| The new US Economic Stimulus Package? |
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The new US Economic Stimulus Package?
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Asked 3 years ago
by greeneyegirl79  United States |
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About
My eyes actually are green, I am being literal on the choice of screen name. PS Poodles, not just another pretty face. They may look all frilly and fancy, but I wouldn't mess with them, just to be safe ;0)
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10 Points
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Hmmm, what can I do with the extra $7/week I will get? Not much.
How much will my taxes have to go up to pay back all this "stimulus" spending? A lot more than $7/week is my bet.
Things that make you go hum, lol.
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[2 points] 3 years ago by deleted user ReplyThis comment was deleted by greeneyegirl79 .
[1 point] 3 years ago byYes, let's let the government spend more to stimulate the economy, now why doesn't that make sense to me?
Because you don't understand it?
I don't think even our legislators understand that thing, so I doubt you understand it any better.
I mean you don't understand the concept of government spending.
Please do not presume to know what I understand or do not understand. Government can spend money or lower taxes to stimulate the economy. Spending now has a short term effect in stimulating the economy. However that money needs to be recouped, so the short term benefit has a price, meaning the government will somehow need to collect to pay for what was spent. Investing will slow, as a result future growth is stymied. Cutting taxes gives longer term benefits as people have more money to invest and growth potential is greater in the future. Business will increase, meaning jobs will be appear as a result of demand increasing. Neither is perfect, but long term growth potential seems smarter.
...yes, listen to a 200-year-old irrelevant quote. Jefferson was a great guy and all but if we picked him up and dropped him here in 2009, he wouldn't know his economic ass from his fiscal face.
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[1 point] 3 years ago by deleted user ReplyLOL Reagan?! You gotta be kidding... You need to go back to college, buddy.
Waaaay more money is needed to get the economy back on track.
http://www.economist.com/world/unitedstates/displayStory.cfm?story_id=13061360
(last paragraph)
This bill needs to be bigger, have more infrastructure and education funding and have less tax cuts. There has been a lot of fuss and opposition about this bill; seems to me that a lot of people need to revisit their ECON 101 books.
> This bill needs to be bigger, have more infrastructure and education funding and have less tax cuts. There has been a lot of fuss and opposition about this bill; seems to me that a lot of people need to revisit their ECON 101 books.
And how will a bigger bill stimulate the economy? The New Deal didn't, and I doubt this will either. There is so much pork in this enormous package it is not worth the paper it is printed on.
I don't think taking money for more spending will get the economy going; and fewer tax cuts, so tax people more, how will that help get the economy going? So tax the people who have jobs more and allow businesses to fail so we can all work on roads or public works projects, sorry, I cannot see the sense in that. Seems to me like telling someone with little money don't find a job or more income, spend what money you have improving your home and don't worry about finding a way to keep your home.
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[0 points] 3 years ago by deleted user ReplyI'm an American. And if you're older than 14, it doesn't seem so by your comment history.
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[0 points] 3 years ago by deleted user ReplyThis comment was deleted.
[0 points] 3 years ago by deleted user ReplyThis comment was deleted.
[0 points] 3 years ago by deleted user ReplyI live in Canada.
Like I said. I think more people need to visit their ECON 101 books.
Yes, and people should also study their HISTORY 101 books. Some have argued the New Deal social programs prolonged the Great Depression in the US, where it lasted longer then the rest of the world. In fact it was WWII that helped the US get out of the Great Depression more so than FDR and the New Deal some have argued. History also has much to teach. . .
In 1937, the editors of The Economist published an appraisal of the New Deal in which they concluded that:
"If the criterion be Utopian, the achievements of the New Deal appear to be small. Relief there has been, but little more than enough to keep the population fed, clothed and warmed. Recovery there has been, but only to a point still well below the pre-depression level. The great problems of the country are still hardly touched. There has been no permanent readjustment of agriculture to meet its changed environment. Very little has been done to iron out the fluctuations of industrial production for the future. The monetary structure of the country, on balance, is less under control than formerly."
However, "If the New Deal be compared, not with the absolute standards of Utopia, but with the achievements of other Governments, the former adverse judgement must be modified. If it be compared with either the performance or the promise of its rivals, it comes out well. If its achievements be compared with the situation which confronted it in March, 1933, it is a striking success." - Clearly there is debate over its success or failure, and is not the perfect model of economic recovery some might believe.
Wow, 1933 and 1937...way to keep it relevant.
History is not relevant? Those who do not study the past are doomed to repeat it. I don't think the "New Deal II" is the way to go; Alphabet Soup, Court Packing, Labor Union surges, oh my. So we can't learn from the 1933 Depression and subsequent 1937 Recession, all under FDR and the New Deal?
Yaawwwn...
Yaawwwn...
Wow, your intricate, well-expressed, and mature argument has impressed me a great deal. You seem to be oblivious to the fact that your precious Economics has a basis in history; historical performance plays a role in how economists predict and evaluate trends and formulate economic plans.
That wasn't an argument, it was a yawn. And in response to your comment, all I heard was "blah blah blah blah "your precious Economics" blah blah blah"
Do I hear gnats buzzing now, yeah, I think I do.
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[1 point] 3 years ago by deleted user ReplyHow can I earn less to get more from Big Brother? Who is John Gault?