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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
    Let's not forget that the jobs that are being "created" are temporary, like construction jobs. If it was careers, it wouldn't be so bad, but these are jobs that sometimes don't even last 2 years. Also, some of these jobs aren't even producing any wealth, like construction that isn't even necessary.
    It's a stimulus. It will help create other jobs, which create other jobs, and so on, until there are permanent ones.

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

    the stimulus failed

    ask both those invited and those excluded from the ad-lib administration's jobs summit

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

    Quote Originally Posted by misterman View Post
    It's a stimulus. It will help create other jobs, which create other jobs, and so on, until there are permanent ones.
    Newsflash: the government can't do that...
    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
    It's a stimulus. It will help create other jobs, which create other jobs, and so on, until there are permanent ones.
    So wouldn't letting consumers spend, since they spend money more efficiently, lead to even more jobs than government spending?

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    "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 apdst View Post
    Newsflash: the government can't do that...
    Sure it can.

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

    Quote Originally Posted by phattonez View Post
    So wouldn't letting consumers spend, since they spend money more efficiently, lead to even more jobs than government spending?
    Not in a recession, because they won't spend it. They'll hold onto it because they are scared of losing their jobs. And more important, as the critics like to point out, this is borrowed money the government is spending. Consumers don't have all that cash and can't or won't go borrowing it.

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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.
    No it can't. Where is government going to get the money? Hello?!?
    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
    No it can't. Where is government going to get the money? Hello?!?
    The stimulus is the money. I was describing the multiplier effect. Create jobs directly with government money, and those workers go out and spend the money, creating more jobs, and so on. The total jobs created is greater than the ones created directly by government funds. That's the point of a stimulus. That's why they call it a stimulus.

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

    Quote Originally Posted by misterman View Post
    Not in a recession, because they won't spend it. They'll hold onto it because they are scared of losing their jobs. And more important, as the critics like to point out, this is borrowed money the government is spending. Consumers don't have all that cash and can't or won't go borrowing it.
    That's right and as long as the current government is threatening to pass legislation that will kill jobs, they are going to spend any money, hence the economy isn't going to improve.

    How's that Hoax-n-Change working out?
    Last edited by apdst; 12-08-09 at 11:24 PM.
    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
    Not in a recession, because they won't spend it.
    You're suggesting that spending won't increase as purchasing power rises? Are you of the Keynesian school?



    They'll hold onto it because they are scared of losing their jobs.
    They still have to spend money. More money equals more spending, especially in the aggregate.

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