Sunday, March 8, 2009

YouTube - The Shortcomings of the Stimulus Plan

Krugman wants a 1.4 trillion dollar stimulus package. How much is 1.4 trillion dollars? I have never seen 1.4 trillion dollars in cash before my eyes. However, does it really matter?

If Greenspan, wildly celebrated until 2004, or even 2005, had a role, albeit tiny, by not responding to the crisis, who can we believe? I remember BBC doing a feature on Alan Greenspan as late as 2006, noting that Alan Greenspan even had a song dedicated to him.

What do you think?

Posted via web from Kushal's posterous

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