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

  1. #111
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    Re: You can't spend your way out of a recession

    I wonder how much of this is due to our basic lack of an industrial base. I mean, if I go to the store and buy some shoes, it is likely that the shoes were made in China by a Japanese-owned company. While some of my money goes to the store and the trucking company, a fair bit of my money is also going to China and Japan. All the money that they don't invest back into American business basically leaks out of the system as I understand it. It seems to me that this is probably one of our bigger problems, but I'm not a huge expert in economics. Just throwing it out there.
    The Makeout Hobo is real, and does indeed travel around the country in his van and make out with ladies... If you meet the Makeout Hobo, it is customary to greet him with a shot of whiskey and a high five (if you are a dude) or passionate makeouts (if you are a lady).

  2. #112
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by the makeout hobo View Post
    I wonder how much of this is due to our basic lack of an industrial base. I mean, if I go to the store and buy some shoes, it is likely that the shoes were made in China by a Japanese-owned company. While some of my money goes to the store and the trucking company, a fair bit of my money is also going to China and Japan. All the money that they don't invest back into American business basically leaks out of the system as I understand it. It seems to me that this is probably one of our bigger problems, but I'm not a huge expert in economics. Just throwing it out there.
    So what? These places wouldn't do things for us unless we did things for them. Mercantilism died a long time ago.

    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

  3. #113
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by obvious Child View Post
    Disarry? Come again? By the early 70s, the US could have stopped the primary threat.



    Therefore, government spending did create jobs. Thanks for admitting your earlier position is wrong.



    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."



    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.
    The US military equipment was out of date and archaic. The defense spending placed an order for aircraft, tanks, ships, equipment. And yes...that caused the creation of jobs. And if the government was doing that today, then we would be having an increase in jobs and a reduction in unemployment.

    That is NOT what is happening. The fed is 'just' spending money on programs and offering moeny to governments that are NOT functioning. For example...the fed offered stimulus money to California to pay for 45,000 employees of the University of California school system. Now...why were those 45k jobs at risk? And once trhe stimulus money was spent, arent those 45k jobs STILL at risk? And arent we know just another trillion in real debt in the whole with NO new and sustainable jobs to show for it?

    The jobs 'saved' by the stimulus plan end when the money supply ends. They have not created anything-they put off unemoployment for a year and tacked a trillion in debt onto the national debt...and have just raised the debt ceiling yet AGAIN because they KNOW it isnt working. You are either deliberately ignorant or truly too stupid to understand how an economy actually works.

    Jobs have to be SUSTAINABLE. The defense spending jobs of the 80s were sustainable, and those NEW employees were consumers...they had every confidence that their jobs were suistainable and their income potential was secure. They became viable consumers.

  4. #114
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by the makeout hobo View Post
    I wonder how much of this is due to our basic lack of an industrial base. I mean, if I go to the store and buy some shoes, it is likely that the shoes were made in China by a Japanese-owned company. While some of my money goes to the store and the trucking company, a fair bit of my money is also going to China and Japan. All the money that they don't invest back into American business basically leaks out of the system as I understand it. It seems to me that this is probably one of our bigger problems, but I'm not a huge expert in economics. Just throwing it out there.
    The collapse of our industrial base is THE primary source of our problem.

  5. #115
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by obvious Child View Post
    I just counter the notion that government spending cannot reinvigorate the economy.
    By itself, or under some set of circumstances?

    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.
    It can stimulate the economy, I agree, but only as a consequence of its psychological effect on consumers and producers. The spending in WWII was accompanied by an extremely potent psychological motivator to produce and consume.

    I think there are other, more effective ways to accomplish that without increasing our deficit, empowering government, and creating bubbles.

  6. #116
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by VanceMack View Post
    The collapse of our industrial base is THE primary source of our problem.
    Wealth is not just stuff. Think about why you pay for a car wash or why you have gardeners. Wealth comes in many forms.

    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

  7. #117
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by Goobieman View Post
    Ah -- good to see you're as dishonest as ever.
    Not sure why I bothered to respond.
    And as expected, Goobieman has no actual argument. I point out how he utterly screwed up and all he can claim is I'm being dishonest.

    Let's examine the question. Notice both answers had GENERALLY in them. How Goobieman can expect anyone to think he was answering a specific time question when he answered no to a GENERALLY question is pretty insane.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  8. #118
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by VanceMack View Post
    The collapse of our industrial base is THE primary source of our problem.
    Hey kiddies, want to guess who's the largest manufacturer in the world by volume and dollar value?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  9. #119
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by obvious Child View Post
    Hey kiddies, want to guess who's the largest manufacturer in the world by volume and dollar value?
    Is it china?
    The Makeout Hobo is real, and does indeed travel around the country in his van and make out with ladies... If you meet the Makeout Hobo, it is customary to greet him with a shot of whiskey and a high five (if you are a dude) or passionate makeouts (if you are a lady).

  10. #120
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    Re: You can't spend your way out of a recession

    Quote Originally Posted by the makeout hobo View Post
    Is it china?
    Nope, the USA, in all catagories. See link here.

    There's a chart at the end of the article.

    China is second.
    Education.

    Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller

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