China has been using stimulus funds to help their economy and it's working, but then again they don't have to deal with evangelical repubs...
It appears that post #17, revealing that the Stimulus had a far from salutary effect.....really took the wind out of your sails, huh?
You didn't like including Canada there, I guess.
Why, did you miss Canada at anytime?
The Stimulus also had the less than desired affect because of GOP obstructionism and tunnel vision on the ACA...Much of the stimulus was in tax reductions, which is another reason it didn't work as well.It should have been modeled on Reagan or Bush's stimulus programs that allowed the govt. to spend money to spur the economy...
I buried you earlier...now you're back! What are you, some sort of Liberal zombie???
Gonna have to bury you again!
"The Stimulus also had the less than desired affect because of
GOP obstructionism...."
So...
.is there an obstructurist GOP in every country?
No?
Then how do you explain this:
12.
Japan tried eight fiscal-stimulus plans in the 1990s and early 2000s to end a nearly two-decade long depression that began in 1991. “Keynesian ‘pump-priming’ in a recession has often been tried, and as an economic stimulus it is overrated.”
(“Barak Obama-san”,
http://online.wsj.com/article/SB122938932478509075.html)
And the result of these enormous public-works programs? In 1991, the Nikkei was at 30,000; by 2000, after spending $1.4 trillion in today’s dollars on stimulus programs, the Nikkei was at 12,000.
a. And how successful was
the FDR stimulus?In 1935, the Brookings Institution (left-leaning) delivered a 900-page report on the New Deal and the National Recovery Administration, concluding that “ on the whole
it retarded recovery.”
b. In 1931, in some of the darkest days of the Great Depression and the middle of the Hoover administration, unemployment rate stood at 17.4 %.
Seven years later, after five years of FDR, and literally hundred s of wildly ambitious new government programs, more than doubling of federal spending, the national unemployment rate stood at – 17.4 %. At no point during the 1930’s did unemployment go below 14 %. Even in 1941, in the midst of the military buildup, 9.9 % of American workers were unemployed.
Andrew Wilson is right: the New Deal did not end the Great Depression ("
Five Myths About the Great Depression," November 4).
c. No less an authority than FDR's Treasury secretary and close friend, Henry Morganthau, conceded this fact to Congressional Democrats in May 1939:
"We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong ... somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises ... I say after eight years of this Administration we have just as much unemployment as when we started ... And an enormous debt to boot!"
http://www.burtfolsom.com/wp-content/uploads/2011/Morgenthau.pdf
13. But, hey...but how could Obama have known all of this???
Here's how: he hired
Christina Romer as the Obama chief economic advisor...what was her perspective?
“…multiple studies have shown, government spending has little stimulative value. One of those studies was done by Obama’s new chief economic adviser, Christina Romer of UC Berkeley, who found $3 in increased Gross Domestic Product (GDP) for every $1 in
tax cuts. Increased
spending generates at best a mere 40 cents of GDP growth on the dollar. Third, that 40 cents actually goes to special interests like labor unions, politically influential contractors in favored industries and state and local political allies of the party in power.”
The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks [PDF], April 2009. American Economic Review, forthcoming.
Bottom line....Obama knew....Liberal elites know.
They have other reasons to support government spending.....and those reasons don't include solving recessions, unemployment, or poverty.
But dopes who buy their lies.....they keep defending wasteful spending by big government no matter what logic, experience and research show.
True?
Raise your paw.
