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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 misterman View Post
    I'm sure there's alot of things you are stunned to learn.

    It's basic Keynesian theory. You don't have to agree with it, but it's hardly something new.
    And it's a deeply flawed idea. You can't get something from nothing. Government spending NECESSARILY decreases private spending.

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

    The first stimulus package failed so miserably that Obama and his henchmen and women Media outlets are reporting that as rising unemployment continues to take a toll on the economy, some top aides to President Obama think a second economic stimulus package may become necessary.

    Oh I got it wrong you say? It actually worked beautifully? Then answer this dumb ass; Administration aides said $57 billion of the stimulus funds have been committed, creating 150,000 jobs, or "$380,000 a job." One would think they would be trying to keep this quiet. If this is what you call a success you're dumber than I thought.

    I'm pretty sure I could have created twice that many jobs for a bit less. Where od think the money really went?

    The Obama inner circle of disciples seem to be bent on proving that some of Einstein's quotes are accurate. Example; “The definition of insanity is doing the same thing over and over again and expecting different results." That covers the stimulus insanity.

    Then we have the Einstein quote; "Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius -- and a lot of courage -- to move in the opposite direction." This covers the "Obama I Dont' Care About Your Health Kill Granny Plan" and points to what I have been saying right along that our problems could be addressed with Common sense.

    Einstein says: "Common sense is the collection of prejudices acquired by age eighteen." Coke freaks don't have sense common or other wise, so guess who gets left out here?

    I know, I know some idiot is going to claim this is a Fox News conspiracy, or I made it up or it's that damn Rush Limbaugh, Glenn Beck, or other right wing treachery at work. Well it's much worse than that. Prepare for a confession.

    I find it openly being talked about where? Well I hate to break it to you wacko Socialist/Commie lovers because it 's from the Communist News Network; Nancy Pelosi open to second stimulus package - CNN.com being said by whom? None other than the female idiot and Liar in Chief Nancy Pelosi.

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

    Quote Originally Posted by phattonez View Post
    And it's a deeply flawed idea. You can't get something from nothing. Government spending NECESSARILY decreases private spending.
    You clearly don't understand the theory. It's one thing to disagree with it, but you don't even get it.

    Government spending doesn't decrease private spending. It puts cash that is sitting around anyway, not being spent, and spends it.

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

    Quote Originally Posted by misterman View Post
    You clearly don't understand the theory. It's one thing to disagree with it, but you don't even get it.

    Government spending doesn't decrease private spending. It puts cash that is sitting around anyway, not being spent, and spends it.
    So you're saying that it takes money away from savings? Then tell me genius, how do the people whose savings just got depleted react?

    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
    So you're saying that it takes money away from savings? Then tell me genius, how do the people whose savings just got depleted react?
    Nobody's savings is depleted.

    The government borrows money to get it out in the economy again. It works just like with a bank. You put your money in, and someone borrows it and spends it on business activity. Nothing unusual about that, and nobody's savings is depleted.

    Genius.

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

    it takes money sitting around not being spent and spends it?

    LOL!

    LOLOLOLOL!

    that is THE single funniest thing i heard today

    and i hear funny stuff all day every day (i'm a teacher)

    i'll make a couple points for you

    a quarter mil per job "saved:" that sounds a bit hi, no?

    also, keynes, bless his deficit spending heart, always warned about borrowing exceeding 5% of gdp

    obama's at 14

    the new york times reported 2 saturdays ago that SERVICE on the debt, INTEREST ALONE, will SOON (2016 or 2017) reach ONE TRIL per year

    now, that's not funny

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

    Quote Originally Posted by misterman View Post
    Nobody's savings is depleted.

    The government borrows money to get it out in the economy again. It works just like with a bank. You put your money in, and someone borrows it and spends it on business activity. Nothing unusual about that, and nobody's savings is depleted.

    Genius.
    Until those loans don't get paid back...

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

    Quote Originally Posted by The Prof View Post
    it takes money sitting around not being spent and spends it?
    Yeah, see, I don't have time to educate you, so don't bother me.

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

    Quote Originally Posted by misterman View Post
    Nobody's savings is depleted.

    The government borrows money to get it out in the economy again. It works just like with a bank. You put your money in, and someone borrows it and spends it on business activity. Nothing unusual about that, and nobody's savings is depleted.

    Genius.
    So then you want to talk about loans? So when government borrows all of this money, what happens to the private company's ability to get a loan?

    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 EpicDude86 View Post
    Until those loans don't get paid back...
    We're not talking about Reagan and Bush's tax cuts here.

    The problem with Keynes is that it should involve tax increases and spending cuts in good times, but somehow that never quite happens. I'm not a hardcore Keynesian and that's partly why, but at least I understand the damn theory and don't go around making wild goofy comments about it based on nothing more than ignorance, like some people here. This is just like the whole 14th amendment thing all over again. I don't mind people disagreeing, but damn, don't insist you're right based on what you don't know.

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