Comments on: Stumped http://blog.siekierski.com/wordpress/?p=1006 Forcing You To Listen To Reason Tue, 27 Jul 2010 14:36:24 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Kevin Siekierski http://blog.siekierski.com/wordpress/?p=1006&cpage=1#comment-132 Kevin Siekierski Tue, 10 Feb 2009 16:23:16 +0000 http://blog.siekierski.com/wordpress/?p=1006#comment-132 Japan is still in an economic funk. What's doubly ironic is that Japan tried the government-based stimulation approach and it didn't work. In fact, the only effect it had was to lengthen the crisis, just as it did in the Great Depression. Japan is still in an economic funk. What’s doubly ironic is that Japan tried the government-based stimulation approach and it didn’t work. In fact, the only effect it had was to lengthen the crisis, just as it did in the Great Depression.

]]> By: tigger19z http://blog.siekierski.com/wordpress/?p=1006&cpage=1#comment-131 tigger19z Tue, 10 Feb 2009 16:10:36 +0000 http://blog.siekierski.com/wordpress/?p=1006#comment-131 I also found it interesting that he referenced our situation to what Japan went through in the 90's. And he said that because they did nothing they had no economic growth for 10 years. I grant you that is a long time to have to watch spending, but how did they come out of it? Was the government able to cut down their deficit during that time? If his predecessor left him with $3 trillion debt, how is adding almost another trillion going to help? And I agree - the whole package smells of pork. I also found it interesting that he referenced our situation to what Japan went through in the 90’s. And he said that because they did nothing they had no economic growth for 10 years. I grant you that is a long time to have to watch spending, but how did they come out of it? Was the government able to cut down their deficit during that time?

If his predecessor left him with $3 trillion debt, how is adding almost another trillion going to help?

And I agree – the whole package smells of pork.

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