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Thread: Where's the stimulus?

  1. #21
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    Re: Where's the stimulus?

    Quote Originally Posted by megaprogman View Post
    The predictions made by economists that our unemployment would stop at 9 ot 10 percent without the stimulus was obviously wrong, in hindsight, it appears it would likely have been much higher without the stimulus. The stimulus made a difference, but things were worse than expected.

    At least, this is my take on it.
    Or sapping away capital on worthless projects made the situation worse.

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    Re: Where's the stimulus?

    One thing the stimulus did was to put the stock market over 12,000. However, that is misleading. Enough stimulus could put it over 20,000 and we would still have high unemployment. Why is that? Here's a clue. Has anybody noticed how prices for food, gasoline, and other necessities have skyrocketed recently? When you print money, the money itself becomes more worthless. It's called inflation, and we are beginning to see a round of it right now.

    Everybody talks about taxes, but there is a hidden tax, which is inflation, and it is the worst tax of all. The dollar has lost 98% of it's value since 1913, and it was caused by the printing of vast amounts of money to pay for things that we could not have afforded otherwise. All a stimulus is going to do is make it worse.

    It is an evening in December, 2020. A family sits around the fireplace, chatting about the day's events.....

    Father: Son, the fire is going down. We need more fuel.

    Son: No problem, dad, we have plenty fuel.

    The son goes to the basement, and brings up another armload of hundred dollar bills to throw on the fire.

    Father: Good job, son.
    Last edited by danarhea; 02-19-11 at 02:24 PM.
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    Re: Where's the stimulus?

    Quote Originally Posted by megaprogman View Post
    The predictions made by economists that our unemployment would stop at 9 ot 10 percent without the stimulus was obviously wrong, in hindsight, it appears it would likely have been much higher without the stimulus. The stimulus made a difference, but things were worse than expected.

    At least, this is my take on it.
    Hoax.............


    .
    .
    .
    ....and Change.

    Unemployemnt Rate Since Obama's "Stimulus/Jobs Bill"



    To believe that without Obama it would have been worse......and when its worse.....it would have been worser.......

    .......is to believe an unemployment rate of 15%..... 8 years after the new deal was a "Success"......
    .
    .
    .
    .

  4. #24
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    Re: Where's the stimulus?

    Quote Originally Posted by danarhea View Post
    One thing the stimulus did was to put the stock market over 12,000. However, that is misleading. Enough stimulus could put it over 20,000 and we would still have high unemployment. Why is that? Here's a clue. Has anybody noticed how prices for food, gasoline, and other necessities have skyrocketed recently? When you print money, the money itself becomes more worthless. It's called inflation, and we are beginning to see a round of it right now.

    Everybody talks about taxes, but there is a hidden tax, which is inflation, and it is the worst tax of all. The dollar has lost 98% of it's value since 1913, and it was caused by the printing of vast amounts of money to pay for things that we could not have afforded otherwise. All a stimulus is going to do is make it worse.

    It is an evening in December, 2020. A family sits around the fireplace, chatting about the day's events.....

    Father: Son, the fire is going down. We need more fuel.

    Son: No problem, dad, we have plenty fuel.

    The son goes to the basement, and brings up another armload of hundred dollar bills to throw on the fire.

    Father: Good job, son.
    I highly doubt it will matter...but it MIGHT be helpful if it was called by what it was: not a stimulus bill, but more deficit spending. Thats NEVER good. Especially when there is no clear cut plan on what the deficit money was spent for. We would have been better off if we had bought everyone in America a new American manufactured car or paid off their mortgage (not that we should have done it...but it would have at least BOUGHT something that would have required production (with the hope being that increased production equals increased jobs equals increased demand).

  5. #25
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    Re: Where's the stimulus?

    Quote Originally Posted by danarhea View Post
    One thing the stimulus did was to put the stock market over 12,000. However, that is misleading. Enough stimulus could put it over 20,000 and we would still have high unemployment. Why is that? Here's a clue. Has anybody noticed how prices for food, gasoline, and other necessities have skyrocketed recently? When you print money, the money itself becomes more worthless. It's called inflation, and we are beginning to see a round of it right now.

    Everybody talks about taxes, but there is a hidden tax, which is inflation, and it is the worst tax of all. The dollar has lost 98% of it's value since 1913, and it was caused by the printing of vast amounts of money to pay for things that we could not have afforded otherwise. All a stimulus is going to do is make it worse.

    It is an evening in December, 2020. A family sits around the fireplace, chatting about the day's events.....

    Father: Son, the fire is going down. We need more fuel.

    Son: No problem, dad, we have plenty fuel.

    The son goes to the basement, and brings up another armload of hundred dollar bills to throw on the fire.

    Father: Good job, son.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Where's the stimulus?

    Quote Originally Posted by Whovian View Post
    Before someone whines... this was in the NEWS section of CNNMoney.com...

    Stimulus bill for economic recovery - what's the holdup? - Feb. 17, 2011
    the stimulus saved the GREAT RECESSION from becoming the SECOND GREAT DEPRESSION....thank god for fdr and obama

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    Re: Where's the stimulus?

    Quote Originally Posted by phattonez View Post
    inflation....boogey man of the idle rich; of no concern to the middle class

  8. #28
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    Re: Where's the stimulus?

    Quote Originally Posted by diablo45 View Post
    the stimulus saved the GREAT RECESSION from becoming the SECOND GREAT DEPRESSION....thank god for fdr and obama
    And you just know that if you vote for him, you arent going to have to worry about anything. He is going to put gas in your car, and pay your bills, and..

    .

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    Re: Where's the stimulus?

    Quote Originally Posted by VanceMack View Post
    I highly doubt it will matter...but it MIGHT be helpful if it was called by what it was: not a stimulus bill, but more deficit spending. Thats NEVER good. Especially when there is no clear cut plan on what the deficit money was spent for. We would have been better off if we had bought everyone in America a new American manufactured car or paid off their mortgage (not that we should have done it...but it would have at least BOUGHT something that would have required production (with the hope being that increased production equals increased jobs equals increased demand).
    how boubt we simply tax the privlidged?

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    Re: Where's the stimulus?

    Quote Originally Posted by VanceMack View Post
    And you just know that if you vote for him, you arent going to have to worry about anything. He is going to put gas in your car, and pay your bills, and..

    .
    no, i would simply hope he taxed the idle rich (dumb hillbilly)

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