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

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

    The more money people have the more generous they prone to be. We don't need the Government to force generosity.

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

    Quote Originally Posted by phattonez View Post
    Because government doesn't know what we want as well as we do, so it won't be as efficient as we would be with our own money.
    You need to go look up "multiplier effect."

    It isn't the government spending money in the multiplier effect, it's people who are earning money working those stimulus jobs. THOSE people are private citizens spending it however they want.

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

    [quote=misterman;1058414102]
    Quote Originally Posted by apdst View Post

    Did it occur to you that the people SELLING the necessities will go buy cars and boats? And then the people SELLING the cars and boats will go buy more stuff? And so on?

    Multiplier effect. Basic economics.
    No, they won't. Only selling neccessities and no big ticket items will leave them with no disposable income. Do you think Wal Mart got so big by selling toilet paper, tooth paste and porkchops? No, they make money by selling $1,000 TV's and selling a bunch of them.
    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

    Here's a great story about the multiplier effect and the stimulus:

    Decoder: The 'multiplier effect' | Marketplace From American Public Media

    The story acknowleges, as I do, that there are no guarantees it will work and it is tricky to get it right.

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

    Quote Originally Posted by misterman View Post
    You need to go look up "multiplier effect."

    It isn't the government spending money in the multiplier effect, it's people who are earning money working those stimulus jobs. THOSE people are private citizens spending it however they want.
    There's no way that the government can lower the unemployment rate with stimulus jobs.
    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=apdst;1058414120]
    Quote Originally Posted by misterman View Post

    No, they won't. Only selling neccessities and no big ticket items will leave them with no disposable income. Do you think Wal Mart got so big by selling toilet paper, tooth paste and porkchops? No, they make money by selling $1,000 TV's and selling a bunch of them.
    So Wal-Mart employees aren't paid?

    Toilet paper, toothpaste, and porkchop makers make no profit on their goods? They don't pay loggers to supply pulp for toiletpaper and pig farmers for meat?
    Last edited by misterman; 12-10-09 at 02:45 PM.

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

    Quote Originally Posted by apdst View Post
    There's no way that the government can lower the unemployment rate with stimulus jobs.
    Wow, thanks for that insightful, well-reasoned argument.

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

    Quote Originally Posted by misterman View Post
    Here's a great story about the multiplier effect and the stimulus:

    Decoder: The 'multiplier effect' | Marketplace From American Public Media

    The story acknowleges, as I do, that there are no guarantees it will work and it is tricky to get it right.
    Then why not stick with something that has a higher success rate (Whatever that might be)? It just seems to me like an unnecessary risk in a time where we can't afford to tank after taking a gamble like this...

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

    [quote=misterman;1058414127]
    Quote Originally Posted by apdst View Post

    So Wal-Mart employees aren't paid?
    Those are low end jobs. All you're advocating is paying low end jobs with other low end jobs.
    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
    There's no way that the government can lower the unemployment rate with stimulus jobs.
    They could, but it would be temporary. The government would have to create a self sustaining industry to create long term jobs. All these stimulus jobs are temporary jobs that won't last more than 2 years. Now, in those 2 years can someone use the income to try and score a better job, maybe, but I don't the Government isn't betting on this...

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