Morning Joes Mika blows it

Discussion in 'Economy' started by Truthmatters, Feb 2, 2009.

  1. Truthmatters
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  2. Truthmatters
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    According to a table Zandi included with his written July 24, 2008, testimony before the House Committee on Small Business, "General Aid to State Governments" would boost real GDP by $1.36 for every dollar spent, while "Extending UI [unemployment insurance] Benefits" and providing a "Temporary Increase in Food Stamps" would increase real GDP by $1.64 and $1.73 per dollar spent, respectfully:



    Additionally, the Center for Budget and Policy Priorities' (CBPP) Iris J. Lav and Nicholas Johnson concluded in a January 29 report that "ecause nearly all states are required to balance their budgets, states have begun to cut expenditures and raise taxes -- both of which create a drag on the economy and threaten to counteract part of the intended federal economic stimulus" and noted that "[t]he House economic recovery package recognizes this fact and includes substantial assistance for states."
     
  3. midcan5
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    midcan5 liberal / progressive

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    Don't you find it curious that people who haven't a clue what will work, know that the stimulus package won't work? I would bet most of them don't know a blessed thing about most things, and yet they can talk BS as if it had real prognostic value. A favorite proverb of mine is, 'teach the tongue to say I don't know.' It should be a rule that all talking heads have it tattooed on their palm.
     

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