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Thread: Officials say tentative stimulus deal reached

  1. #11
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    Re: Officials say tentative stimulus deal reached

    Quote Originally Posted by RightinNYC View Post
    But it would still have the same "stimulus" effect that that guy is claiming the current bill has.
    Not necessarily the same, but an affect nonetheless. Obviously his whole point is any spending is a stimulus to the economy. The only debate is where to spend to have the biggest affect.

    Tax breaks for the rich may have an affect but is it better then spending those billions focused more on the middle class? Those experiencing the most effect of the economy?
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  2. #12
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    Re: Officials say tentative stimulus deal reached

    Quote Originally Posted by Gibberish View Post
    Not necessarily the same, but an affect nonetheless. Obviously his whole point is any spending is a stimulus to the economy. The only debate is where to spend to have the biggest affect.

    Tax breaks for the rich may have an affect but is it better then spending those billions focused more on the middle class? Those experiencing the most effect of the economy?
    I'm not saying it is. I'm simply contesting the quoted statement above:

    Johanns was too busy yesterday to explain this radical departure from standard theory and practice. Where does the senator think the $800 billion will go? Down a rabbit hole? Even if the entire sum were to be stolen by federal employees and spent entirely on fast cars, fancy homes, gambling junkets and fancy clothes, it would still be an $800 billion increase in the demand for goods and services -- a pretty good working definition for economic stimulus. The only question is whether spending it on other things would create more long-term value, which it almost certainly would.
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  3. #13
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    Re: Officials say tentative stimulus deal reached

    Quote Originally Posted by RightinNYC View Post
    I'm not saying it is. I'm simply contesting the quoted statement above:
    I got that. I thought you were trying to argue that, based on the quote, that your scenario would have the same stimulus affect. Which it wouldn't. Anyway, it doesn't matter really.

    I think the point of this is that the GOP list is not a list of things that will not stimulate the economy, as previously presented. It is a list of things they feel will have little affect on the economy or are things that may have an affect but they just don't agree with spending on.

    I think this is a decision that will never have complete bipartisan support. No matter who the authors are. It's all basically a big economic guess.
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    Re: Officials say tentative stimulus deal reached

    what are the changes?
    Let evil swiftly befall those who have wrongly condemned us

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