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Thread: CBO: Stimulus hurts economy in the long run

  1. #161
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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Boo Radley View Post
    If you ever actually present some facts, I will address them.
    No you won't. You don't address anything honestly. Like I said arguing with Jello.

    That's it. I'm out.

    j-mac
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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by j-mac View Post
    No you won't. You don't address anything honestly. Like I said arguing with Jello.

    That's it. I'm out.

    j-mac
    Without ever actually presenting any facts. I know. It's easier to just blame me.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Boo Radley View Post
    Without ever actually presenting any facts. I know. It's easier to just blame me.
    ****************
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by 1Perry View Post
    Did you even read your link?

    So basically, what the 2004 UCLA study concluded was that inflated prices and wages were the cause of the slowed recovery, and the NIRA which FDR signed into law was the cause of that inflation, resulting in a 60% weaker recovery.
    The New Deal was not a Keynesian-esque government stimulus. To be brutally honest, the New Deal was a conservative response to the economic downturn. If you want to look for examples of Keynesian government stimulus, look towards WWII as well as the early policies of the Reagan administration.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by MrVicchio View Post
    **** gets real bad for a bit, then rebounds as markets are wont to do. OR you can "Save" the system, making a much longer, worse recovery, but score political points from the chicken littles who want to be saved "hardship"
    Sheer ignorance! Have you even considered how sharp declines in both employment and investment impact both human and physical capital? For starters, all capital has a relative rate of depreciation. How about sheer probability? If output declines by 25% in year 2, at what rate would the economy have to grow in order to "rebound" to the output level of year 1? Answer: 33%. What is the probability that any developed economy can grow by 33% in a given year? Better yet, are there even any historical examples of such growth rates?

    The mythical "markets self correct" belief died with those who waited for such an occurrence back in the 1930's.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Goldenboy219 View Post
    Sheer ignorance! Have you even considered how sharp declines in both employment and investment impact both human and physical capital? For starters, all capital has a relative rate of depreciation. How about sheer probability? If output declines by 25% in year 2, at what rate would the economy have to grow in order to "rebound" to the output level of year 1? Answer: 33%. What is the probability that any developed economy can grow by 33% in a given year? Better yet, are there even any historical examples of such growth rates?

    The mythical "markets self correct" belief died with progressive ideologues back in the 1930's.
    There fixed it for you....

    j-mac
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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by j-mac View Post
    No you won't. You don't address anything honestly. Like I said arguing with Jello.

    That's it. I'm out.

    j-mac
    That is nothing but a personal attack on another poster. I would report you if I was a pu$$y.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by j-mac View Post
    There fixed it for you....

    j-mac
    Nope! What you did was display that you are incapable of replying to my post with anything of substance. You can try again, but i am not expecting much to come of it.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Goldenboy219 View Post
    Nope! What you did was display that you are incapable of replying to my post with anything of substance. You can try again, but i am not expecting much to come of it.
    Well, I was playing around a little, but I do have a question. Where did you come up with your 25% numbers? And if we have been bleeding jobs at the rate of 400K per month, every month since Obama took over, what has he done to help.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by treedancer View Post
    Sure do.For starters I would go back to pre 1980 tax level on the 0.1%. that would put their rate at well above today’s 35%.That should do it; with a bit of luck we could have a little more left to take the deficit down a tad.
    Doesn't look like you understandwhat taxes fund what. Why the focus on tax rates and not who is paying FIT?

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