Krugman, Gingrich Agree: ‘There Will Be a Second Stimulus’

Not hard to predict if you look at the number of unemployed people. Every unemployed person is not producing any product or service – that’s real wealth being destroyed more surely than throwing a trillion bits of green paper into a furnace.
Heck, the depression was ended by putting people to work making hundreds of thousands of very intricate, labor and resource intensive tanks, bombs, planes, ships, etc and then literally blowing them up… Get people back to work and then (the tricky part) get out of the way when the private sector is ready to get back up to speed.

George,
it’s time for some new faces for your
round table. We need 21st. century
thinkers. Gewt??
Bright new thinkers George.

Newt is an old man with lots of outdated ideas for the next new ponzi scheme; that will keep their folks just the way they found them… dumb, poor and mad! It’s so sad, these souls listen to these very rich con artists/entertainers/politicians/talking heads like Newt who are the 2012 Madoff/Cheney. They make money keeping these poor people, dumb, mad and Poor and they don’t understand.
Case& Point… Newt waving the “Family Values” flag; having the nerve to talk about adultery, to pass judgment on Bill Clinton all the time bedding down with his assistant… What a hypocrite! What a Con Man! What a Ponzi!
OH YEA NEWT! You ask, “Who cares?” ANSWER: WE THE PEOPLE care about President Barack Obama Family’s Dog! Just like we care about WHO has committed Infidelity otherwise know as ADULTERY!

Obviously “Ty” hasn’t done due diligence before he shoots from the lip: Bernie Madoff was a big Democrat donor as well as the creator of the world’s largest Ponzi scheme. This “print it and spend it” agenda the Democrats are indulging in worked just fine back in the early 1920s, during the Wiemar Republic in Germany. The state eventually collapsed, and some guy with a little moustache finally took over. The Germans thought HE was “the one” too.

I propose that the Government, literally, print enough money to give every single taxpayer a MILLION Dollars and direct deposit into all the accounts. OR just raise Taxes to 99.9% and have the Government send us enough money to buy what food is left after the farmers give up, while we live in our tents. Citizens, it IS worse than what’s being reported. The “Media” just doesn’t want a Panic and Riots in the street, and Congressmen and Senators attacked for ROBBING what’s left of our Wealth. FUBAR!!!

People – wake up. The U.S. is no longer a Repub of Dem thing – it’s an American thing – love or hate Obama – we’re seriously headed in a scarey, out of control spending, socialist direction….you young people just don’t understand the ramifications of this government’s out of control spending yet. Everyone’s still too busy being impressed – get over the Republican mistakes already. Sit back, take a listen to the Democrats. Does Pelosi, Franken, Geitner, Reid, even Kennedy – do they sound like literate, in-touch people to you? They’re all about themselves, and giving HELP to anyone and everyone on your taxpayer dollar (welfare, unemployment, citizenship, etc.) – legal or not.
America, the “in with the new and out with the old” was so 5 mins ago. Get in touch with your politics, like truly in touch. Do some research, do some serious listening and paying attention. You’ll see we’re headed for bigger troubles than what you think we’re getting out of right now.

ITS SOOOOOOOO SCARY!!! CHICKEN LITTLE ,THE SKY IS FALLING!!!
You fear mongering retards get a grip. Your days of crying “WOLF WOLF ,LOOK OVER HERE!” are over , and you and your party at large are being pretty much ignored ,can’t you tell?
(btw , have any of you gloom and doomers checked the stock market lately??)
YOU are the only ones scared ,and you should be ,all 23% of you. Your obstructionistic agenda will come back to bite you when the economy DOES recover and everyone see that the republican party had ZILCHO to do with it ,other than get in the way and dragg their egocentric feet. You will be more redundant and insignificant then than you are now , I am looking forward to happening and the republican party just going “POOF” and disappearing like a bad smell…unwanted and unneeded.
And get ready for lots of liberals laws and even more importantly ,supreme court justices who are way more left leaning than anything in the last 100 years ,if ever.
If you don’t like that idea, and lots of others that will be coming down the liberal pike, you have 3 choices.
1) Elect your party’s best and brightest (haw) ,if you can .
2) Whine ,cry and choke down crow on a daily basis ,obstruct and naysay at every opportunity ( i.e. the carpe diem status quo for the republicans since democrats took over )
3) Move
Personally I like idea #3 best.
YOU ARE THE MINORITY , AND A REALLY OBNOXIOUS ONE AT THAT .
Just shut up and/or leave if you and your party can’t contribute something useful to the greater majority of americans ,which I have not yet seen from ANY republicans since Mr. Obama took office , and long before as well.

“Just shut up and/or leave if you and your party can’t contribute something useful to the greater majority of americans ,which I have not yet seen from ANY republicans since Mr. Obama took office , and long before as well.”
… and there we have it, folks – “The Party of Hope, Unity and Change!”
(and Bullies)
Get over yourself – you sound like a ranting fool.

You need to get over yourself darling , your party is insignificant ,like you and your opinions .
Relax and go drink some Mountain Dew and watch Nascar or Fox Propaganda Network ,we adults are in charge now ,and from the looks of things ,we will be in charge for a loooooooong time.
Also ,we will probably be MORE in charge as time goes by dimwit useless republicans currently in office are replaced by more qualified and mainstream america friendly democrats. To wit:
Have you checked the public approval rating for republicans lately? Go look and admire them , then move (quickly) to somewhere you can stand , this new liberal america will be one you (and most republicans) are NOT going to like ,I can promise you that.

Sue I am so tired of the same GOP taking points redistribution of wealth and socialism: News flash George Bush must be a socialist because he started the bailout before Obama got in office. I agree with people working hard. I work 60 to 70 hours a week. What do you do when the plant you have worked for 30 years closes down and unemployment is at a record high? Sometimes people can’t find a job. Why is it so bad when individual go to the government for help but when wall street go it OK. I thank God I am not on welfare and you should too, instead of complaining we need to pray because we are in an economic crisis none like we have ever seen. And it is both parties fault.

Mr. Obama has done his best to get the Republicans on his side ,even doing a few things that have made his more liberal constituents question his motives.
That is called “reaching across the aisle” and the Republicans have not only overtly rebuffed his attempts numerous times , but have obstructed and criticized ,with vitriolic and partisan fervor , his every move since he took office ,even up to his family dog and his children’s swingset…like those are things that matter. I guess those kinds of things are all the republicans CAN talk about ; anything more serious and most people just shake their heads and walk away because republicans and their party have become a joke to most of america , a bad joke that this nation cannot afford anymore
They do not deserve to be treated with kid gloves if they continue to obstruct without viable alternatives and if they will not contribute in a useful fashion to the governance of this nation , I see no need for them in government whatsoever .
Make them do what the country needs Mr. Obama ,that is exactly why we elected you and the rest of the democrats !!!
NO MORE REPUBLICAN AGENDA!!

“You need to get over yourself “darling , your party is insignificant ,like you and your opinions.”
Still on that soapbox, huh???
If I were you, I would get off of it, it’s kinda flimsy. :D

My “soapbox” is THE bully pulpit ,and will be for at least 8 years ,probably more when Hillary takes over…
Mr. Obama speaks for me ,and I like what he says ,and agree with almost everything he has done and proposed so far anyway.
We voted you Republicans out ,remember?
That’s why WE get to nominate and approve supreme court justices now.
:o

fortress usa – hmmmm, sounds like your brain is in a fortress.
Have you tried having it released?
BTW, genius – who said I was Republican???
ROFLMBO!

I humbly disagree – there won’t be a formal ‘second stimulus’. Exactly for the reason they state – unemployment. The agenda of the administration is too great and with decreasing tax revenues, it will be untenable.
Notice that I said “formal” up there as there may still be TARP money spent to prop up some banks. However, as the economy recovers, watch and see – I bet the government lets another big bank fail.

fortress usa -
:D – Who died and left you in charge?
I personally think you lied about that poor mule. That mule actually got p’oed at you and kicked you in the head, thereby causing you to develop “brain in the fortress” syndrome.
Please see about getting it freed. A mind is a terrible thing to waste.
Oops, that’s right, you don’t have one.
My condolences.
(SNICKER…)

Untill real jobs are created and the realestate problem is resolved, no amount of stimulis will help!!! I need work not a stimulis…..

Why are Obama supporters so angry still? They won the election, and are still angy… I dont get it…..

JHW539: So if we get out of the way after getting everyone back to work, how will they control inflation? The money supply has gone straight up in the last 6 months. What will we do when the remaining mortgages collaspe? There’s a reason they are presently trying to deal with toxic loans. Why should I allow the federal government to take my hard earned money when their is a law currently on the boks that mandates the banks go into receivership. How will 2 trillion dollars of our stolen money effect the economy? I do not accept their fraud any longer! Send the banks into receivership, including, Citi, JP Morgan, BOA, Wells Fargo, and cut congressional spending. Will we want to hang our congressmen….sure. We will know where we stand and trust the system. The system is doomed as long as we can’t trust it. Fire the treasury secretary, Larry Summers, and Bernake (these people will destroy Obama’s presidentcy)….hire Bill Black and give him full reign to hire new people. Search the Bill Moyers, Willam Black interview on google. You’ll get it if you watch this video.

Everyone I know who was unemployed when Obama took office is still unemployed and there are 200-250 applicants for every 1 job opening. What irks me to no end is that Obama and team with their majority control don’t know EXACTLY where the billions and trillions have gone. If you’re a democrat, you can’t defend that fact, and it is a fact out the President’s own mouth. Moreover, you can’t blame the republicans when the current administration is the one doling out the billions with no accounting. That’s something the dems and the dems alone own, and it is going to backfire on them HUGE in November, 2010.

Hey Newt look up the phrase “double-talk” sometime.

I love it when you bring people like Newt on your show, because it shows all viewers that the Republican Party has no new ideas and wants nothing more than to continue the policies that destroyed our economy and gave us two ongoing wars. The more Newt and his kind talk, the lower their numbers drop in the polls….and why is Newt so hateful of the President getting a dog for his young family. Could it be because he didn’t dump his dying wife for someone he was having a fling with? Hmmmmm….so much for Newt being a pillar of morality.

Krugman should be in the White House instead of Summers. Summers and Geithner are just more of the same old Paulson- all Wall Street! Unemployment is very scary but so also is the debt this country is taking on- we cannot keep handing over more and more money to the banks- some of these ” too big to fails” needs to go under- yes its painful but get it over with- Even Greenburg who used to run AIG said they should have failed!! No more bailouts!!!!

Gingrich’s ideology is what got us into this mess. His hero Ronnie Raygun embraced jesus and demonized the Government. He removed unions and let the rapacious “free market” have its way with the American economy. They promptly (with the help of a bent-over Press) installed Bush, started a war, stole Trillions of dollars and destroyed the World economy. Now, tell me again why anyone would listen to a word Newt says??

Yeah!! Tea Party! It’s a good Easter. I got two Democrats who voted for Obama to join us on our bus! Fiscal restraint and liberty unites us. See you at the State Capitol!!

I fear that we just do not get it. Greed and overspending has gotten us into trouble. We do not want new taxes but we pay for everything on borrowed money…..wait is that more printing presses getting lined up…geez o petes lets cut some spending and these so called legacy entitlement programs. If these programs aren’t socialism? What is?

China’s statements 2 weeks ago hit the nail on the head. We can’t devalue to resolve our liquidity crisis because we are dedicated to having the dollar be the leading global currency. The problem is that over 3 decades of supporting the dollar as the #1 global currency has inevitably led to this deep broad debt, this liquidity crisis, at home in the US. This crisis is now senselessly destroying our productive economy. Perhaps the world should look at some other form of global currency so that we can be free to create sufficient liquidity in the US. It was a rare good suggestion from China, and I am concerned that our leaders are not looking at it simply out of pride just because it wasn’t their idea.

Keynesian economics is fantasy. The rest of us know that you cannot print wealth and government cannot create jobs or “stimulate” anything. Government is the OPPOSITE of stumulus. It is a systemic disease like cancer and drains it’s host of all freedom and life. Government had one Constitutional duty and that was to protect liberty, they are failing miserably. They have infected nearly every industry at this point. Thank god they have not touched the beauty industry yet or we would havea $500 deductible and pay $2000 for a haircut. Wake up people, it’s time to take a real stand.

The American People are buried in debt. Reality bites. But, it’s time to get real. The American debt addiction has got to unwind before we can move forward.

Support the Democrat fantasy dream list of programs, benefits and entitlements. Support higher taxes. Double the property taxes. YEA!!! Triple the sales tax!!! YEA!!! Quadruple the state tax!! yeahoo!! Double the Earned Income Credit-(Welfare via tax code). Pay for the worlds residents to come here and live, eat, go to college use hospitals on our tax dollars. YIPPEEE! More taxes, more taxes more taxes. That’s all we want is more and higher taxes. Bigger and better programs and entitlements. Just do it.

Is it possible that Stimulus Package #1 funds are being used to artificially prop up the DJIA? The indices, unemployment and such don’t justify its numbers…what am i missing?

I personally love to hear that Republicans are getting angrier by the day ,and I hope the trend continues ad infinitum…
And don’t try that “It’s just as much the Democrats fault as the Republicans b/s, because WE ALL KNOW BETTER.
Take a quick gander at the public approval polls and you’ll see who America has learned to mistrust, and for darn good reason!
LIARS LIARS PANTS ON FIRE!!! = REPUBLICANS!!
Reduced to “tea parties” as well …as Martha would say …THAT’S A GOOD THING!!!

Btw, just so you Republicans know, the public approval poll numbers for Republicans in the House/Senate are the lowest since they started keeping records.
Feel free to google it up if you don’t believe me.
Keep it up Republicans , you are doing perfectly!!

Oh yeah KELLYBELLE, “calm and in control” just like Pelosi who could be heard THROUGH HER CHAMBER DOOR screaming at her OWN constituents. Yeah, THAT kind of calm???

For men with prestigious backgrounds, Gingrich and Krugman don’t seem that well informed. Why make a statement that a further stimulus will be needed because after the last recession, unemployment continued to rise for another 18 months? We pulled out of it without a stimulus. Now that the economy is showing real signs of recovery, it’s time to activate Obama’s plans to build a modern infrastructure, and develop alternative energy sources. That will create jobs and consumer spending.

LMAO – if you look above Jane’s post, you will find a blogger who had a mule name Ol’ Republican.
Mistreated the poor thing, too…

I don’t care if you’re republican or democrat or something else. We can not afford Nationalized Health Care, we can not afford the Social Securtity System presently in place and covering non citizens, we can not keep expanding government, and, we need to pull back and quit spending so much. Government is not a social service agency. Governmnet is to provide law and protect it’s citizens, but, who will protect us from the govenrmnet? Who will protect us from ourselves and not scrutinizing political positions and listening to commercial marketing of a candidate or party rather than rational common sense? A coordinated nonpartisan contract with America to elect common sense people with like values regardless of party affiliation may be a good thing while we the people still have a choice.

I share a name with the Obama’s dog…how cute…not how about how RACIST. A African American president is making fun of caucasians….as usual Racism from our new president. Couldn’t thik of a name….how about Spot, Spike, Fido, disrespectful to use a human’s name….I am disgusted….BHO should pay for my name change. I hope the Obama’s dog gives them special presents every time he see carpet in the WH.

Of course we need to hurry up and spend more money now before the economy shows too many signs of recovery on it’s own . 95% of the current stimulus plan has not even been spent yet. They need to pour more money into their socialist agenda before their excuse to do so fails to exist.

It is just like you liberals/fascists to bring sticks and vegetables to a gun fight.

Ohhhhh OK…… Dahhhh?
Who did not think this was going to happen? This is such a tiny itsy bitsy piece of a realy giant ice berg…we are about to see….it’s head spinning.
The vast majority of americans are kind, honorable, loving and respectful people…unfortuneately…somewhere along the line….these charateristics have been allowed to be exploited and manipulated… Hummm…wonder where that’s coming from….?
anybody remember a tape and or a statement from that duche bag Bin Laden?
he said something about bleeding us dry..?. well do the math…and a picture will come in to view…
So many conncetions from the dots…it’s mind boggling.
Let’s see….. doing research… going back a few years and looking who was in and out of the United States, and who was having communications with who and who was doing what….
Modern Progressivism; AKA fashism is on the loose in America. Yikes!
it sounds good”, It feels good after your hear it spewed”,,,but baby…it’s a storm like none other. We are not in the sweet, innocent days of Kansas anymore.
We are a free, good, loving and a nation founded and created on our belief in GOD, freedom and family…and look at how far we have deveatied from the truth and our priniciples.

my husband worked in constuction in florida, as did most everyone i know. thet are all out of work. we were lucky he got a job in the medical transport field. most others i know have’nt been so lucky. there are NO jobs in constuction here. people are losing everything! they want jobs, not handouts. florida is in deep trouble. too many illegals, no jobs. unemployment running out. thousands of empty homes. no one can afford to buy. give obama a chance. bush got us into this mess over 8 yrs. he can’t solve it in 3 mos. especially with the gop fighting tooth and nail against everything he tries. where were these “fiscally responsibles” when bush was running us into the ground, spend, spend, spend! get rid of the illegals, create jobs, stop bailing out the banks. by the way, i am a registered rep.who voted for obama, hoping for change. mccain and palin scared me too much to vote for them.

Oh my….stupidity abounds on this thread.
It is unfortunate that not a lot of you know your history because if you did – you might think differently.
you can not tax and spend your way out of a recession. That has been proven over and over again in history.
Read up before you put your malicious name calling and bogus facts believed to be true. The polls are a joke, please.
The problem is you can’t think for yourselves – you allow the government and the media to do it for you. It is unfortunate as this is why we are where we are in this day and age.

The problem is you can’t think for yourselves – you allow the government and the media to do it for you. It is unfortunate as this is why we are where we are in this day and age.
————————————–
You are sorely and totally mistaken. That is the VERY problem i.e. a nation chock full of badly undereducated over-opinionated gun adoring IDIOTS who each think their egocentric viewpoint is the ne plus ultra of the whole universe .
Luckily for the rest of us , Republican nutjobs only constitute somewhat less than 25% or so of the voting population so we sane adults (that is liberals) can easily legislate enough laws to keep Republican whackos in line and also build enough jails to hold the terrorist wanna-be Repubicans as well ,when needed.
You should probably just move to Haiti disgruntled Republicans (low taxes I hear…) , because this is a new liberal country , you really really will not like it ,and it isn’t going to be the way you want , or close to it ever again. JUST GET USED TO IT!!!
Enjoy your “tea parties” …totally appropriate for such a bunch of sillies!! lol!!

I for one did not vote for Obama. But I do want him to suceed as he is our Country’s president. I’d like to see him get people back to work, the economy back on track & our standing of respect back as a leading democratic country in the World.
I’m still suspicious he may have a furter agenda that could lead our Nation away from Christianty. But only time will tell.
The Republicans DO Need a platform to bring fairness back to the working people, & instill some sort of order to runaway greed that brought our Country down. Untill the RNC can find a True Statesman , that can Put God, Country & People FIRST, BEFOR Personal wealth & gain, they most likely will be evaporating from the political arena.

The long run problems of the massive debt are serious. Dr Gingrich mentions Italy and its big public debt. It very well might be worse in the U.S. The Italians have had a good private savings rate. The U.S. will have both massive public and private debt. If one believes that some combination of universal health care, subsidies for massive subsidies for alternative energy programs are desirable, an honest approach is to increase taxes to pay for them. The merit of massive deficits in the short run to combat and soften the impact of recession can, perhaps, be defended. Massive long-run deficits cannot.

Try putting into words why higher taxes and spending more money (we don’t have) will help our economy? Also try putting into words how taxing the private sector into oblivian is going to help create jobs? (you know the very people that drive this economy) Then maybe you can make an intelligent argument as to what the government function is regarding the Constitution?
Try doing all of that without name calling and being derogatory. Then maybe just maybe someone will listen to your banter.
————————————
Been there ,done that. Intelligent thoughtful gentile discussion/debate just won’t work on people with brains infected by the Fox propaganda virus ,which apparently eats good brain cells and leaves a vacuum in their place .
The problem is , Republicans can’t accept facts ,unless those “facts” come from Fox news , or Rush’s racist mouth.
Name calling is all you Republican pigs deserve . Enjoy your insignificance and munch on some more democratically force-fed crow while the sane adults all ignore you rabid Republicans , if possible and if that is not possible we will demean and ridicule your lie filled sophomoric attempts to derail ,obstruct and obfuscate this good man and his voter mandated attempts to fix THE MULTITUDINOUS REPUBLICAN SCREW UPS THAT OCCURRED WHILE AMERICA TRUSTED THE REPUBLICANS TO DO WHATS RIGHT .
LEADERSHIP? HAHAAHAH!! WHAT A JOKE!!!
REPUBLICANS CAN’T LEAD AND NEVER HAVE!!
THEY LIE!!! LIE LIE LIE!!! WORSE ,THEY CLAIM TO BE THE “MORAL MAJORITY” WHAT A JOKE THAT IS!!!
THEN THEY LIE…EVEN WORSE!!!
NO MORE!!NO MORE REPUBLICAN LIARS!!
DEMOCRATS MAY OR MAY NOT DO AS BADLY ,BUT IT IS 110% OBVIOUS WHAT YOU GET WHEN YOU ELECT A REPUBLICAN!! YES ,YOU GUESS IT …A BIG POTFUL OF LIES AND SMOKE/MIRRORS DESIGNED TO PLACATE THE IGNORANT BILLY BOB AND JOE THE RETARD PLUMBER WHILE THE CONNIVING REPUBLICANS STEAL THE COUNTRY BLIND AND RUN IT TO RUIN!!!
NO MORE REPUBLICANS!! NO MORE REPUBLICANS!! NO MORE REPUBLICANS!!
NEVER NEVER EVER EVER!!!!!!
NO NO NO NO NO !!!!!

Please no more pork and special programs in the next round. We have between 1 and 2 trillion worth of work on bridges and roads that have been ignored by the last several rotations of president and congress. Start rebuilding those.

Another stimulus package?
I never saw the first one.
I think the people that deserved the packages did not see a dime as they live on fixed incomes like myself and we have to buy our own glasses,teeth and hearing aides.
I just don’t think the government cares about the poor people in this country.
I don’t think they want us to eat anything,see anything and hear anything.
We need the stimulus pax
ckages more Obama not he people that get it.Let them try to live on $775.00 a month and try to buy the necessities and then we would get the most deserved package.