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Thread: Worst day since 2008 financial crisis

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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by AdamT View Post
    It is, again, basic economics. When you pump money into the economy it increases economic activity and supports jobs. When you pull money out of the economy it suppresses economic activity and lowers employment.

    It's sort of morbidly amusing to see all of these conservative Congressman running around their states having their pictures taken at ribbon cutting ceremonies celebrating the completion of projects that were financed with stimulus spending, all while they maintain that the stimulus has done nothing.
    The money pumped into this economy led to higher unemployment, higher debt, and the current very poor GDP numbers. Are you ever going to question your sources and ask them how they explain the actual numbers? Making a claim that things would have been worse is political rhetoric that only the brainwashed buy. How can you say things would have been worse when things are worse?

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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by pbrauer View Post
    Conservatives don't seem to understand about supply and demand, they buy in to the idea that if you increase production that lowers the prices, that will increase demand. That's a bogus argument, because consumers need money in their pockets in order to purchase goods and services.

    We needed a bigger stimulus package focused on infrastructure programs which put people to work on projects badly needed in our country- road, bridges, schools, etc. All this would be done with privates businesses.

    Austerity programs kill jobs.
    Pb, the Obama results speak for themselves but you ignore them. Don't talk to me about something you don't understand. The first stimulus package was for shovel ready jobs and infrastructure, how did that work out for us? More stimulus? Where are you going to get the money?

  3. #33
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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by Conservative View Post
    The money pumped into this economy led to higher unemployment, higher debt, and the current very poor GDP numbers.
    Sorry, but that is absolutely contrary to everything we know about economics. You can say that black is white and up is down, but it doesn't make those statements true.

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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by AdamT View Post
    It is, again, basic economics. When you pump money into the economy it increases economic activity and supports jobs. When you pull money out of the economy it suppresses economic activity and lowers employment.
    The government can only take from others to pump the economy. Money that would have been used to create long term jobs as opposed to temporary ones.

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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by AdamT View Post
    Sorry, but that is absolutely contrary to everything we know about economics. You can say that black is white and up is down, but it doesn't make those statements true.
    You can spend as much money as you want but throw that money down a black hole and generate the same results that Obama has generated because that is exactly what he did. he is a leftwing ideologue who like far too many still believes that the liberal ideology is a winning one. That is total and complete bs as the numbers show. What is it about the liberal ideology that creates such loyalty?

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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by 1Perry View Post
    The government can only take from others to pump the economy. Money that would have been used to create long term jobs as opposed to temporary ones.
    Only in the liberal world does this make sense, taking money from the taxpayer so that the govt. can help the taxpayer? Wow, that is liberal logic! Just let the taxpayers keep their own money and as they always do charitable giving skyrockets.

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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by j-mac View Post
    Who says that Keynes was right? Seems that throughout history when ever his theory is put into place it fails miserably.

    j-mac
    Realitically it is not that Keynes was wrong, but that his theory has never been put into practice fully.

    A signficant, and nearly always ignored part of Keynes theory is that governments should run a surplus most of the time. Not continual deficits. Canada was following the surplus part during the early 2000s and partly due to that we are doing generally ok currently
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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by Lord Tammerlain View Post
    Realitically it is not that Keynes was wrong, but that his theory has never been put into practice fully.

    A signficant, and nearly always ignored part of Keynes theory is that governments should run a surplus most of the time. Not continual deficits. Canada was following the surplus part during the early 2000s and partly due to that we are doing generally ok currently
    You don't have a problem with the govt. over taxing its people so as to have a surplus? How about never spending more than you take in? If you have a surplus the govt. is keeping more taxpayer money than it uses.

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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by 1Perry View Post
    The government can only take from others to pump the economy. Money that would have been used to create long term jobs as opposed to temporary ones.
    The point is that the money would not be in the economy but for the government's spending. It is borrowed.

    Let's use your individual analogy:

    Say you are hit by an uninsured motorist while crossing the road and you don't have disability insurance. You can't work because of your inuries and probably won't be able to for a year or two. But fortunately you have very good credit and you can borrow enough to get you through that time which will allow you to keep paying your bills and your rent. What do you do? Do you say that borrowing would be irresponsible and thus not pay your bills and start living on the street? Even if not paying your bills and living on the street will have a severe impact on your future job prospects and your ability to borrow in the future? I don't think so.

    I think what you do is take your lumps and over the course of the next year, you develop a plan to pay back the loans over time.

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    Re: Worst day since 2008 financial crisis

    I may be wrong.

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