so much for the crazy idea about a 2nd stimulus

Caught this update from San Francisco Fed on current output gap via Mark Thoma:

It made me think back to during my state house campaign when I noted the stimulus was not large enough and recovery would be way too slow:

Economic Stimulus...

Obama's stimulus package plugged --- hole in GA's buget[sic] mess. I posted recently on the need for more stimulus money--a jobs bill, extending unemployment, or more money to pactch [sic]state budgets... Our economy is still facing a large output gap (Via the San Francisco Fed:) A weak recovery is in the works/happening now. Unemployment is going to be over 10%. A substantial amount of unemployed or underutilized labor and capital is just sitting around. We're going to be watching a lot more small and medium size banks fold... State Budgets are going to be in worse shape next year than they were this year--as increased use of government services, a decline in revenue, and budget cuts further weakened state governments fiscal outlook. More money to the states as well as money directed at those who will spend it (rather than save it)... are going to be needed. I fear that Obama, just like on health care isn't going to take the lead. A lack of political will--created a weak first stimulus mostly directed at tax cuts (which people for the most part save, defeating the whole.. you know... stimulus aspect of it). Getting a move on in regards to round two might help...

Former Chair of the Henry County Republicans chimed in that I was crazy to think we needed a second round of stimulus:

In the post he quotes a report from the San Francisco Fed which shows that yes currently there is a lag in economic activity but each year it shrinks and by 2012 is gone. However the go-go give it to me now politician can only see only to the end of his nose and pays no attention to the end result – a recovery of some sort.

That was 2009 this is 2011. Was going the Republican/Obama w/out backbone route to slow growth better?

Georgia unemployment rate is currently at an all time high. We've had massive problems in the housing sector. Therefore I'd say no it was the wrong call... But Mr. Mobley said it best himself, "There’s so much foolhardiness and lack of common sense in the world these days," and we call them Republican policymakers (and their hack bloggers) for short.

Got to admit though "the Political Scientist aka the tax increase kid" was cute tagline.