You know the time is right to take control, we gotta take offense against the status quo
Originally Posted by A. de Tocqueville
What is fascinating about the notion that spending trillions of dollars the Government doesn't have as being a good thing requires one to ignore the Liberal argument that tax cuts do not stimulate economic growth.
The same morons (Democrats in Congress) that tell us that the Bush tax cuts COST the Government revenue and didn’t “stimulate” the economy are now arguing that spending money the Government doesn’t have for “pet” projects of their choosing is a better idea and somehow, this does not cost us revenue? Say what?
Tell me something Mr. Econ 101. What has a greater multiplier effect on economic growth; private sector spending, or Government? When you are through explaining that, explain how printing money and borrowing another $2 trillion will make our nation stronger?
Which brings up another of the false specious Democrat party arguments of the past; that Bush weakened the nation by making us more in debt to foreign entities; really? So this is different?
The fascinating denial here is the notion that tax cuts to stimulate the economy = bad. But Government programs to spend the money in selected preferred industries = good.
I am sorry; one has to be from planet denial to suggest that this is Econ 101; or sound economics by any desperate description.
I am curious, with all this defense of the trillions of dollars being offered up by Obama, who do you think will be getting the bill for this spending?
In all honesty, the only places without IA are farmlands in Montana, and I really don't think giving farmers access to the internet will help them any... Well I take that back, they'll have weather.com. I suppose that could be useful.
However, if your taxation is 30%, and you are quite productive at that level of taxation, then cutting your taxes to 25% will more than likely not result in the same level of productivity increases than going from say 40% to 30% would. If a tax cut only results in you doing something that you would have done otherwise, then your not getting a whole lot of stimulus from the tax cut. However, if a tax cut allows you to do something that taxation was preventing you from doing, then it will stimulate the economy.
As business investment, personal investment, economic growth, employment growth, median income growth, and virtually every major economic measure was stronger in the 90s than it was following the Bush tax cuts, one would be hard pressed to argue that the level of taxation that we had in the 90s was putting a burden on productivity, consumption, or investment.
In the long term private sector growth has a greater multiplier effect. However, if the private sector is contracting, then increases in public sector spending can certainly moderate economic contraction and shorten a recession because it introduces economic activity into the economy that would have not otherwise existed in the short term, and it increases the velocity of money in the economy.Tell me something Mr. Econ 101. What has a greater multiplier effect on economic growth; private sector spending, or Government? When you are through explaining that, explain how printing money and borrowing another $2 trillion will make our nation stronger?
Once the pumped is primed again so to speak, government spending should moderate and growth in the private sector should take over.
"You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)
Getting to the point that even Obama supporters need to realize he needs to shut up.
Market fell to its lowest point in 12 years do to what he has been pushing.