U.S. should have a “kitchen-sink strategy” (Krugman/econ)

[katty]

more:
http://www.bloomberg.com/news/2010-07-06/krugman-says-kitchen-sink-strategy-needed-to-stave-off-another-recession.html

Nobel Prize-winning economist Paul Krugman said the U.S. should have a “kitchen-sink strategy” that uses all fiscal and monetary policies possible to prevent the economy from sliding back into a recession.

“We are looking at what could be a very long siege here,” Krugman said in an interview today in Princeton, New Jersey, with Carol Massar of Bloomberg Television’s “Street Smart.” “We really are at a stage where we should have a kitchen-sink strategy. We should be throwing everything we can get at this.”

At a time when European countries such as Germany are calling for austerity measures to rein in budget deficits, Krugman is calling for more stimulus to prevent a repeat in the U.S. of Japan’s decade of economic malaise in the 1990s.

[Demeter]

1. All they have to do is follow FDR's lead

Roosevelt trail-blazed a path through to greater strength by building lives and infrastructure, and jailing and binding the pirates.

[katty]

2. yes, the template is right in front of them

[truedelphi]

3. The long siege on the American people has been carefully planned.

As we can now see, it would come about regardless of which ever of the one Big Money Party candidates would win.

Someone asked yesterday where it is that Obama came from.

Is it just a coincidence that he knew Geithner growing up? That both their parents worked at the Ford Foundation?

Google "Ford Foundation" + Rockefeller.