Keynsian spending

Wrong. What the Erie canal did, was to prove that the private sector cannot be counted on to fund important projects that won't yield a rapid ROI.

In its day, the Erie canal was one of the most important advances with respect to opening up commerce between states.

Wrong? So the other states with massive failures in attempting to build canals didn't pass that legislation?
 
Wrong? So the other states with massive failures in attempting to build canals didn't pass that legislation?
If you posted a link, as opposed to some anecdote about what you 'heard', we could delve into your claims.
 
Let's not forget that before Dubya lied us into war, he turned around the recession he had inherited by the time he sought re-election. Then he squandered it on Iraq.
 
Not much downside? Well not of you consider the Fed dropping rates close to zero to cope and fueling the housing bubble
Housing bubble wasn't the recession on the table. The end of Clinton's tech bubble created a slowing of the economy.

10 months after Bush took office, 9/11 happened, so I have no idea what 'turnaround' was referenced above. Interest rates went from 8% with a 1/2% rise looming, to nearly zero in an effort to get people to 'go shopping'.

But you kids were young, so you might not remember the facts.
 
Housing bubble wasn't the recession on the table. The end of Clinton's tech bubble created a slowing of the economy.

10 months after Bush took office, 9/11 happened, so I have no idea what 'turnaround' was referenced above. Interest rates went from 8% with a 1/2% rise looming, to nearly zero in an effort to get people to 'go shopping'.

But you kids were young, so you might not remember the facts.

Greenspan dropped rates to "help" lesson the dot com bust and 9/11. That led to the housing bubble
 
You have yet to address the OP which is why do we need Keynesian stinulus spending on infrastructure in a supposed good econony

Because it is a bad economy. Not a good economy. A bad one. Democrats make it out like Obama's fixed the economy. He hasn't, and the stimulus is proof.
 
Back
Top