Thursday, January 19, 2012

taylor having fun

" Like the one-time rebate of 2001, the temporary tax cut of 2008, the cash-for-clunkers and stimulus payments of 2009, or similar policies tried back in the 1970s, these temporary policies consistently fail to stimulate sustainable recoveries"


note "sustainable recoveries
of course not these are stop gaps   that oughta kick in when investment crashes or other spending slips
like household spending slipped in 09  till  household spending  recovers
the fiscal injections have to continue in a cross taper

here another taylor cute one

the zoom from 20 to 24 has multiple causes
including the taylor backed bush tax cuts

this in fact suggests to taylor what spending cuts ??
god knows where his high line comes from