Yea, that wasn't a help at all. Thanks.
Stimulus Plan Stimulates the Economy
- Thread starter BSmith1068
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Yea, that wasn't a help at all. Thanks.
Zarn
Le Républicain Catholique
He is blamed for a lot of the economic short comings right now. I'm surprised any source would give him much credit. Many people are actually quite surprised he wasn't fired, yet.
1- I would research his role in the AIG scandal.
2- Both progressives and Republicans later accused him of being incompetent and unable to help Main Street (such as unemployment).
3- He is a known tax cheat.
amadeus
✻ Come on down! ✻
No.
No.
No. If we know the stimulus money worked, then do we also know what money worked and what didn't? What about the lost opportunity cost incurred in spending this money?
BSmith, I hate to break it to you, but conservatives haven't "moved past the debate" on the New Deal. I don't think it's gonna happen with the stimulus.
Yes, in a particular way. It shows that "bipartisanship" and "centrism" don't work if the two parties have vastly different opinions as to what policies ought to be enacted. It's analogous to two people coming to a "compromise" as to whether they should go due East or due West to get to their destination. They don't end up anywhere.
In fact, continuing this analogy, the stimulus debate was between the liberals, who wanted to go East to a place that exists in reality, and the conservatives, who wanted to go West off a cliff overlooking an ocean filled with deadly sharks. (The free market fairies give you wiiiiiiings!)
Cleo
Yes, in a particular way. It shows that "bipartisanship" and "centrism" don't work if the two parties have vastly different opinions as to what policies ought to be enacted. It's analogous to two people coming to a "compromise" as to whether they should go due East or due West to get to their destination. They don't end up anywhere.
In fact, continuing this analogy, the stimulus debate was between the liberals, who wanted to go East to a place that exists in reality, and the conservatives, who wanted to go West off a cliff overlooking an ocean filled with deadly sharks. (The free market fairies give you wiiiiiiings!)
Cleo
Yeah.... I think you are right here.
Integral
Can't you hear it?
But the New Deal wasn't stimulatory on output -- and this is from that bastion of conservative thought: Christina Romer, who isn't the chair of Obama's CEA or anything.
Ergo Sum
Prince
Zarn said:
You missed the point. Regardless of of what political point you're trying to make, he was talking in economic terms.
Zarn
Le Républicain Catholique
It hurts the economy, too.
Desmond Hawkins
Deity
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Deleted. It's late and I am nigh-on-********.
Ergo Sum
Prince
Really? Cause the economy actually expanded output.
Zarn
Le Républicain Catholique
Economies tend to do that, regardless.
useless
Social Justice Rogue
Not sure why you like to blame Obama... especially when he has alot to deal with.
Ajidica
High Quality Person
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Not always. Look at the economy of the Weimar Republic. Down the crapper it went because of government austerity measures.
Removing water from one end of a swimming pool and dumping it in the other end will not raise the overall water level.
In other words, taking money from the private economy to finance the public economy will not expand the economy. That stimulus simply took money away from productive private activities and fed resources to poorly thought out stimulus activities (IE cash for clunkers and home tax credits).
I see so people would not have bought a car if they needed one? All that policy did is delay the pain as we're seeing recently with the housing market. So moving the water was stimulative how? Very questionable on a short term basis and undisputed on a long term basis.
amadeus
✻ Come on down! ✻
Unfortunately, it seems like there is a lot of this one-dimensional thinking; if a stimulus package to entices people to buy cars, there is the impression that the program "worked." But how did it work? People that had money and intended to spend it elsewhere were now buying cars subsidized by the government, so the program helped Chrysler but hurt Sony, Microsoft, Wal-Mart, or whoever. And at what cost did it come at? The government paid out $3 billion to people that were going to spend money anyway.
Airstrike92
King
The stimulus package stimulates the economy. whodathunkit?
amadeus
✻ Come on down! ✻
Not me!
Ayatollah So
the spoof'll set you free
But taking money from the future private economy to finance the present public economy (by deficit spending) can expand the economy.
