Excellent conversation now ongoing on UP

[Samantha]

Elliot Spitzer, Gerald Nadler are firing on all cylinders. Coincidentally, they have brought up many of the things we said in this thread: http://www.democraticunderground.com/10022655717

Airing now on MSNBC. Watch if you can.

Sam

[Armstead]

1. yup kick

[Samantha]

2. Made just a few notes -- couldn't get it all and still listen -- simply excellent conversation

They have been joined by Mark Blyth -- the author of Austerity. He points out that Europe adopted austerity and look where it has gotten them. Nowhere. There is now no real fiscal system in Europe to pull them out of the problem. Liquidity will only take you so far.

Other points made: If anyone says I want to take more money out of your pocket, that is a losing proposition.
People are demanding increases of the wealthy because THEY are not paying their fair share.

Nadler: Most people believe economic growth will go down if you don't rein in deficit. WRONG. The time to worry about the deficit is when the economy is booming. Pay it down then. During a recession, don't worry about it -- build your economy by spending such as on infrastructure.

If you ask people do you want to increase the deficit to create employment, most will say yes.