You need accelerated deficit spending because you do not want a total collapse. If we had a recession along with more tax cuts, spending freezes that makes the situation worse.

I understand that. I do wonder about a stimulus bill that puts most of the money out a year to a year and a half lather though. Anyway, that aside, the stimulus was made to prop up the economy - fine. The problem comes in when you continue to add billions to the debt on top of the stimulus.

Stock markets reaching record highs under Bush are irrelevant because the stock market lower than when got Obama there, even with the pro-business Washington Consensus economic policy. 

So? I was responding to your point about the Bush policies being to blame for the recession. It would seem that there were years of a strong economy after his tax cuts were put into place that would conflict with your assessment.

Tax cuts don’t solve everything, the top 2% hoarding everything hurts the economy. I’d rather have 9% unemployment than 18-20% what it could have been.

Agreed; tax cuts don’t solve everything. I never said they do. Neither does spending. People hoard money because of economic uncertainty. With conversations going on about cap and trade and VAT, people are uncertain about what the economic picture will be in coming years. Hoarding money is a protective strategy.

I said unpaid deficit spending, like the Bush Tax Cuts, Medicare Part D, Iraq/Afghanistan Wars.

You seem pretty fixed on seeing this as a Bush versus Obama issue and putting me into a box of a diehard Bush supporter - not the case. I’m not a fan of unfunded expenditures either. The current Congress seems okay with them though.

We need deficit spending to get out of this because Wall Street caused it (Washington Consensus) and does not want to participate in the mess they made. That’s why we need to deficit spend to get out of this.

You said Bush tax cuts caused it. This is getting confusing.

The Keynesian economics approach will once again rescue the Washington Consensus. It worked in the 1930’s for the collapse of the 1929 with policies of the 1920’s. This approach will once again work in the 2010’s against the policies from 1980’s to 2008.

The Keynesian approach does not tout the wisdom of continuing to pile on debt. It’s more about priming the pump.

You cannot blame Obama on the collapse when you blame Clinton in the early 2000’s. Of course facts are irrelevant to conservatives see Iraq war
I never blamed Obama for the collapse.