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

  1. #11
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    Re: New Obama plans: 'spend our way out' of downturn

    Quote Originally Posted by Ethereal View Post
    Tax cuts, yea, do that.

    More spending? Hell no.
    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:

    http://www.faireconomy.org/press_roo...d_job_creation
    Last edited by misterman; 12-08-09 at 08:05 PM.

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

    Quote Originally Posted by misterman View Post
    Spending creates jobs.
    And increases the debt, and devalues the dollar, and creates bubbles, and distorts self-correction.

    Tax cuts don't in the short run.
    Thinking in the short-term economically is what got us into this mess in the first place.

  3. #13
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    Re: New Obama plans: 'spend our way out' of downturn

    Quote Originally Posted by Ethereal View Post
    And increases the debt, and devalues the dollar, and creates bubbles, and distorts self-correction.
    And tax cuts don't?

    Thinking in the short-term economically is what got us into this mess in the first place.
    True. But it's too late. We're in the short term now, in a crisis, and we have to think that way. I don't like it either.

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

    I thought we the taxpayers were supposed to be paid back on our investment with interest?

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

    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
    How about this quote:

    "While there is no evidence that massive tax cuts create jobs, there is considerable evidence that they contribute to economy-choking deficits."

    If you think this report is legitimate, then perhaps you should consider their assertion in the context of spending increases.

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

    Quote Originally Posted by The silenced majority View Post
    I thought we the taxpayers were supposed to be paid back on our investment with interest?
    That's the bailout. Good news:

    Bernanke: Fed will make profit on bailout
    Fed Chairman says he's confident the Fed will be paid back for loans made; sees moderate economic growth in 2010.
    By Chris Isidore, CNNMoney.com senior writer
    Last Updated: December 7, 2009: 2:39 PM ET

    NEW YORK (CNNMoney.com) -- Federal Reserve chairman Ben Bernanke said Monday he's confident the Federal Reserve will make money on the trillions it has pumped into the economy since the start of 2008.

    Bernanke: Fed will make profit on bailout - Dec. 7, 2009

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

    Quote Originally Posted by misterman View Post
    You realize that Congress appropriates funds, not the President, right?
    You also realize they plan on illegally using tarp for things it was not authorized for.

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

    Quote Originally Posted by misterman View Post
    And tax cuts don't?
    No, not really.

    True. But it's too late. We're in the short term now, in a crisis, and we have to think that way. I don't like it either.
    The crisis is long over and the economy is already showing signs of improvement. There is no need for another stimulus.

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

    Quote Originally Posted by ptif219 View Post
    You also realize they plan on illegally using tarp for things it was not authorized for.
    Doesn't change the facts in my post, does it?

    If it's illegal, Congress can step in.

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

    Quote Originally Posted by Ethereal View Post
    No, not really.


    The crisis is long over and the economy is already showing signs of improvement. There is no need for another stimulus.
    You're kidding, right? So the stimulus worked? Please tell that to all the whiners who say the stimulus isn't working, okay?

    Yet you want tax cuts? What for?

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