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The markets believe that we are not going to do the big things on medicare and revenue that are going to be necessary for the long run. yeah, it s fine to believe that something terrible could happen, but it s a pure imputation of motives for which there s no evidence to believe that spending on the economy right now is going to make the difference. i was trying to put forward the krugman view, and he said which in some ways he thinks is also the administration view. and he said look, the problem here is what these guys are trying to, do the keynesians, the people who want to spend march money march money is they re trying to reflate the economy and pump it back to where it was in 2005, 2006, 2007, but that was all unsustainable, you re trying to stop these mortgages from being foreclosed but people had bought houses they couldn t pay for, you re trying to somehow get people borrowing again, but they were borrowing too much, why are ....
Now is not going to rescue us if the markets believe that we are not going to do the big things on medicare and revenue that are going to be necessary for the long run. yeah, it s fine to believe that something terrible could happen, but it s a pure imputation of motives for which there s no evidence to believe that spending on the economy right now is going to make the difference. i was trying to put forward the krugman view, and he said which in some ways he thinks is also the administration view. and he said look, the problem here is what these guys are trying to, do the keynesians, the people who want to spend march money is they re trying to reflate the economy and pump it back to where it was in 2005, 2006, 2007, but that was all unsustainable, you re trying to stop these mortgages from being foreclosed but people had bought houses they couldn t pay for, you re trying to somehow get people borrowing again, but they were borrowing too much, why are ....