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

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

    Quote Originally Posted by misterman View Post
    Okay. But it's off-topic from my original point, which was that it made a profit, just as the poster said it was supposed to do.



    Actually, it's more complicated than that, and the world is very different now.
    There is no profit and it will not be used to pay back the treasury like the bill said it would.

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


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

    Quote Originally Posted by Ethereal View Post
    I never said the stimulus worked.


    Because it's my money.
    Yeah, you don't give a damn about anything but yourself, even if you come out worse in the long run.

    Sure, everyone wants tax cuts. This thread is about the economy and how best to help it, not the fact that nobody likes to pay taxes. That's a given.

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

    Quote Originally Posted by ptif219 View Post
    There is no profit
    Read the article.

    I believe the net is still below zero, but still much more than expected.

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

    Quote Originally Posted by Alex View Post
    the nation must continue to 'spend our way out of this recession' until more Americans are back at work.
    I agree with that. We sure can't save our way to a robust economic expansion.

    Without giving a price tag, Obama proposed a package of new spending for highway, bridge and other infrastructure projects, deeper tax breaks for small businesses and tax incentives to encourage people to make their homes more energy efficient."

    "Obama did not say how much his proposals would cost, although congressional Democrats are eyeing a $70 billion package to help create jobs and to provide aid to hard-pressed state and local governments. Administration aides suggested that the part of the package dealing with roads, bridges and other infrastructure could total about $50 billion."
    Sounds good to me.

    Seems that this means the package from last winter is a failure. We have already spent too much money, it is not working.
    Nonpartisan analyses agree: current GDP, total employment figures would be worse without Recovery Act. According to impartial, nonpartisan analyses of key economic indicators since the first quarter of 2009 conducted by several companies specializing in macroeconomic forecasting, the stimulus package boosted both the gross domestic product (GDP) and total employment figures relative to how those metrics would have fared in the absence of that legislation.


    Contradicting broad economic consensus, right-wing media use jobs summit to declare stimulus has failed | Media Matters for America

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

    Quote Originally Posted by misterman View Post
    Yeah, you don't give a damn about anything but yourself...
    Wanting a tax cut = not giving a damn about anything but myself.

    Strange logic you have there.

    Sure, everyone wants tax cuts. This thread is about the economy and how best to help it, not the fact that nobody likes to pay taxes. That's a given.
    Tax cuts do help the economy.

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

    obama's the man suddenly talking about tax cuts

    LOL!

    barack obama is so stupid...

    (how stupid is he?!)...

    he actually believes that holding a december jobs summit will make americans think he's doing something about their one and only overwhelming concern

    instead of leading normal people to conclude---what the heck has he been doing the last 11 months?

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

    Quote Originally Posted by misterman View Post
    Read the article.

    I believe the net is still below zero, but still much more than expected.
    Then there is no profit.

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

    Quote Originally Posted by Whip Comes Down View Post
    I agree with that. We sure can't save our way to a robust economic expansion.

    Sounds good to me.



    Nonpartisan analyses agree: current GDP, total employment figures would be worse without Recovery Act. According to impartial, nonpartisan analyses of key economic indicators since the first quarter of 2009 conducted by several companies specializing in macroeconomic forecasting, the stimulus package boosted both the gross domestic product (GDP) and total employment figures relative to how those metrics would have fared in the absence of that legislation.


    Contradicting broad economic consensus, right-wing media use jobs summit to declare stimulus has failed | Media Matters for America
    Raising taxes will mean less money to expand business.

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

    Quote Originally Posted by misterman View Post
    Okay. But it's off-topic from my original point, which was that it made a profit, just as the poster said it was supposed to do.



    Actually, it's more complicated than that, and the world is very different now.
    Yes, the most important difference is that we know governments can spend their way out of a paper bag, let alone a recession.

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