Study of 34 Countries Shows that Stimulus Efforts Failed Everywhere

Discussion in 'Economy' started by Leweman, Aug 24, 2012.

  1. Leweman
    Offline

    Leweman Gold Member

    Joined:
    Aug 5, 2010
    Messages:
    4,009
    Thanks Received:
    489
    Trophy Points:
    130
    Ratings:
    +737
    [​IMG]

    Often as not, the qualification for receiving stimulus funds is the absence of work or income—such as banks and companies that fail, solar energy companies that can't make it on their own, unemployment benefits and the like. Quite simply, government taxing people more who work and then giving more money to people who don't work is a surefire recipe for less work, less output and more unemployment.

    Yet the notion that additional spending is a "stimulus" and less spending is "austerity" is the norm just about everywhere. Without ever thinking where the money comes from, politicians and many economists believe additional government spending adds to aggregate demand. You'd think that single-entry accounting were the God's truth and that, for the government at least, every check written has no offsetting debit.

    Well, the truth is that government spending does come with debits. For every additional government dollar spent there is an additional private dollar taken. All the stimulus to the spending recipients is matched on a dollar-for-dollar basis every minute of every day by a depressant placed on the people who pay for these transfers. Or as a student of the dismal science might say, the total income effects of additional government spending always sum to zero.


    Arthur Laffer: The Real 'Stimulus' Record - WSJ.com
     
  2. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Arthur Laffer


    hahahahahaqhahahahahah
     
  3. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    that is for the year 2008

    why didnt he show the rest of the current obama record?
     
  4. Leweman
    Offline

    Leweman Gold Member

    Joined:
    Aug 5, 2010
    Messages:
    4,009
    Thanks Received:
    489
    Trophy Points:
    130
    Ratings:
    +737
    Real life. hahahaahahahahahaahahahahha
     
  5. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Last edited: Aug 24, 2012
  6. Leweman
    Offline

    Leweman Gold Member

    Joined:
    Aug 5, 2010
    Messages:
    4,009
    Thanks Received:
    489
    Trophy Points:
    130
    Ratings:
    +737
    Beats me. Go find it and post it for all of those countries. I'd be curious to see.
     
  7. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Only 2009 of those years was Obama in office and his first year was under the budget from the presvious admin.


    Its now 2012.

    why didnt he use more years?
     
  8. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    He is a supply side jackass
     
  9. Papageorgio
    Offline

    Papageorgio The Ultimate Winner

    Joined:
    May 18, 2010
    Messages:
    25,639
    Thanks Received:
    3,891
    Trophy Points:
    290
    Location:
    Here
    Ratings:
    +9,506
    So the failure of the stimulus packages in 34 countries hasn't happened?
     
  10. Leweman
    Offline

    Leweman Gold Member

    Joined:
    Aug 5, 2010
    Messages:
    4,009
    Thanks Received:
    489
    Trophy Points:
    130
    Ratings:
    +737
    Its not about obama. Its about stimulus. Regardless of where it comes from. I'm sure only so many years of information is available. If you can find more recent information that disproves this I'd read it.
     

Share This Page