Economic Stimulus Plans

Both Clinton and Obama unveiled economic plans (here and here) in the last week. It seems a little bit ridiculous, but I guess that is what election-year politics are all about. Too much cheap money sloshing around the world is why we are in this situation now. Providing fiscal stimulus is likely to make the situation worse and prolong the pain.

Paul Krugman writes that the stimulus plans are a good gauge of what the different candidates would do. He points out that Hillary is much more to the left of Obama when it comes to the economy. I’m pretty sure that is a good thing, and not a bad thing. If we are going to start stimulating the economy, I’d much rather do it Obama’s way than Hillary’s way.