Stimulus Bill Supported by Economists

Discussion in 'Congress' started by rayboyusmc, Feb 10, 2009.

  1. rayboyusmc
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    rayboyusmc Senior Member

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    They aren't the CATO Institute, but they are economists. Maybe they never read about the Trojan Donkey.:eusa_whistle:

    Tax cuts alone will not work. They haven't for the last 8 years. If you continue to do what you've always done, you only get what you've already got.







    CEPR - Economists' Letter to Congress in Support of a New Economic Stimulus Package
     
  2. dilloduck
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    dilloduck Diamond Member

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    If this is the best they can come up with then I recommend they just send us all a check.
     
  3. rayboyusmc
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    rayboyusmc Senior Member

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    It's more than the right has come up with.
     
  4. del
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    del BANNED

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    oh, well then, why didn't you say so?
    that's an excellent reason to piss away almost a trillion dollars.
     
  5. rayboyusmc
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    rayboyusmc Senior Member

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    So you are saying all these economists are wrong and you are right?

    My comment about the right comes from all the repub polls on TV saying that we have to have more tax cuts when we see today they didn't work.
     
  6. del
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    del BANNED

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    they don't work unless you simultaneously reduce spending.
    that means at the same time.
    i used the smallest words i could to help you understand.
    you're welcome.
     
  7. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Cut taxes and cut government spending. The private sector is where wealth is created.

    You could listen to 387 Keynesians, but Keynesian economics is what got us into this mess in the first place. We're certainly not in this recession for a lack of government spending.
     
  8. oreo
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    oreo Gold Member Supporting Member

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    What got us into trouble was not 8 years of tax cuts--but big out of control government spending. Add to that the government working their sticky fingers into Freddie/Fannie, specifically in 1999--pressuring banks into lending to people who were buying homes they could have never afforded in a fixed rate mortgage. It wasn't that there was no government regulation, there was. The government basically lowered the standards for loaning out money.

    All roads in this economic disaster lead right back to Fannie/Freddie. Fannie/Freddie is GROUND ZERO! Therefore, it is our government fault that we're where we're at today. The irony--the same people that got us into this mess are the ones claiming they can get us out.

    As many economists who agree with this new stimulus bill -- there are just as many that disagree. In fact, over the 750 billion banking bail-out--over 400 economists, professors in economics, private economists, etc. The best in the nation wrote our congress & told them whatever you do do not do this. Well, they did anyway, because it was an election year.

    And look where it has taken us. Unemployment a slow drip beginning last year has now gone to faucet open full troddle.
     
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    Last edited: Feb 10, 2009
  9. jreeves
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    jreeves Senior Member

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    From the non-partisan CBO economists....

    Washington Times - CBO: Obama stimulus harmful over long haul
    President Obama's economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday.

    CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing.
     
  10. rayboyusmc
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    rayboyusmc Senior Member

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    Thank you. You're so kind.

    When the recovery bill has succeeded in starting US back on a recovery, I will be a sarcastic smartass like you and use smal wrds also.:ahole-1: But I am glad thay you know more than the 300 plus economists.:eusa_whistle:

    Hate to hurt your feelings, but the right doesn't have all the answers either, they just think they do.
     

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