Biden admits Stimulous was a failure

Discussion in 'Politics' started by Xenophon, Jun 15, 2009.

  1. Xenophon
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    Xenophon Gone and forgotten

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  2. WillowTree
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    WillowTree Diamond Member

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    and people still want these yokels to craft and legislate their health care! :lol::lol::lol::cuckoo:
     
  3. RodISHI
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    RodISHI Gold Member

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    Duh, like they did not know this as they frittered away those billions of dollars.
     
  4. WillowTree
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    WillowTree Diamond Member

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    He's leaving out all the thousands and thousands of jobs that will be lost when they get through screwing over the car dealers!
     
  5. Care4all
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    Care4all Warrior Princess Supporting Member

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    i think he was being brutally honest.

    Any other politician(like Obama as example or his press secretary) would have glossed it over with sugar much more so imo....

    care
     
  6. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Apparently Biden hasn't learned anything about economics if he still says the stimulus is going to "save or create" any amount of jobs, because any job "saved or created" by the stimulus package is going to come at the expense of some other job.
     
  7. elvis
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    elvis BANNED Supporting Member

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    Any chance Biden is off the ticket in 2012?
     
  8. Care4all
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    Care4all Warrior Princess Supporting Member

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    How so? The Stimulus money put in to the economy was money borrowed from foreigners, so what exactly did you mean Kevin by it coming at the expense of some other job? I don't understand?

    Care
     
  9. Valerie
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    Valerie Gold Member

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    Probably not?

    For Obama it was a smart choice to hedge against the threats on his life.
     
  10. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Well borrowing represents future taxation, and since there is interest on money borrowed it's actually going to cost more for the taxpayers when it is finally taxed. So any money taken out of the private sector through taxation means that the private sector has less money to spend. This means that you're able to see where the stimulus money is going, in public works projects and whatever other nonsense was in the stimulus. But you don't see where the money would have gone had it not been taxed away from the private sector by the government. This means that there is a group that is hurt by the stimulus as large, and probably larger in the end, than the group that benefits from the stimulus package.
     

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