Mr.Nick
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- May 10, 2011
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The only Economists against the Stimulus were on the payroll for the GOP. It is Econ 101 that if the economy goes into recession, and output drops (in this case by about $2T) then SOMEONE needs to inject $2T into the economy to get it going again. Clearly consumers weren't going to and neither are businesses (they still aren't), so the only two options were let the recession get worse (the GOP would love this) or the government injects stimulus, which they did, but they didn't inject enough. Hence the reason we need another one.
I am well aware of the differences between short term and long term planning and affects, are you? You guys are the ones screaming and crying about the debt, when that is a long term issue and what we need to do right now is address the short term issues, like unemployment.
Or do you think we should do nothing about unemployment and just follow Gov. Perry's idea to just pray it goes away?
You don't know what the fuck you're talking about...
That stimulus inflated our currency because unions defy supply and demand fundamentals.
The dollar cant support union demands, and thats exactly the channel that money went through - unions..
Sorry, you just cant take a dollar from a person and put it through the system and expect it to still be a dollar when it comes out the other end.....
For every dollar thats spent only 30cents of it gets pumped back into the economy, the main reason?? inflated union wages...
Econ 101
Competition and supply and demand...
Its basic microeconomics....
Microeconomics - Wikipedia, the free encyclopedia
Learn it...
Unions wages inflate the dollar because union wages are not based on supply and demand.
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