those, and analysts at the Strategas Group estimate the deficit could hit nearly $2 trillion, or 13.5% of the U.S. economy.
I'm guessing this is where Mankiw found the chart.Comment
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I'll see if I can find a similar article from the FT.Comment
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Originally posted by Naked Gents Rut View PostLooks like I was right.
CBO estimates the 2009 deficit will reach 8.3% of the economy, not including the stimulus or bank bailout cash. Toss in those, and analysts at the Strategas Group estimate the deficit could hit nearly $2 trillion, or 13.5% of the U.S. economy.
I'm guessing this is where Mankiw found the chart.
Read what that says one more time."Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
-BokononComment
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It says Strategas estimated stimulus spending and bank bailouts for 2009. That's exactly what I suspected they did.Comment
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It doesn't say that it made up numbers. An estimate isn't a fabrication.
As I said:
Originally posted by Ramo View Post"Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
-BokononComment
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It doesn't say that it made up numbers.
How the hell do estimate spending that hasn't happened yet if not through some educated guessing? You seem to want to predict new government spending over the entirety of 2009 based only on hard numbers from appropriations in January and February, which is double-**** territory.Comment
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From previous years. Not realizing that is triple-**** territory.
And the fiscal year ends in September, so 2009 includes October, November, and December of 2008.
Why are you arguing this anyways? Your quote proved that I was right. They mislabeled the graph."Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
-BokononComment
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From previous years.
Oh jesus. I'm sure we can use all the trillion dollar bank bailouts from previous years to put a number on the coming one.
Your quote proved that I was right.
What now? You said they were morons who counted the entire multi-year cost of the stimulus in 2009. There's still no reason to believe that.Comment
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Yes, that's why it obviously isn't included. No one knows how big it is or when it comes.
I don't know why this retarded conversation is continuing when I was just proven right."Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
-BokononComment
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Hey, I have a blog thereOriginally posted by snoopy369 View PostAh, blogspot, that most trusted of references.
. But yeah, Greg Mankiw is a known economist. Not that I agree with him necessarily, but he's certainly more reputable than any of us.
"The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
-Joan RobinsonComment
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I don't know why this retarded conversation is continuing when I was just proven right.
Hey, if claiming you were right will shut you up, be my guest. Your arguments are so scattershot and stupid that they're making my head hurt.Comment
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You said they were morons who counted the entire multi-year cost of the stimulus in 2009.
I said there were two options. One was that they mislabeled the graph. Which is what happened. You are most definitely wrong."Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
-BokononComment
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