View Poll Results: The Stimulus failed, including that $282 Billion in tax cuts

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  • Yes, the stimulus failed, including its huge amount of tax cuts

    14 43.75%
  • No, it didn't fail and the tax cuts helped

    18 56.25%
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Thread: The Stimulus failed, including that $282 Billion in tax cuts

  1. #11
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    Re: The Stimulus failed, including that $282 Billion in tax cuts

    I suppose it depends on how one defines "success".
    Wow. Am I awesome or what?

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    Re: The Stimulus failed, including that $282 Billion in tax cuts

    Don't do nuance much, do you?

    Of your two extremist choices, I choose neither, as neither even begin to address the complexity of the situation. But it does fit on a bumpersticker which is enough for the low information crowd, I guess.


  3. #13
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    Re: The Stimulus failed, including that $282 Billion in tax cuts

    In order to say something is a "success" or "failure" you need to define what success is. Then, of course, you also need to ask the question: Regardless of whether success was acheived was it worth it?
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  4. #14
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    Re: The Stimulus failed, including that $282 Billion in tax cuts

    Quote Originally Posted by Cilogy View Post
    I say we wait about 5 years.

    The economic failure in 2008 occurred in less than a year, recovery always takes much longer.
    False, if that were the case there would be no such thing as a bull market. TARP I and TARP II were miserable failures as predicted.
    Neither side in an argument can find the truth when both make an absolute claim on it.

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    Re: The Stimulus failed, including that $282 Billion in tax cuts

    Quote Originally Posted by stekim View Post
    In order to say something is a "success" or "failure" you need to define what success is. Then, of course, you also need to ask the question: Regardless of whether success was acheived was it worth it?
    Fair enough. Success would be at minimum a stable market, this one is bouncing all over the place. Rampant success would be a smaller bull market with fewer bubbles and consistent daily gains, probably not gonna happen. Failure would be a "jobless recovery" or at worst a rudderless economy bouncing all over the place.....check on both counts.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

  6. #16
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    Re: The Stimulus failed, including that $282 Billion in tax cuts

    Quote Originally Posted by jallman View Post
    No, actually, I am saying that if we remain number one in GDP and don't fall behind in economic output and quality of life, I'll consider it a success.
    GDP is not representative of either economic output or quality of life IMO. Look at Greece and Argentina. I know that you're not relating them - I'm just wondering what GDP is representative of as far as the economy. I think while in some cases it is representative of how well people in that society live but not today. There are too many countries with what would seem like great GDPs who are just drowning in debt and have unemployment which would make American unemployment rates seem like a joke in comparison. I'll admit my knowledge of just how the economy works in most cases is inept but I do not think GDP is really that great of an indicator for quality of life.
    Last edited by Hatuey; 04-27-10 at 11:53 AM.
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  7. #17
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    Re: The Stimulus failed, including that $282 Billion in tax cuts

    Quote Originally Posted by Hatuey View Post
    GDP is not representative of either economic output or quality of life IMO. Look at Greece and Argentina. I know that you're not relating them - I'm just wondering what GDP is representative of as far as the economy. I think while in some cases it is representative of how well people in that society live but not today. There are too many countries with what would seem like great GDPs who are just drowning in debt and have unemployment which would make American unemployment rates seem like a joke in comparison. I'll admit my knowledge of just how the economy works in most cases is inept but I do not think GDP is really that great of an indicator for quality of life.
    I'd say it is when you combine the stat with unemployment rate and the rate of taxation. Of course, that's all couched in the context of economy.

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    Re: The Stimulus failed, including that $282 Billion in tax cuts

    Quote Originally Posted by Goldenboy219 View Post
    I did not need to say anything. Just pointing out your errors in regards to the subject matter.
    OK, well I'm glad you feel accomplished. Whatever it takes to get you through it, pal.

  9. #19
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    Re: The Stimulus failed, including that $282 Billion in tax cuts

    You have to define the goal of the stimulus in order to determine whether or not it failed.

  10. #20
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    Re: The Stimulus failed, including that $282 Billion in tax cuts

    Quote Originally Posted by LaMidRighter View Post
    Fair enough. Success would be at minimum a stable market, this one is bouncing all over the place. Rampant success would be a smaller bull market with fewer bubbles and consistent daily gains, probably not gonna happen. Failure would be a "jobless recovery" or at worst a rudderless economy bouncing all over the place.....check on both counts.
    Bouncing all over the place? Please demonstrate such volatility, as i have seen a bull market of unprecedented parallel.

    What has been the maximum pullback since the March lows of 2009? Keep in mind i trade volatility. A wall of liquidity has ushered such a run.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
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