The truth about the Stimulous

Discussion in 'Economy' started by JimH52, Oct 26, 2010.

  1. JimH52
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    JimH52 Gold Member

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  2. Revere
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    Revere BANNED

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    Uh, did you read more than the headline?
     
  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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    I'll tell you this, Obama and the Dems forever killed the myth of the success of Keynesian economics and for that we are grateful.
     
  4. Wry Catcher
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    Wry Catcher Platinum Member

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    What I find most interesting is many on the right hope for gridlock. It is self evident the stimulus provided jobs, jobs which paid for food, clothing and shelter as well as projects (noted in the third letter) and that those who worked paid taxes, paid their mortgage and stayed off of public assistance.

    The problem with the tea party mentality is it is based on magical thinking, much like a small child, they believe only good will come out of a Republican take over of the Congress. Cutting taxes will explode the deficit, so less can be spent on domestic matters which maybe their goal.
    If the government cannot afford services it will naturally shrink - creating higher unemployment, more foreclosures and the Grover Norquist Republicans will have accomplished what they set out to do - a transfer of wealth from the middle class to the wealthy and create a true plutocracy.
    It has already begun as is evident in housing. People lose their homes, the homes reamin on the market for months, and as prices drop the rich move in (NOT LITERALLY) and buy up homes which they rent, deprecite and from their tax free income buy more.
    Soon whole neighborhoods will be occupied by renters, living in houses with little maintainance and even less police protection - for local governments will need to layoff deputies/officers. More guns will be sold, more crime is likely and soon Americans will be sneaking across the border into Canada (WHICH WILL NEED TO BUILD A FENCE TO KEEP US OUT).

    Of course this is an unlikely scenario, it might be much worse.
     
    Last edited: Oct 26, 2010
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    The check is in the mail.

    I won't cum in your mouth.

    Stimulus created jobs.
     
  6. Wry Catcher
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    Wry Catcher Platinum Member

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    See, this post is another crude idiotgram from a RWer of less than average intelligence. He posts this shit to move my post immediate to his further down the page, hoping others won't have an opportunity to read it.
    Had he an ounce of intergirty (it would out weigh his brain) he would have included my post in his idiotgram.
    CF has never posted anything of substance, it is the same old RW rhetoric day after day; rhetoric he simply parrots.
     
    Last edited: Oct 26, 2010
  7. CrusaderFrank
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    CrusaderFrank Diamond Member

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  8. iamwhatiseem
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    iamwhatiseem Gold Member

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    The Stimulus created jobs...I don't know if anyone seriously denies that.

    However questions abound:

    1) How many jobs? Proven over and over jobs claimed to have been created have been exaggerated, outright fabricated and jobs were claimed that already existed.
    2) What kind of jobs? Temporary? Permanent? Well Paying?
    3) Were the jobs needed, or have projects been invented to "create jobs"? As with number one there are several several several "jobs" creates that were absolute waste of taxpayer money - especially in research.
     
  9. CrusaderFrank
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    CrusaderFrank Diamond Member

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    The only thing the Stimulus created was the phony "Saved or created" metric
     
  10. PoliticalChic
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    PoliticalChic Diamond Member

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    "...it might be much worse. "

    If 'ifs' and 'buts' were candy nuts, we'd all have a Merry Christmas.

    How seemingly intelligent folks settle into the pap that liberals dole out...

    and above is a prime example.

    Now, wouldn't it be more efficacious to follow examples that actually worked in the past? Or would that be too 'conservative' for you lefties?

    Let's say there had been a severe recession, and it occurred right here in the USA, and by zero governmental interference, the recession...wallah!...vanished in a year!!!

    Wow- if only there was such experience to base our actions on,.....and here it is:

    1. "America's greatest depression fighter was Warren Gamaliel Harding. An Ohio senator when he was elected president in 1920, he followed the much praised Woodrow Wilson— who had brought America into World War I, built up huge federal bureaucracies, imprisoned dissenters, and incurred $25 billion of debt.

    Harding inherited Wilson's mess— in particular, a post–World War I depression that was almost as severe, from peak to trough, as the Great Contraction from 1929 to 1933 that FDR would later inherit. The estimated gross national product plunged 24 percent from $91.5 billion in 1920 to $69.6 billion in 1921. The number of unemployed people jumped from 2.1 million to 4.9 million.

    One of Harding's campaign slogans was "less government in business," and it served him well. Harding embraced the advice of Treasury Secretary Andrew Mellon and called for tax cuts in his first message to Congress on April 12, 1921. The highest taxes, on corporate revenues and "excess" profits, were to be cut. Personal income taxes were to be left as is, with a top rate of 8 percent of incomes above $4,000. Harding recognized the crucial importance of encouraging the investment that is essential for growth and jobs, something that FDR never did.

    Powerful senators, however, favored giving bonuses to veterans, as 38 states had done. But such spending increases would have put upward pressure on taxes. On July 12, 1921, Harding went to the Senate and urged tax and spending cuts." http://www.n-philes.com/forums/showpost.php?p=50819272&postcount=1


    2. "Instead of bailing out failing businesses, expanding government, and redistributing taxpayer money with a "stimulus" plan, Harding responded by cutting spending and removing burdensome regulations and taxes. During his campaign, he argued, "We need vastly more freedom than we do regulation." In stark contrast with the Bush-Obama response of ever-more government spending and debt, Harding had federal spending cut in half between 1920 and 1922 and ultimately ran a surplus.

    As a result, the recession that started in 1920 ended before 1923. Lower taxes and reduced regulation helped America's economy quickly adjust after the war as entrepreneurs and capital were freed to create jobs and push the economy to recover. Harding's free market policies lead to the Roaring Twenties, known for technological advances, women's rights, the explosion of the middle class, and some of the most rapid economic growth in American history. Still, he is ranked as one of the worst presidents by many in academia's ivory tower."
    http://www.realclearpolitics.com/articles/2009/02/obama_should_channel_harding_n.htm


    Liberals and Conservatives differ in the way to proceed. For Conservatives, data informs policy. (“More Guns, Less Crime” and “Mass murderers apparently can’t read, since they are constantly shooting up ‘gun-free zones.’”- Coulter)

    We use Conservative principles to the best of our ability, but when confronting new and original venues, we believe in testing, and analysis of the results of the tests. For liberals, feeling passes for knowing; it is based on emotion often to the exclusion of thinking.

    Harding or Obama? Which strategy works?
     
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