A bigger stimulus would not have helped

Discussion in 'Politics' started by Antiderivative, Jul 13, 2011.

  1. Antiderivative
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    Antiderivative BANNED

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    Professor John Taylor argues that the stimulus had little to no affect and increasing the size would have had no effect.

    Economics One: No, A Bigger Stimulus Would Not Have Worked Either

    Economics One: How to Resolve the Stimulus Debate: Use Data Not the Same Models Over Again
     
    Last edited: Jul 13, 2011
  2. uscitizen
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    uscitizen Senior Member

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    We are in a much different situation now the old economic rules no longer apply in many cases.
     
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  3. Charles_Main
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    Charles_Main AR15 Owner

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    The Net from the Stimulus was not a help anyways. We might have gained a short term Blip in GDP, but it had little to no effect on Jobs, and was extremely inefficient with the ones it did "create". In the end all it did was make our Long term Debt Issues worse.

    Spending more in that way would have just been more long term Debt issues, and very little short term Benefit.

    Of Course I was just a racist asshole when I was saying this before the damn bill passed. Why else oppose the great Obama's attempts to fix things. Must be a racist huh.

    No How about unlike MR Obama I am able to look beyond NOV 2012 when rendering judgement on the things they pass.
     
  4. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Agreed, today's circumstances are unique from those in the past, I would say that strategies that worked before may not work now. A bigger stimulus may not work even if it's 2 or 3 trillion, we might end up with a temporary burst but the debt would be much higher. For sure we'd be paying higher interest rates on our debt cuz the ratings agenices would downgrade us. Bad gamble if you ask me.
     
  5. uscitizen
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    uscitizen Senior Member

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    Yep pumping more money into the economy is not the answer.
    We need to make real decisions that will actually build back America.
    Stimulus money is just sucked up by corporate interests with no long lasting results for the betterment of America.

    Now this is not to say that we do not need to spend more to help people thru these trying times, but it needs to be well spent not just spent and rated on volume not quality.
     
  6. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    We just need to monetize more debt... yep, that's the ticket.
     
  7. uscitizen
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    uscitizen Senior Member

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    We need to send more jobs to China.

    All we need to do here is invest in the market and not actually produce any viable product at all.
     
  8. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    I need more pizza.
     

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