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LA Times: Obama stimulus spending: $246,436 per new job

Why did the war end the depression and the New Deal didn't?

Because the New Deal, like the first stimulus, was far too small to deal with the core.

Listen to the most conservative man on this segment (@ 4 minutes 30 seconds into the clip)........... one year ago!


[ame="http://www.youtube.com/watch?v=pzz35yJXdfo"]YouTube- John Browne - CNBC - CNBC Reports - 11/21/08[/ame]
 
How does a war create certainty?

Because, with a war, companies know that demand will be created. In January of 1942, casket companies knew there was going to be a demand for their product and they went out and bought up ****loads of materail. Auto plants and shops that were capable of mass producing weapons and ammunition knew there was going to be a demand, so they went out and purchsed tools and material.

What market, and/or demand did the New Deal, or the Porkulus package create. Can't wait to hear this.
 
Because the New Deal, like the first stimulus, was far too small to deal with the core.

Listen to the most conservative man on this segment (@ 4 minutes 30 seconds into the clip)........... one year ago!


YouTube- John Browne - CNBC - CNBC Reports - 11/21/08

BS, it was too small. It wouldn't have made a difference, no matter how big it was.

I'll ask yet again...where does the government get it's money from??????????????????
 
BS, it was too small. It wouldn't have made a difference, no matter how big it was.

I'll ask yet again...where does the government get it's money from??????????????????

The government gets its funds via taxation and borrowing. However, you are setting yourself up with a "no true scottsman" fallacy. We can then take your statement to the private sector, arguing, "where do businesses get their money?" fully assuming that only people, the citizenry only create wealth.

Assume a business that is facing a zero growth outlook for the the year. If they were to borrow money to invest in efficiency driven capital, where did that money come from? We know it is borrowed :mrgreen: However, they will then be able to implement the "tools" to increase profit in the long run and grow (assuming capital depreciation is kept to a minimal).

BTW, it was too small APDST, and not centered enough on creating infrastructure. How could you disagree that $10 trillion in infrastructure spending would not generate job growth? That does not make any sense.... The new Cowboys stadium was done privately and cost a little over a billion dollars. Imagine if only 1,000 spending projects such as that (but not necessarily stadiums) were implemented within the span of three years. You have jobs, spending circulating, and new facilities/roads/bridges/infrastructure in which the "businesses " -- the citizens who create wealth -- will be more efficient because of.
 
What market, and/or demand did the New Deal, or the Porkulus package create. Can't wait to hear this.

Government spending was greater under the New Deal, or WWII? :2wave:
 
The government gets its funds via taxation and borrowing. However, you are setting yourself up with a "no true scottsman" fallacy. We can then take your statement to the private sector, arguing, "where do businesses get their money?" fully assuming that only people, the citizenry only create wealth.

Assume a business that is facing a zero growth outlook for the the year. If they were to borrow money to invest in efficiency driven capital, where did that money come from? We know it is borrowed :mrgreen: However, they will then be able to implement the "tools" to increase profit in the long run and grow (assuming capital depreciation is kept to a minimal).

BTW, it was too small APDST, and not centered enough on creating infrastructure. How could you disagree that $10 trillion in infrastructure spending would not generate job growth? That does not make any sense.... The new Cowboys stadium was done privately and cost a little over a billion dollars. Imagine if only 1,000 spending projects such as that (but not necessarily stadiums) were implemented within the span of three years. You have jobs, spending circulating, and new facilities/roads/bridges/infrastructure in which the "businesses " -- the citizens who create wealth -- will be more efficient because of.

What, by your own admission, brought the US out of the depression? It wasn't the New Deal...and...the stealfromus package won't gring us out of this recession. But, hey I know there's no way to convince you, just wait till 2012, when the economy still hasn't recovered. Who ya gonna believe, then?
 
What, by your own admission, brought the US out of the depression? It wasn't the New Deal...and...the stealfromus package won't gring us out of this recession. But, hey I know there's no way to convince you, just wait till 2012, when the economy still hasn't recovered. Who ya gonna believe, then?

The New deal, real dollar for dollar was smaller than the current stimulus package.

Big Budget Events - CNBC<--- new deal

Big Budget Events - CNBC<--- WWII

Enjoy:2razz:
 
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What market/demand did the New Deal create?

Not nearly enough! There was not the proper monetary stimulus to facilitate a proper recovery.
 
What's it going to take for you to figure out that government can't create wealth?

Why is this so hard to wrap your brain around? Denial, ignorance, wishful thinking? What?
 
What's it going to take for you to figure out that government can't create wealth?

Why is this so hard to wrap your brain around? Denial, ignorance, wishful thinking? What?

I am not concerned with whether the government creates wealth. Government can create spending, which is ultra important in terms of achieving recovery. Since you have yet to put forth a quality argument in regards to denouncing government spending during a recession, you might as well quit. Your lame ass attempts have all fallen flat. Of course, you wouldn't have the slightest clue as to why (even though i have referenced your time frame errors frequently).
 
I am not concerned with whether the government creates wealth. Government can create spending, which is ultra important in terms of achieving recovery. Since you have yet to put forth a quality argument in regards to denouncing government spending during a recession, you might as well quit. Your lame ass attempts have all fallen flat. Of course, you wouldn't have the slightest clue as to why (even though i have referenced your time frame errors frequently).

Gov't
spending your money vs You spending your money.

:\ Hmmmm....
 

Gov't
spending your money vs You spending your money.

:\ Hmmmm....

Again, you miss the point.

You... People are not spending money.... Got it?
 
Again, you miss the point.

You... People are not spending money.... Got it?

Right, but if I didn't have to pay taxes, I'd have more to spend. And if the Government hadn't spent its way into this mess in the first place it wouldn't need to take my money and spend it where it supposedly needs to be spent.
 
Right, but if I didn't have to pay taxes, I'd have more to spend. And if the Government hadn't spent its way into this mess in the first place it wouldn't need to take my money and spend it where it supposedly needs to be spent.

This recession is not caused by government spending, ala stagflation. Instead, we have an indebted society that will save tax incentives, therefore taxation is a limited route. Secondly, the stimulus and other aspects are deficit ridden, therefore you are not being taxed for these expenditures. You will in the future, but not now. Therefore your point is moot, and there is no crowding out at the moment.

The key is spending, although this is only achieved by job creation.
 
This recession is not caused by government spending, ala stagflation. Instead, we have an indebted society that will save tax incentives, therefore taxation is a limited route. Secondly, the stimulus and other aspects are deficit ridden, therefore you are not being taxed for these expenditures. You will in the future, but not now. Therefore your point is moot, and there is no crowding out at the moment.

The key is spending, although this is only achieved by job creation.

Perhaps living within our means would have been a good option? :lol:
 
Perhaps living within our means would have been a good option? :lol:

Perhaps you are quite correct. However, it does nothing to better our current situation to bring up what we could have done. This does not negate the fact that spending is the key to recovery. I have no qualm whether it is private or public. :2wave:
 
Perhaps you are quite correct. However, it does nothing to better our current situation to bring up what we could have done. This does not negate the fact that spending is the key to recovery. I have no qualm whether it is private or public. :2wave:

My point is that the government shouldn't spend US out of debt, they should make sure the same issues don't happen during the course of recovery and let us do it. Increasing shopper morale and at the same time keeping them in a safe, straight line til we're out of the mess. But I'm no economist.
 
Right, but if I didn't have to pay taxes, I'd have more to spend. And if the Government hadn't spent its way into this mess in the first place it wouldn't need to take my money and spend it where it supposedly needs to be spent.

It's a waste of time trying to explain to them that the government can't create economic growth, because all the money they have to use to to create that growth has to come from the private sector, hence, only the private sector can create wealth and economic prosperity. The less money people make, the fewer taxes they can pay and the less consumer spending there will be.

Rich politicians didn't get rich in the goverment, they got rich in the private sector, but you're never be able to explain that to some folks.
 
This recession is not caused by government spending, ala stagflation. Instead, we have an indebted society that will save tax incentives, therefore taxation is a limited route. Secondly, the stimulus and other aspects are deficit ridden, therefore you are not being taxed for these expenditures. You will in the future, but not now. Therefore your point is moot, and there is no crowding out at the moment.

The key is spending, although this is only achieved by job creation.

The recession was caused the politicians constantly undermining consumer conidence. They told the country, enough times, that the economy was in the toilet, until it finally became true. Now, those same politicos are finding out that they sold their souls to the devil, just to get elected.
 
well...

it's a matter of degree

LOL!

14% of gdp is deficit

talk to keynes about THAT

SERVICE on the debt, MERE INTEREST alone, is to reach ONE TRIL per by 2017

ask the grey lady

north dakota's kent conrad, the GATEKEEPER's (baucus') right hand, joined forces with enemy red, in the person of judd gregg, to initiate some kinda "debt commission" which will impose something like graham/rudman restrictions on spending and borrowing

membership no longer trusts leadership

the ranks rise up, grab the reins

they have some 35 senators behind them (according to the sunday chats)

it's a NEW development, granted

but its significance is clear

they're in opposition to optimistic obama

and, yes, harry's trying to hammer em

just give it a month

Leading Senators introduce legislation for fiscal commission - Dec. 9, 2009
 
It's a waste of time trying to explain to them that the government can't create economic growth, because all the money they have to use to to create that growth has to come from the private sector, hence, only the private sector can create wealth and economic prosperity. The less money people make, the fewer taxes they can pay and the less consumer spending there will be.

Rich politicians didn't get rich in the goverment, they got rich in the private sector, but you're never be able to explain that to some folks.

Totally rantish, without anything of substance.... Explain the Louisiana Purchase if you will/could!
 
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