The Stimulus Plan We Need Now by Martin Feldstein

Washington Post,Oct.30, 2008 on page A23.

Prof. Feldstein of Harvard is an advisor to the McCain campaign. He wrote: "The only way to prevent a deepening recession will be a temporary program of increased government spending to stimulate economic recovery for infrastructure such as bridges and roads to contribute to long-term productivity." I shall vote for Obama and I am convinced that Obama would stress education and training of skilled labor to supply the demand of a changing society for enhancing productivity either in the short run or in the long run. Such is the sequel of the prior blogs for economic recovery. Three Georgetown professor published their views with the same rationale in the Outlook Section of the Washington Post,Oct.19, 2008. The economy is facing severe challenges in the G sector of the Aggregate Demand such as the wars in Iraq and Afghanistan. It is to be noted that AG= C+I+G+(X-M) Consumption sector with 2/3rd of GDP may be boosted but folks are not spending. Investment sector appears to wait for the right direction during the financial crisis. Net Exports would be unclear at this point. I have reason to believe that after the election on Nov.4th, the new president would provide such directions. That remains to be seen during the course of time.
Francis Shieh, a long-term student of economics sending this blog for the readers.

October 30, 2008 at 12.36 p.m.