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Thread: New Obama plans: 'spend our way out' of downturn

  1. #111
    User Ted Stryker's Avatar
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    Bad now and getting worse.

    Quote Originally Posted by misterman View Post
    Spending creates jobs. Tax cuts don't in the short run. I'm trying to find the report I saw that rating stimulative effects of tax cuts vs. spending. In the meantime, I did find this:

    Report: No Correlation Between Bush Tax Cuts and Job Creation | United for a Fair Economy

    This is your objective source?

    From page seven of their annual report...


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    Reads like a Glen Beck who's who list.


    CBO says GDP will be reduced in the long run and no jobs have been created in he short-term, so there you go. The stimulus is a failure in the short-term tha harms the economy in the long-term.

    In the longer run, the legislation would result in a slight decrease in gross domestic product (GDP) compared with CBOs baseline economic forecast.

    CBO Says Stimulus Bad for the Economy - Marc Thiessen - The Corner on National Review Online
    Last edited by Ted Stryker; 12-10-09 at 01:43 AM.

  2. #112
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    Re: Bad now and getting worse.

    Quote Originally Posted by Ted Stryker View Post
    CBO says GDP will be reduced in the long run and no jobs have been created in he short-term, so there you go. The stimulus is a failure in the short-term tha harms the economy in the long-term.

    “In the longer run, the legislation would result in a slight decrease in gross domestic product (GDP) compared with CBO’s baseline economic forecast.”

    CBO Says Stimulus Bad for the Economy - Marc Thiessen - The Corner on National Review Online
    Care to explain this?

    Note this is nominal output, so if there is any inflation whatsoever over the next ten years (and as George Mellon points out in the Wall Street Journal it is hard to imagine there won’t be) the economy could be significantly worse off after ten years of massive deficits due to the effects of massive government borrowing “crowding out” private investment.
    Does this guy know the difference between nominal and real?

    Piss poor editorial if you ask me....
    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

  3. #113
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    Re: New Obama plans: 'spend our way out' of downturn


  4. #114
    User Ted Stryker's Avatar
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    Do you realize....

    Quote Originally Posted by misterman View Post
    You realize that Congress appropriates funds, not the President, right?

    Do you realize the "stimulus" recipients who report the jobs they claim to have created do so by congressional district?

    Do you realize the Representative from those districts can use this reporting in future campaign ads that illustrate their ability to bring home the pork?

  5. #115
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    Re: Bad now and getting worse.

    Quote Originally Posted by Ted Stryker View Post
    This is your objective source?
    Didn't say it was objective. Just reliable. Your response wasn't objective either.

  6. #116
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    Re: Do you realize....

    Quote Originally Posted by Ted Stryker View Post
    Do you realize the "stimulus" recipients who report the jobs they claim to have created do so by congressional district?

    Do you realize the Representative from those districts can use this reporting in future campaign ads that illustrate their ability to bring home the pork?
    Are you claiming the stimulus funds are distributed based on politics? You're welcome to do so, but if you want someone to believe you, you ought to try to back it up with some evidence.

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