We Need More Stimulus and More Government Borrowing, Shiller Says

another Yale skull and bones suggesting the tax payers pay more

How many ways ... can one person be so wrong ... about so much ? You can sure tell Shiller is an academic ... not a single ounce of common sense.

Capitalism is competition.No competition and we have socialism.Money should be earn, not made.Bancrutcy is capitalism,bailout is socialism.It's not important how you call sistem,important how you act.

good thing we got off the gold standard in the great depression so the fed could take counter-cyclical measures... otherwise we might currently be in an economic crisis.

This is another example of " Those who can, do. Those who can't, teach."

YAY devalue our currency this is what they want anyway. Get ready for another banana republic,

this guy is a loser somebody throw a pie in his face .......pie him!!!

don't have to be smart to be a professor,, need any more proof?

Impeach Obama.. Obamunism will take all of us down.

Golly, the Senators admitted they did not read the 1,100 page document and voted blind on it nd everyone is surprised? They prove over and over again that they do not do any risk management analyses on any of their legislation because they never understand the consequences of their actions until it is too late. They prove by the limited success of the stimulus that there was no plan involved and it was all "hope". Again, these politicians prove their incompetence at the expense of the middleclass and you heroes want to give them a ?passing grade"? There should be impeachment proceedings starting today to start the indictment process so these politicians can share a cell with Madoff and Stanford.

To quote Will Rogers "We got the best politicans money can buy". Obama is the hero to the world. How did America get this far without him?

Who gets the stimulus? The too big to fail banks? Goldman Sachs? AIG? Spend your way out of debt. lol

We need more government like we need a hole in our head.

Stop these nut-cakes before it is too late. There should have been some small success even if the stimulus amount was not enough. We have seen nothing but failure. The Obama economic policies have been and will be a disaster for everyone in the country except, of course, the high level politicians who will continue to be re-elected time after time.

The Obama/Bush/Pelosi stimulus plan is failing like most objective analysts predicted. The democrats know nothing about economics. The democrats only know politics and how to exploit ignorant people.

yo, a pile of garbage out of shillers mouth. if those are the top people educating the young to lead the future.......all hope is lost. bye bye

Tax rate *cuts*, along with immediate reductions in payroll withholding, would have injected funds into the consumer sector with essentially no delay, never mind two years. More money in people's paychecks would have allowed them to reduce debt and increase discretionary spending, both of which are necessary for any economic recovery to be sustained. But, the government is not going to do that. They're going to *increase* taxes and public indebtedness and give trillions of dollars to the insolvent dinosaurs that crashed the financial system. This will just cause another crash. Get ready...

SHILL-er. Kenseyians are going down!

Shiller is right! It has been proven over and over. If the people wont' borrow, the government must. Our monetary system is a debt model which requires new interest be produced to pay the interest on the old debt. The RE bubble began back in 2005 and that is why M3 was removed as a GDP forecast tool. Nobody would have believed just how much liquidity was being forced into free money markets. So, if you want to change bailouts and current economic stimulus, you must first change how money is created. We have computers today and no longer require a central banking system. The fFRC now determines who is to big to fail, not FDIC. Let them fail, you will see many regional banks stepping up to fill the void. Sell the assets and let the bond holders experience what many in the private sector are today; We still have the commercial market fall-out ahead. Like we have been saying since 2007, quarter 1, we are in recession, unemployment will peak at 11.5 with true unemployment approaching 20%, median house value to $157,200 and GDP to show modest improvement as a service based economy will lag manufacturing regions. We are still at risk to experience a period of stagflation and we all must remember that this will take at least 10 years to fully digest and cycle out the excess from this current bubble. God Bless America

I agree with a number of items in the written statement above, especially about the economic crisis NOT being over. And President Bush's 2008 tax rebate being too small? How about too stupid? I guess he never heard the saying, "Give a man a fish, he eats for a day. Teach a man to fish, he eats for a lifetime." Bush's tax rebate was simply throwing a 'fish' to the citizens to appease us all for a day, then it was back to the same with no more 'fish'. Although Obama's plan is flawed in thinking most people are eager to work, at least there is a long-term plan in place, in that those who actually are eager to work, will be able to work that same type of job for years to come. But to simply say 'we need more stimulus' and NOT say what kind of stimulus? Sounds like uneducated NONSENSE!