Considering the graph below comparing the percent of GDP spent for economic stimulus during The Great Depression (1940s) and today (from the Tax Policy Center), Ezra Klein concludes:

We’re spending a lot right now, but this is hardly the most aggressive fiscal experiment in history.

federalspendingovertime

Contrast that summation with this ad from the American Issues Project:

This is what sociologists call a framing war.  Is the economic stimulus big or small?  You can make arguments either way, and people will.  The question is: Which frame will resonate more with (which members of) the American public?  We’ll have to wait and see.

(Via Alas A Blog.)

Related Posts Plugin for WordPress, Blogger...