Interesting economic view

Discussion in 'Economy' started by onecut39, Jul 24, 2012.

  1. onecut39
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    onecut39 VIP Member

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  2. william the wie
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    william the wie Gold Member

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    With increasing marginal returns in computer memory (Moore's law) and capital equipment (Jonas Fisher's law) plus all forms of electronic software, how can stimulus work?
     
  3. iamwhatiseem
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    iamwhatiseem Gold Member

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    While there are high points in the article that are correct - I believe the premise that Obama didn't want an improved economy is absurd. Of course he did.
    I fully trust that Obama believed his own hype. I also trust that he bought the lefts belief that it is all the Republicans fault hook, line and sinker.
    Obama was self-convinced that all he had to do was show up and everything would get better because Bush isn't in office any more. He had $800bn to spend which would restart the economy and he will bask in the glory of himself.
    And he still believes it. Because he does not see the economy as that bad. I do not believe this man sees the high roll-call of welfare recipients as a bad thing. I think he finds it acceptable. That we OWE them something.
    Look at his recent solution to the crushing problems in America's education system - pay higher performing teachers better....:confused:
    No mention of the 100,000's of dead beat teachers and firing them...hell no...the union would have his ass.
    He is a typical liberal. He still believes all you have to do to fix a problem is to remove the evil Republicans, show up and throw money around and things will magically improve.
    Gosh...he was wrong. Go figure.
     
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    Last edited: Jul 24, 2012
  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    We need to fund 1,000 more Solyanda's its the only way

    Also I thought unemployment and food stamps stimulated the economy, isn't that what Pelosi and the Dems keep telling us?
     
  5. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Good point. If the Stimulus, increased gov't spending, more UE benefits and food stamps are supposed to be so good for demand, where's the fucking economic growth?
     
  6. expat_panama
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    expat_panama Silver Member

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    The article actually came up with two points. One is that the left is says Obama messed up by spending $2T on pork back on '09 because it didn't work. Everyone except Obama agrees. The second point is that what he should have done is spent $4T. OK, so the author's got one out of 2 right.

    Something that surprised me is that the left wing writer's saying Obama hates liberals. I suppose it would be too much to ask that the left refuse to support Obama in November.
     
  7. Widdekind
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    Widdekind Member

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    in a "Balance Sheet Recession", money flows into savings, without being (spent or) borrowed back into the economy ("stream of spending"). Keynesian Fiscal Stimulus can be accomplished, by Government, borrowing big for Public (Investment) projects. Fiscal Stimulus could also be accomplished, by concerted private-sector efforts. Eliminating minimum wages would decriminalize millions of low-pay jobs, regenerating thousands of investment opportunities into the businesses that would profitably hire them. Fiscal Stimulus can be accomplished, by the private sector.

    if words which are factually true are perceived as "bad"; then what words are perceived as "good"? Evidently, factual truth cannot compete with "Higher Superior Causes"
     
  8. uscitizen
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    uscitizen Senior Member

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    China, India, etc.
    We are a consumer nation not a manufacturing based one.
     
  9. onecut39
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    onecut39 VIP Member

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    You honestly think Obama is a liberal? He is simply the lesser of evils. Considerably less but no liberal.
     
  10. onecut39
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    onecut39 VIP Member

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    We used to be and could be again. Get rid of the WTO and go back to bi lateral trade agreements that used to serve us so well. Of course we would have to reign in the multinational corporations but the US market is so large no one will turn their back on it. Not China, not Mobile Exxon.;
     

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