View Poll Results: Would you support a second stimulus package?

Voters
80. You may not vote on this poll
  • Yes

    6 7.50%
  • No

    68 85.00%
  • Not sure

    6 7.50%
Page 5 of 10 FirstFirst ... 34567 ... LastLast
Results 41 to 50 of 97

Thread: Would You Support a Second Stimulus Package?

  1. #41
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 06:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: Would You Support a Second Stimulus Package?

    Quote Originally Posted by Ethereal View Post
    What the hell do economists know? Where were their crystal balls before the collapse of the housing industry and the financial sector? These nitwits couldn't predict their way out of a wet paper bag.
    Uhh since when were economists required to peer into crystal balls and predict the exact timing of recessions? Most economists prefer to discuss POLICIES. There is a bit more to the profession than what you see on Mad Money.
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  2. #42
    Guru
    tlmorg02's Avatar
    Join Date
    Nov 2007
    Location
    Louisville, Ky
    Last Seen
    07-23-15 @ 09:48 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    3,347

    Re: Would You Support a Second Stimulus Package?

    Enough is enough with the spending. Our deficit is going to baloon to the point that it will take five dollars to equal a euro.

  3. #43
    Sage
    gunner's Avatar
    Join Date
    Dec 2007
    Location
    uk
    Last Seen
    Today @ 08:50 AM
    Gender
    Lean
    Progressive
    Posts
    5,756

    Re: Would You Support a Second Stimulus Package?

    Quote Originally Posted by Dav View Post
    There is no evidence that this crash is going to last any longer than all the other crashes in history.
    Correct. But, there is NO evidence to suggest it will finish any sooner...than previous crashes. Don't get me wrong i,m not suggesting 'all out bail out' i just feel stimulus in the right areas can soften the decline, but certain industries could do with a serious trimming, and should be allowed to go to the wall.

    Paul
    Europe is in the midst of disaster, only, they do not realize.

  4. #44
    Banned G.I. Joe's Avatar
    Join Date
    Jul 2009
    Last Seen
    08-09-09 @ 02:23 AM
    Lean
    Undisclosed
    Posts
    247

    Re: Would You Support a Second Stimulus Package?

    I'm sorry but you would have to literally either be an idiot or clinically insane to believe that a 3rd stimulus would benefit America.

  5. #45
    Banned
    Join Date
    Sep 2005
    Location
    Chicago
    Last Seen
    04-02-15 @ 04:08 PM
    Gender
    Lean
    Libertarian
    Posts
    8,211

    Re: Would You Support a Second Stimulus Package?

    Quote Originally Posted by Kandahar View Post
    We didn't have ten years of Depression. We had four years of Depression under Hoover, and the economy bottomed out almost immediately after the New Deal began. (June/July 1933 was the bottom.) Then we had a successful stimulus program for several years, during which the economy boomed. And in 1936, FDR decided that the Depression was over and reversed some of his spending...which was followed by another brief recession. This, of course, was followed by several more years of massive spending and a booming economy as we prepared for WWII.
    Unemployment was at 14.3% in 1937. I'd hardly call that "booming". Only AFTER we started the buildup to WWII did unemployment reach consistently low levels.

    Really. How was it not a stimulus?
    I didn't say the buildup to WWII wasn't a stimulus to the economy, it most certainly was. I'm saying it wasn't a government stimulus plan, and yes, there is a difference.

    Perception is arguably more important to economic recovery than the actual spending. WWII provided Americans - employers and employees alike - with three crucial elements for economic growth:

    1. Unity of purpose.
    2. A tangible and real demand for products and services.
    3. A sustainable method for supplying those products and services.

    Government stimulus plans lack all three of these components. But let's, for the sake of argument, assume that any old spending will do and that a stimulus plan which mirrors the spending plan of WWII would result in a successful economic recovery commensurate with the recovery of the 1940's.

    As a percentage of GDP we'd have to spend around 30-40% over approximately five years in order to replicate the kind of spending that was characteristic of WWII [1].



    So, unless you plan on spending approximately 5 trillion dollars per year for the next five years, I don't think you've got much of an argument.

    [1] - The National Budget, Debt & Deficit

  6. #46
    Banned
    Join Date
    Sep 2005
    Location
    Chicago
    Last Seen
    04-02-15 @ 04:08 PM
    Gender
    Lean
    Libertarian
    Posts
    8,211

    Re: Would You Support a Second Stimulus Package?

    Quote Originally Posted by Kandahar View Post
    Uhh since when were economists required to peer into crystal balls and predict the exact timing of recessions?
    They aren't required to do anything except pontificate and postulate. I won't hold their inability to predict the future against them (I'm a nice guy like that), but so long as they are incapable of such I'm disinclined to take their predictions about anything seriously, hence my derisive attitude towards anyone who supports their personal opinion with the personal opinion of an economist.

    Most economists prefer to discuss POLICIES. There is a bit more to the profession than what you see on Mad Money.
    Yes, and they also like to tell people how those POLICIES will work in THE FUTURE. Since you and I both know they cannot predict THE FUTURE we must disregard their advice as nothing more than a self-serving opinion.
    Last edited by Ethereal; 07-07-09 at 05:57 PM.

  7. #47
    Sage
    Join Date
    Jan 2009
    Last Seen
    08-27-09 @ 06:41 PM
    Lean
    Undisclosed
    Posts
    6,344

    Re: Would You Support a Second Stimulus Package?

    Quote Originally Posted by Kandahar View Post
    Uhh since when were economists required to peer into crystal balls and predict the exact timing of recessions? Most economists prefer to discuss POLICIES. There is a bit more to the profession than what you see on Mad Money.
    Of course they prefer to discuss policy. Nice and safe discussion, especially since they don't bear any accountability for policy.

    Of course, since they have no crystal ball and cannot predict the results of their policy pontifications with any greater accuracy than the rest of us, they are of damned little use in dealing with a recession.

    They make great historians and passable analysts, but they're useless for just about everything else.

  8. #48
    Banned
    Join Date
    Sep 2005
    Location
    Los Angeles
    Last Seen
    09-22-10 @ 02:36 AM
    Gender
    Lean
    Independent
    Posts
    11,430

    Re: Would You Support a Second Stimulus Package?

    Quote Originally Posted by Dav View Post
    There is no evidence that this crash is going to last any longer than all the other crashes in history.
    "...combined." You forgot to say "all the other crashes in history combined."

    Little word.

    Means much.

    There's not a shred of evidence that it's going to be shorter.

    Given that your Messiah is doing absolutely everything he can to make it last as long as possible, and it's perfectly possible that we won't come out of it at all.

    When he's finished destroying our automobile industry, how does anyone in America start up something to compete with Toyota or Yugo? Tariifs, trade embargos, sanctions? How?

    When he's finished destroying the US health care industry, how does it recover? More spending? From what source, since we're spending on someone else's credit now? And spending on what?

    When the nation finally discovers that it's simply impossible to generate efficient terawatts of power from nature's blowjobs, how do we restart the industries your Messiah destroyed?

    Right now, the nation is outsourcing unskilled labor.

    What happens when the nation's engineers start learning Mandarin and emigrating?

  9. #49
    Banned
    Join Date
    Sep 2005
    Location
    Chicago
    Last Seen
    04-02-15 @ 04:08 PM
    Gender
    Lean
    Libertarian
    Posts
    8,211

    Re: Would You Support a Second Stimulus Package?

    Quote Originally Posted by Scarecrow Akhbar View Post
    When the nation finally discovers that it's simply impossible to generate efficient terawatts of power from nature's blowjobs, how do we restart the industries your Messiah destroyed?


    Whoa, I was cracking up when I read that.

  10. #50
    Shankmasta Killa
    TacticalEvilDan's Avatar
    Join Date
    Feb 2008
    Location
    Western NY and Geneva, CH
    Last Seen
    08-30-15 @ 02:51 PM
    Gender
    Lean
    Other
    Posts
    10,444

    Re: Would You Support a Second Stimulus Package?

    I thought a good blowjob involved sucking.
    I'm already gearing up for Finger Vote 2014.

    Just for reference, means my post was a giant steaming pile of sarcasm.

Page 5 of 10 FirstFirst ... 34567 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •