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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

    Quote Originally Posted by phattonez View Post
    I'm not trying to debunk the multiplier, just showing that money is better spent by consumers and producers.
    Well, of course it is. But they aren't spending enough now, because too many have no jobs, and the rest are afraid they will lose them so they are hoarding their cash. That's why the government temporarily steps in.

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

    Quote Originally Posted by misterman View Post
    Well, of course it is. But they aren't spending enough now, because too many have no jobs, and the rest are afraid they will lose them so they are hoarding their cash. That's why the government temporarily steps in.
    The government never, and I mean NEVER, "temporarily steps in"!

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

    Quote Originally Posted by misterman View Post
    Well, of course it is. But they aren't spending enough now, because too many have no jobs, and the rest are afraid they will lose them so they are hoarding their cash. That's why the government temporarily steps in.
    "Hoarded" means it is saved, and what is the function of saved money?

    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 Goldenboy219 View Post
    The bold is a vital aspect of the fiscal multiplier.
    I'm going over the problem that you're alluding to with misterman right now.

    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 Jackboot View Post
    The government never, and I mean NEVER, "temporarily steps in"!
    More lame platitudes.

    Yes, the government does step in temporarily and then shuts down a program when it is no longer needed or cannot be sustained. You just don't remember those because they are gone.

    You think this stimulus will become a permanent program? Really?

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

    Quote Originally Posted by phattonez View Post
    "Hoarded" means it is saved, and what is the function of saved money?
    You tell me, and I'll tell you why it also doesn't matter in a deep recession.

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

    Quote Originally Posted by misterman View Post
    More lame platitudes.

    Yes, the government does step in temporarily and then shuts down a program when it is no longer needed or cannot be sustained. You just don't remember those because they are gone.

    You think this stimulus will become a permanent program? Really?
    Yes, this is why many states fought the stimulus in the first place.

    O.k....you're up....

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

    Quote Originally Posted by misterman View Post
    You tell me, and I'll tell you why it also doesn't matter in a deep recession.
    I already told you and you agreed with me that not all companies are failing during a recession right?

    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 phattonez View Post
    "Hoarded" means it is saved, and what is the function of saved money?
    Again your error is in regards to time frame. Savings fuels long run growth.
    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 Jackboot View Post
    Yes, this is why many states fought the stimulus in the first place.

    O.k....you're up....
    So? They were wrong just like you are. Funny how they are all taking the money now. Why don't they just refuse it?

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