Discussion in 'Economy' started by Toro, Jul 11, 2009.
WSJ.com Economic Forecasting Survey Shows Stimulus Opposition - WSJ.com
There is no question but that eventually the stimulus will boost GDP and ease unemployment, but as its critics stated while Obama was preaching to us about how it would prevent the catastrophe of 8% unemployment, it will not happen in time to help end the recession, and as the Japanese learned the gains in GDP and employment created by stimulus spending will disappear as soon as the stimulus money runs out.
If instead of the stimulus boondoggle, the administration had made that $787 billion available to credit worthy consumers and businesses, it would have had an immediate and dramatic effect on the private sector economy and instead of government handouts that run up the debt, people would have been able to keep their jobs and these jobs would have generated tax revenues so that states could pay their bills, and all of this at no expense to taxpayers.
You want to ease the recession, quit trying to pass massive new taxes, sweeping new regulations, and fascistic takeovers of businesses.
I don't know of too many businessmen who want to invest in increased production, if a substantial portion of it is going to be taken away in the end.
It's going to be really hard to get people on board with fiscal conservatism, because of the way it was portrayed via the Bush administration.
That's about as far back as most people are willing to remember, and we all know how his version of fiscal conservatism worked out.
All according to plan, in my opinion.
i read an article i cant remember where but they were talking about the administration taking what money was left of tarp and doing that.
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