{"article":{"id":229428,"heading":"Stimulate or Die by Joseph Stiglitz","author":"Joseph Stiglitz","created":"2009-08-08 21:19:35","modified":"2013-11-11 01:00:48","last_modified":"Mon, 11 Nov 2013 08:00:48","article":"

\"..The Obama administration erred in asking for too small a stimulus, especially after making political compromises that caused it to be less effective than it could have been. It made another mistake in designing a bank bailout that gave too much money with too few restrictions on too favorable terms to those who caused the economic mess in the first place – a policy that has dampened taxpayers’ appetite for more spending.

But that is politics. The economics is clear: the world needs all the advanced industrial countries to commit to another big round of real stimulus spending. This should be one of the central themes of the next G-20 meeting in Pittsburgh.\"

to read Joseph Stiglitz' article from August 2009, click on

http:\/\/www.sfbg.com\/blogs\/bruce\/2009\/08\/stiglitz_stimulate_or_die.html<\/a><\/p>\n","contact":"mbatko@lycos.com","link":"http:\/\/www.therealnews.com","address":"","phone":"","parent_id":0,"mime_type":"text\/plain","summary":"Joseph Stiglitz received the Nobel Prize in Economics in 2001.","numcomment":0,"fileurl":"\/uploads\/","filesize":null,"article_url":"\/news\/2009\/08\/229428.php"},"attachments":[],"comments":[]}