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Thread: CBO: Stimulus hurts economy in the long run

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Goldenboy219 View Post
    Are you financially illiterate? Companies are more profitable than they have been during any period of time in the past 25 years.
    They sure are, why? Expenses are at record lows due to doing more with less. Nothing you have posted refutes what I have stated, expense cuts add a dollar to the bottomline whereas sales increases add the GP margin to the bottomline and you call that financial illiteracy? You obviously never ran anything and have never seen a real P&L statement so keep up with the condescending comments.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post
    They sure are, why? Expenses are at record lows due to doing more with less.
    Hence companies are more productive. Which gets back to my point that non-financial businesses are doing just fine. It's kind of hard to argue that the White House is laying the foundation for inefficiency through its policies when American companies are the most efficient they have been (on a per hour basis).
    Last edited by Kushinator; 12-02-11 at 02:49 PM.
    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
    Hence companies are more productive. Which gets back to my point that non-financial businesses are doing just fine. It's kind of hard to argue that the White House is laying the foundation for inefficiency through its policies when American companies are the most efficient they have been (on a per hour basis).
    the largest monthly operating expense is payroll and payrolls are at record lows. Nothing you have posted refutes what I stated and you know it. One dollar in payroll reduction is a dollar to the bottomline line whether you accept it or not

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post
    the largest monthly operating expense is payroll and payrolls are at record lows. Nothing you have posted refutes what I stated and you know it. One dollar in payroll reduction is a dollar to the bottomline line whether you accept it or not
    Hence, the problem is demand driven and only demand side remedies will efficiently lead to recovery.
    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
    Hence, the problem is demand driven and only demand side remedies will efficiently lead to recovery.
    Nonsense if you give a rich person more money he will hire more people even when it's not profitable to do so! They'll just make extra widgets and throw them in the trash or something just so they can hire more people out of the goodness of their hearts.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Deuce View Post
    Nonsense if you give a rich person more money he will hire more people even when it's not profitable to do so! They'll just make extra widgets and throw them in the trash or something just so they can hire more people out of the goodness of their hearts.
    Supply creates its own demand when widgets and wervices (widget services) are used as currency!
    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
    Hence, the problem is demand driven and only demand side remedies will efficiently lead to recovery.
    And the proper way to create demand is to raise the taxes on the rich and to promote class warfare? Think redistribution of wealth creates demand? Sounds like another Reaganomics convert

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post
    And the proper way to create demand is to raise the taxes on the rich and to promote class warfare?
    Strawman. I never said anything of the sort! The most efficient way to boost demand is to lower private saving. As a fiscal policy tool, government can lower private saving by lowering public saving.

    Think redistribution of wealth creates demand? Sounds like another Reaganomics convert
    Creating new jobs via declines in public saving instantaneously creates demand!
    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
    Strawman. I never said anything of the sort! The most efficient way to boost demand is to lower private saving. As a fiscal policy tool, government can lower private saving by lowering public saving.



    Creating new jobs via declines in public saving instantaneously creates demand!
    There are many here that believe that raising taxes on the rich are the way to benefit the economy which is short term thinking and completely wrong. Govt. can only do so much in our basically private sector economy. Govt. spending is 20% of our GDP and the fact remains if you are going grow the economy you don't do it by demonizing it and promoting class warfare like Obama has done. Right now there are more than 25 million unemployed/under employed Americans with millions more not even counted because they don't qualify for unemployment compensation so until there is enough demand to get these people back to work in the private sector the economy is going to remain stagnant

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post
    There are many here that believe that raising taxes on the rich are the way to benefit the economy which is short term thinking and completely wrong.
    Agreed. But that is not a reason to make the false claim that i have argued anything of the sort. Raising taxes is how you increase public savings, which is something that is negative for growth at this stage of the recovery. You have stated yourself that firms are unwilling to hire because there is a general glut in sales, and therefore the only way to remain profitable is to "do more with less". How do we increase the amount of money people are willing to spend on goods when the cost of these goods (because costs are way off their 2008 levels on nearly all accounts) is not the primary driver in weak sales?
    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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