tag:blogger.com,1999:blog-7400390336523591685.post3915200594327620190..comments2023-08-24T08:56:06.522-05:00Comments on Rhymes With Clown: Brad DeLong Has QuestionsJeremy R. Shownhttp://www.blogger.com/profile/11303377672028774152noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7400390336523591685.post-60700931932472078982010-06-25T13:49:58.834-05:002010-06-25T13:49:58.834-05:00You'll get no argument from me on this blog po...You'll get no argument from me on this blog post or your post on Foxpolitics.<br /><br />The government can maximize it's bang for the buck by effectively distributing stimulus dollars to the areas of the U.S. economy that could most benefit from these funds immediately and in the future. Many people (myself included) have been rather vocal about the way in which the government has chosen to distribute stimulus dollars. <br /><br /><br />Tax cuts, for example, which made up a huge chunk of stimulus dollars simply don't have the same multiplier that, for example, direct infrastructure spending does. Why not use the money to fund a new-aged CCC program directed towards, say, increasing energy effeciency, building nuke plants, power grid upgrades, etc.? Obviously, this is just one small example, but I think we've lost a real opportunity to use this period of undercapacity, high unemployment and low long-term interest rates to invest in areas that would give us an outstanding ROI as a country. <br /><br />Some would say that government is incapable of this. Nonsense. Roosevelt managed to do a pretty good job of it 70+ years ago. This kind of thing takes leadership. But leadership is something we lack at present.J. Struppnoreply@blogger.com