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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
    It's borrowed. Didn't you see what I wrote?

    Do you mean how will it be paid back?
    Either! One way, or the other, the money is going to coughed up by the private sector. As I said before, government can't create wealth. Wealth can only be created by the private sector.
    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
    Either! One way, or the other, the money is going to coughed up by the private sector. As I said before, government can't create wealth. Wealth can only be created by the private sector.
    Of course. People create wealth, when they are working. When some aren't, no wealth is created. The government can get them working again. Then they can start creating wealth again, which generates the tax revenue to cover the cost of the stimulus. And they keep working.

    Normally, the private sector borrows money and creates jobs. But it's in a slump, and it needs a shot of spending to help it recover. That's temporary. Only the government has the will and borrowing power to do that right now.

    This is basic economic theory. I don't mind one bit if you disagree with it, but don't act like it's crazy just because you don't understand it or haven't heard of it.
    Last edited by misterman; 12-09-09 at 11:42 AM.

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

    Quote Originally Posted by misterman View Post
    It's borrowed. Didn't you see what I wrote?
    FROM WHO????????

    Do you not see the most basic error in ALL of your posts? The government can not create true wealth. It has to either print it out of thin air or get it from the private sector.

    That is apdst's point. Only the private sector can produce the goods and services that create wealth. The government can only regulate it and tax it, which in turn, hurts the private sector's ability to create more wealth.

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

    Quote Originally Posted by Erod View Post
    FROM WHO????????
    From the private sector. Are you saying the government can't find money to borrow?

    Do you not see the most basic error in ALL of your posts? The government can not create true wealth. It has to either print it out of thin air or get it from the private sector.
    Print it? That's not wealth, that's money you're talking about.

    I am not saying, and never said, the government is creating wealth. The government is injecting cash into the private sector in the form of spending to get the private sector to create wealth.

    That is apdst's point. Only the private sector can produce the goods and services that create wealth. The government can only regulate it and tax it, which in turn, hurts the private sector's ability to create more wealth.
    The government can regulate, and tax - and spend too. That's all it is doing, spending. That's how it stimulates wealth creation by the private sector.

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

    the govt can get folks working again---at a quarter tril per job

    LOL!

    the private sector can do it too

    but only when it's free to act

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

    Quote Originally Posted by misterman View Post
    Of course. People create wealth, when they are working. When some aren't, no wealth is created. The government can get them working again. Then they can start creating wealth again, which generates the tax revenue to cover the cost of the stimulus. And they keep working.

    Normally, the private sector borrows money and creates jobs. But it's in a slump, and it needs a shot of spending to help it recover. That's temporary. Only the government has the will and borrowing power to do that right now.

    This is basic economic theory. I don't mind one bit if you disagree with it, but don't act like it's crazy just because you don't understand it or haven't heard of it.

    The government can't create wealth. Show me a single time, anywhere in history, where any government has created weah. You can't do it!

    No matter what the government does, the money has to come from the private sector. Until the private sector stands up on it's own two feet, he economy isn't going to improve. Don't believe me? Just watch and see.
    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 Erod View Post
    FROM WHO????????

    Do you not see the most basic error in ALL of your posts? The government can not create true wealth. It has to either print it out of thin air or get it from the private sector.

    That is apdst's point. Only the private sector can produce the goods and services that create wealth. The government can only regulate it and tax it, which in turn, hurts the private sector's ability to create more wealth.
    Thank you for putting it better than I could! Why is it so hard for Libbos to see 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 apdst View Post
    The government can't create wealth. Show me a single time, anywhere in history, where any government has created weah. You can't do it!
    You said that already. I agreed with you. What's your point?

    No matter what the government does, the money has to come from the private sector. Until the private sector stands up on it's own two feet, he economy isn't going to improve. Don't believe me? Just watch and see.
    The economy can't stand on its own two feet, not for a long long time. How will it do that? It needs a shot in the arm. The government can do that by spending more in the short term. What's so strange about that? The government is simply acting just like a private business might, if it could. The government can afford to borrow and take on debt and risk on a scale that private companies can't right now.

    Go read Keynes.

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

    Quote Originally Posted by misterman View Post
    From the private sector. Are you saying the government can't find money to borrow?



    Print it? That's not wealth, that's money you're talking about.

    I am not saying, and never said, the government is creating wealth. The government is injecting cash into the private sector in the form of spending to get the private sector to create wealth.



    The government can regulate, and tax - and spend too. That's all it is doing, spending. That's how it stimulates wealth creation by the private sector.
    All they're doing is recycling money. It ain't gonna work. That would be the same thing as an employee paying his employer, then the employer turning around and using that same money to pay the employee's salary. It ain't gonna work!!!!
    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 The Prof View Post
    the govt can get folks working again---at a quarter tril per job

    LOL!

    the private sector can do it too

    but only when it's free to act
    How is it not free to act?

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