Romer, who became the chair of Obama’s Council of Economic Advisers, estimated that increased government spending would add $1.57 to GDP for every $1 spent, while $1 of tax cuts would add only 99 cents. But a vigilant media would have noticed what economist Greg Mankiw did: that Romer wrote a paper with her husband, David, in 2007 that found that each dollar of tax cuts has historically raised GDP by about $3 — three times Romer’s new estimate. Romer was just changing history to meet the desired paradigm. “we’re going to have to change our traditions, OUR HISTORY and we’re going to have to move to a different place.” Michelle Obama_July 21 2008
If the crash comes before the 2012 elections, then the Dhimmicrats may think that they will be able to hang on with Acorn and aliens boosting and shading the vote. If they are still bothering with a vote. Only thing that makes sense. Do they think that they can overthrow themselves and then ride in to a new position with the structures that are in place for ensuring the continuance of the government? Are they really trying to cause a collapse at this point? May be hard to keep the states all together without Presbo’s civilian army in place yet.