Big Fitz
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- Nov 23, 2009
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the stupidity implied is such statements and hackneyed logic is beyond contempt.Righties even seem unable to grasp that $1.00 of unemployment insurance benefits provides a bang for the buck of $1.61that is, for every $1 in UI benefits, GDP one year later is increased by an estimated $1.61.
http://www.economy.com/mark-zandi/d...e-Committee-Unemployment Insurance-041410.pdf
Please stop trying to get that tired dog to hunt...nobody bought it when Nancy Pelosi trotted it out a year and a half ago and nobody (with a whit of common sense) buys it now.
Just because Nancy Pelosi was the one to present the information does not mean she was the source of the information. Do you have information or FACTS that are contrary to the report provided by Moody's?
The industry research firm Moody's Economy.com tracked the potential impact of each stimulus dollar, looking at tax rebates, tax incentives for business, food stamps and expanding unemployment benefits.Food stamps offer best stimulus - study
The report found that "some provide a lot of bang for the buck to the economy. Others ... don't," said economist Mark Zandi.
In findings echoed by other economists and studies, he said the study shows the fastest way to infuse money into the economy is through expanding the food-stamp program. For every dollar spent on that program $1.73 is generated throughout the economy, he said.
The government cannot create wealth. Sitting there redistributing money from one person to another and thinking that this is economic activity and growth is a pack of lies.