And I would emphasize that the size of the aggregate demand problem is massive.

WHITEHOUSE: President Obama Meets with Economic Recovery Advisory Board | The White House

But as Jim said, we have an aggregate demand problem in this country.

WHITEHOUSE: President Obama Meets with Economic Recovery Advisory Board | The White House

It is primarily an aggregate demand problem.

WHITEHOUSE: President Obama Meets with Economic Recovery Advisory Board | The White House

The problem is in the creation of commensurate salable aggregate supply.

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The problem in the Keynesian prescription is not a shortage of aggregate demand, but surprisingly a shortage of aggregate supply.

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"The problem is not only that there are inflationary pressures but that aggregate demand is going down, " says Wharton marketing professor Leonard Lodish.

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Unfortunately, the problem with their reasoning and lack of curiosity is not found in the aggregate demand curve, which government can easily spur.

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