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Thread: LA Times: Obama stimulus spending: $246,436 per new job

  1. #141
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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by phattonez View Post
    What a strawman! And an appeal to popularity! A boat load of logical fallacies.
    Nothing to do with popularity, only merit. Name something credible they have published in the last 25 years?

    It has been intervening, but before, they used to cut taxes and spending. Now they like to increase spending.
    Again, an absolutist attitude and policy is harmful. During periods of increasing inflation and unemployment, tax reductions are the better solution (supply side). There is no such thing as a silver bullet.

    Why did we switch from a plan that worked so well for so many years?
    Oh do bring us the full reserve success rate
    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

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by misterman View Post
    No, not at all, but in a way that's basically how the whole economy works, dude. In a much bigger circle, but that's how it works. You buy, someone else gets paid. They buy, and someone else gets paid. And so on. Value is added along the way. The government is simply buying, and starting that process again.

    The government can't create wealth. The government can't make money. I don't care how much buying the government does, all that will take place, is takingthe money from one hand, putting it in another, then returning back to the original hand it came from. It's not going to work. But, hey, don't take my word for it; wait till the economy still hasn't recovered by 2012 and your boy is packing his **** to go back to Chicago.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by misterman View Post
    No, it's because tax cuts go mostly to the wealthy, who are less likely to spend the money immediately. They will stash it away. We need spending, now.

    So, the Libbos's strategy to stimulate spending, "now", is to scare the **** out of businesses and consumers alike with crazy ass taxes? That's brilliant!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by apdst View Post
    The government can't create wealth.
    Sure it can. Why not?

    I don't care how much buying the government does, all that will take place, is takingthe money from one hand, putting it in another, then returning back to the original hand it came from.
    That's absurd.

    The government spends money on a road. People get paid, and a road is built.

    How is that any different from any other wealth creation?

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by apdst View Post
    So, the Libbos's strategy to stimulate spending, "now", is to scare the **** out of businesses and consumers alike with crazy ass taxes? That's brilliant!
    Where the hell do you get this stuff?

  6. #146
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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by misterman View Post
    You know what? Enough with the "appeal to authority" thing. Bringing up economists simply means that people have spent alot more time studying and documenting and calculating this stuff than any of us, so you can't just dismiss it without checking that out. We are a bunch of amateurs arguing about stuff we don't fully understand, and we are smart to keep that in mind.
    Are you aware that not all economists agree on everything? A consensus does not mean that you have reached truth.

    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: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by misterman View Post
    Huh? I can't think of one. You're smart, tell me. How does a bank that must keep all its cash in reserve make loans?
    Obviously to start, you have to be a little loose with your 100% reserve requirement so that you can at some point get above 100% and lend those excess reserves.

    Right now though, we have FDIC, the Federal Reserve, and a federal (I think) reserve ratio requirement. All of this serves to get a reserve ratio much lower than we would have with free banking.

    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: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by misterman View Post
    Sure it can. Why not?
    How does government make money?



    That's absurd.

    The government spends money on a road. People get paid, and a road is built.

    How is that any different from any other wealth creation?
    You're not going to get the unemployment rate back to 5% again by building a few roads.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by Goldenboy219 View Post
    Nothing to do with popularity, only merit. Name something credible they have published in the last 25 years?
    Just again an appeal to populatiry.

    Again, an absolutist attitude and policy is harmful. During periods of increasing inflation and unemployment, tax reductions are the better solution (supply side). There is no such thing as a silver bullet.
    I have no problem with decreasing taxes since this would decrease the burden of government. However, if you increase government spending while doing this then you haven't really accomplished anything.

    Oh do bring us the full reserve success rate
    We would have that or something very close to it with free banking since people would lose confidence in those banks that did not have it.

    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: LA Times: Obama stimulus spending: $246,436 per new job

    Quote Originally Posted by misterman View Post
    Where the hell do you get this stuff?
    Well, I just happen to live in the real world. I run my own business. Do you actually think I'm going to borrow money and hire more people in this economic environment, get slapped with idiotic health care taxes just so I can get a $3,000 tax credit? No, I'm not and neither is anyone else.

    Besides, I have a oilfield service business. Last time I checked, PBO isn't bailing out oilfield companies. He's doing more to run us out of business than anything else.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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