EconWatch.com > Obama Can Pump Trillions in the Economy, But No One Knows If It ...

[Untitled] In the seventy years since the Depression loosened its grip on America, economists and historians have argued over whether or not Keynes-Hansen deficit spending, or pump-priming, as it was called, succeeded. The jury is still out on that one, but the Keynes-Hansen approach has been dusted off and even the stiffest opponents of deficit spending have abandoned the closely held principles of their professional lifetimes.