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. #31
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    Re: The Stimulus failed, including that $282 Billion in tax cuts

    Quote Originally Posted by LaMidRighter View Post
    You're kidding right? Up 200, then down 250, then down 50, then up 2, then down 300. Going from 7500pts to 11k and then receding back under within months. You call that stable?
    The charts do not share your same enthusiasm. The S&P has been prime for a 10%-15% pullback since August 2009. As you see (despite a spike as of recently), we have converged to normal volatility levels.



    Also, you did not answer my question. What has been the largest pullback since the March 2009 lows?
    Last edited by Kushinator; 04-28-10 at 02:24 PM.
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  2. #32
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    Re: The Stimulus failed, including that $282 Billion in tax cuts

    For some reason, my chart did not show up even though it did in the preview.

    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  3. #33
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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.

    The stimulus helped (although a larger stimulus would have been optimal yet impossible given the politics displayed by the party of no).
    I never heard of a libertarian that supported the stimulus.



  4. #34
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    Re: The Stimulus failed, including that $282 Billion in tax cuts

    Quote Originally Posted by TurtleDude View Post
    I never heard of a libertarian that supported the stimulus.
    If you are part of the Chicago School of Economics, the divide between Keynesian economics is not as great as you think. Some Chicago school boys may argue that stimulus is necessary.

    Put bluntly, Goldenboy rejects Austrian-School heterodox economic principles, and wholeheartedly rejects the business-cycle theory in place of the Friedman Plucking model of GDP. He believes in aggregates or macro economic theory.

  5. #35
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    Re: The Stimulus failed, including that $282 Billion in tax cuts

    I can't honestly answer the question because evidence is insufficient to make a judgment.

    I speculate the answer is 'yes'. At the least, it helped slow the free fall by keeping money flowing. Whether it will help create jobs in the foreseeable future remains to be seen.
    Last edited by Morality Games; 04-29-10 at 04:08 PM.
    If you notice something good in yourself, give credit to God, not to yourself, but be certain the evil you commit is always your own and yours to acknowledge.

    St. Benedict

  6. #36
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    Re: The Stimulus failed, including that $282 Billion in tax cuts

    I think the Americans had the right idea. I think I'm right in saying that in the US the feds effectively just sent wrote cheques worth $600 back to every tax payer in the country? Apologies if I got the numbers wrong.

    In the UK the douche bags in charge cut VAT by 2.5% in the hopes of stimulating the economy. The whole thing cost us 17 billion. I don't know about you but a 2.5% in price reduction has never caused me to buy anything in my life. So demand stayed the same but we had to add on enough money to pay for half the Ministry of Defence for a year to the national debt

    Total farce.

    That said, I'd be interested to see some numbers on how much of that 600 bucks was spent on consumption rather than paying down debt or increasing savings....

    S

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

    Quote Originally Posted by obvious Child View Post
    Vote b*tches.
    I was going to post but really you had stated a good response to your question already.

    Quote Originally Posted by obvious Child View Post
    He's trying to be cute.
    Quote Originally Posted by obvious Child View Post
    His post is completely irrelevant
    Nice cute strawman and completely illogical bait thread.

    If I say "I'm going to start eating healthy by eating more salads" and then I start having salads, as a side dish to things like a huge porterhouse steak with a baked potato filled with everything under the son and huge rolls that are dripping with butter are you going to go...

    "Well, did your eating salads help you get healthier? It didn't than obviously eating salads does not help make one more healthy"


  8. #38
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    Re: The Stimulus failed, including that $282 Billion in tax cuts

    Quote Originally Posted by Zyphlin View Post
    Nice cute strawman and completely illogical bait thread.
    Thanks department of the obvious!

    The stimulus was roughly 33% tax cuts. So calling the whole damn thing a failure and in its place calling for tax cuts is like saying tax cuts failed, so let's have more tax cuts.

    Were there other parts to the stimulus? Absolutely. But you know just as well as I do that more then a few people called the whole thing, tax cuts and all, a failure while calling for tax cuts as a better alternative.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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

    And as I said, if I say "I'm going to start dieting and get healthy" and my new diet consists of Salad (but rather than a really healthy one like you'd think I put a bunch of ranch and crutons on it), Meat Lovers Pizza, and Super Sized #10 McDonalds Value Meal when I gain a ton of wait despite my "Diet" I and others would probably say "Wow, your diet completely failed".

    Does that mean the next time I diet that I SHOULDN'T have salad...because, you know, it was 33% of my diet food. Absolutely not, it was the fact that simply eating Salads wasn't going to off set the damage (especially when it wasn't really that good of a salad) that all the other stuff was doing. However Salad could still be an intigral part to your bodies health in a more balanced diet, and if you do a more beneficial salad.

    Which is why your idiotic notion that people saying the Stimulus has Failed somehow proves they feel "Tax Cuts" in general fail.

  10. #40
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    Re: The Stimulus failed, including that $282 Billion in tax cuts

    Quote Originally Posted by Zyphlin View Post
    Which is why your idiotic notion that people saying the Stimulus has Failed somehow proves they feel "Tax Cuts" in general fail.
    Comparing the stimulus pieces to ones diet trends is off base. Reason be, you are associating "fat and cholesterol" with fiscal spending, and associating "salads" with tax deductions. In a zero bound interest rate environment, tax cuts will definitely have a negative multiplier effect due to deflationary fears (lack of monetary velocity). It is for this reason alone that fiscal spending is more effective in this environment, it begins to stimulate monetary velocity.

    If anything, you should reverse your roles between salad and fatty foods
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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