View Poll Results: You can't spend your way out of a recession

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  • Agree, you can't (generally)

    42 44.68%
  • Disagree, you can (generally)

    52 55.32%
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Thread: You can't spend your way out of a recession

  1. #101
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Goobieman View Post
    And thus, further evidence of a inability to comprehend what you read.

    The statement was made not in the global context, but in that of the current situation, the frame of reference in which the question was asked.
    Thanks for proving you can't read. Or at least understand the question. And the question was in a global context. You disagreed that spending cannot.

    You disagreed to a global question that you can't spend your way out of A recession. Where did the question ask about THIS recession? It didn't. You are wrong (as usual).
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  2. #102
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by VanceMack View Post
    Didnt you answer your own question? Reagan built up a military that had been in disarray.
    Disarry? Come again? By the early 70s, the US could have stopped the primary threat.

    Defense spending went to contractors...not government employees. It required that the contractor PRODUCE an item or items. The contractor had to build things the government wanted. Increase PRODUCT (not service), increase in employers, increase in employees. In that sense the government was the customer.
    Therefore, government spending did create jobs. Thanks for admitting your earlier position is wrong.

    But that isnt what is being done with the stimulus money. MOST of it is going to 'save' government jobs. MOST of those jobs are at risk because the governments have mismanaged their budgets and tax base.
    One mus wonder if you even bothered to look at the stimulus. Care to venture how much of it is for actual products? Unless you think that roads and bridges aren't "real products."

    All you have to do is look at your average liberal democrat voter to see that the public school system has dramatically failed. Democrat politicians have worked hard since the 60s creating a dependent class of crippled pets.
    Actually, I look at many of the self declared righties here who bash the fed without understanding the term money velocity and realize the public schools are failures.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  3. #103
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Kandahar View Post
    Huh? From an economic perspective, we ARE already out of the recession. The economy grew at its fastest pace in several years in the second half of 2009.
    I think it's a false rally; inflated by cost-cutting measures instead of real growth. And don't forget about commercial real estate...

    I'm planning on getting out the market once it experiences fast growth, the double-dip will come right after that.

    Just a prediction of course...

  4. #104
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by VanceMack View Post
    You might want to look into the history of the country...find out what has truly built our economy. It isnt government spending...it is INDUSTRY.
    Part of which was built by government spending. Btw, look at South Korea before opening your mouth. China in its modern form as well. You seem to be completely unaware of the relationship between development via industrializing and government spending.

    We no longer have amn industrial base for our economy. We have a service base.
    Which is normal.

    The key trigger for the latest economic downturn was the housing market.
    Not really. The housing crisis by itself would not have caused this mess, particularly not a credit crisis. Housing is less then 5% of the economy. If ALL of it went bad AT ONCE, it wouldn't have caused this mess. You are ignoring the issue of extreme leverage behind those who purchased the fradulently rated securization of the mortgages. Without that, we would not be in this mess.

    Your less then educated ranting is little more then cheap amusement.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  5. #105
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by obvious Child View Post
    Okay genius, tell me, you are stating that government spending for WWII had no impact upon the economy. Furthermore, you are also stating that the rebirth of the German economy prior to WWII was not based on government spending. Furthermore, you are explicitly arguing that China's emergence from its recession had nothing to do with the large stimulus China's government passed.

    You can run away now.
    You're isolating the government spending from the circumstances under which it was spent. WWII forced virtually every American to produce more and spend more, they also had to ration and sacrifice. You can't just claim that government spending is always going reinvigorate the economy.

  6. #106
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Ethereal View Post
    You're isolating the government spending from the circumstances under which it was spent. WWII forced virtually every American to produce more and spend more, they also had to ration and sacrifice. You can't just claim that government spending is always going reinvigorate the economy.
    I never argued that it always will. I just counter the notion that government spending cannot reinvigorate the economy. Goobieman knows he's wrong. He just won't ever admit it.

    Will and has there been times such spending as failed? Yes.

    But some people here think that government cannot succeed in stimulating the economy via spending ever. Clearly, not college graduates and questionably even high school graduates.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  7. #107
    Banned Goobieman's Avatar
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by obvious Child View Post
    Thanks for proving you can't read. Or at least understand the question. And the question was in a global context. You disagreed that spending cannot.

    You disagreed to a global question that you can't spend your way out of A recession. Where did the question ask about THIS recession? It didn't. You are wrong (as usual).
    Ah -- good to see you're as dishonest as ever.
    Not sure why I bothered to respond.

  8. #108
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by obvious Child View Post
    Perhaps, but better then having no jobs and no goods.
    No, it's actually worse. Because in both situations you have no consumer goods, but at least without that government spending most people will have leisure time which is better than working.

    Also remember that the build up of wealth from rationing but high employment caused an explosion in consumer demand when the war ended.
    You mean people don't want to save irrationally forever? Interesting.

    However, rationing blew, let's not try to glorify that system. People couldn't get the things they wanted. It was only natural that a demand began to build during this time. Did it increase production? Yes, savings increases production. It was only natural that we saw a boom once rationing was lifted. However, was the tradeoff worth it? I don't think so. I'd rather see people decide via their individual time preferences (how much they decide to save in the bank vs. spending it).

    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

  9. #109
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by obvious Child View Post
    But some people here think that government cannot succeed in stimulating the economy via spending ever. Clearly, not college graduates and questionably even high school graduates.
    And they'd be wrong. They'd be better off arguing the position that the spending, though it can stimulate the economy in the short-term, is not worth it in the long-run.

    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

  10. #110
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    Re: You can't spend your way out of a recession

    We will wait and see what happens if this is possible,in 1937 the USA cut back
    in there spending and what a mess they made of it.
    So my good friends i dont no the anwser.

    all the best to the The USA, i hope they take the right path what ever it is..

    mikeey.

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