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A comment on United States loses AAA credit rating from S&P . Parent comment

Re:United States loses AAA credit rating from S&P by veyron on Friday August 05, 2011 @10:09PM (#2852683)
The real problem is that the republicans are zealots of the church of voodoo economics.

The reality is that demand-side economics has stronger and more intelligent underpinnings (give money to individuals --> they spend --> increase demand --> hiring). Giving more cash to companies doesn't induce hiring; demand for products induces hiring.

[ Parent | on HN ]
Re:United States loses AAA credit rating from S&P by bubbleRefuge on Friday August 05, 2011 @11:31PM (#2852880)
You are absolutely correct here. When people have more money they tend to spend more and sales at corporations increase and thus the invest and hire more employees to meet the increased demand. How do we get more money in hand? Full payroll tax holiday + New deal 2.0.
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Re:United States loses AAA credit rating from S&P by Cushman on Saturday August 06, 2011 @12:29AM (#2853008)
We couldn't even pass New Deal 0.3b today, man. Can dream, though...
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