Stimulus plan

[Tempest]

Quote:
In theory, economic stimulus compensates for slack demand in one area by giving consumers money to spend by employing people on government projects. But that dynamic is hard to create from scratch, especially since Germans are known for saving what economists prefer they would spend.

"I doubt we can concentrate infrastructure spending so that we can push the economy out of recession," said Jörg Krämer, chief economist at Commerzbank in Frankfurt. "You have to put these things out for bidding, and even if you do it immediately, you can't take an unemployed auto worker to renovate a school."

http://www.iht.com/articles/2009/01/05/europe/germany.php
Just as the OMB found in this country.

 

[moribundman]

Originally Posted By: Tempest
Tax cuts are immidiet!

We have total morons in charge of our government...sleep well.


I need to learn more about the immidiet. Is it an instant weight loss program for the illiterate population?

 

[Gary Allan]

Originally Posted By: Kestas
Originally Posted By: Gary Allan
Because the big beneficiary of the borrower's foolish action wasn't the foolish borrower. It was all that were employed in the creation of the money that the debt enabled. All the profits that were seen ..all the taxes that were paid.

These were always the principle objects of the benefit. They continue to be.

Now I feel like a real jerk for not overextending my credit and for not buying the biggest house I could barely afford. Sorry, America.


How many F250's do you think got bought by all those contractors doing all that home building? Anyone knows that you need an F250 if you're a contractor.

Did you get any of that?

 

[Tempest]

Originally Posted By: moribundman
Originally Posted By: Tempest
Tax cuts are immidiet!

We have total morons in charge of our government...sleep well.


I need to learn more about the immidiet. Is it an instant weight loss program for the illiterate population?

Typing too fast, didn't' run a spell check...

 

[eljefino]

Get money from the gov't, you assume it's a one time deal, and spend it carefully if you're unemployed.

Get a job, work six months, boom! you have the work history to get a new car/house on credit, and would be more likely to, even if the men pulling the strings axe your job the next day.

Of course we'd be "stuck" with new bridges that don't accidentally fall into rivers, etc.

 

[cousincletus]

We used our last stimulus check to pay our local taxes (real estate).

 

[buster]

http://news.yahoo.com/s/ap/20090123/ap_on_go_co/republicans_economy

All of a sudden the Republicans are now concerned about gov. spending. I do think their ideas sound pretty good.

Quote:
My advice to Team Obama: Do not be intellectually bound by the textbook Keynesian model. Be prepared to recognize that the world is vastly more complicated than the one we describe in ec 10. In particular, empirical studies that do not impose the restrictions of Keynesian theory suggest that you might get more bang for the buck with tax cuts than spending hikes.


http://gregmankiw.blogspot.com/2008/12/spending-and-tax-multipliers.html

 

[oilyriser]

Originally Posted By: eljefino

Of course we'd be "stuck" with new bridges that don't accidentally fall into rivers, etc.


They could be built over dry land, just in case.

 

[StevieC]

Originally Posted By: oilyriser


They could be built over dry land, just in case.

 

[Gary Allan]

Haven't we heard that before? The two poster boys of tax cuts gave us our future depression and the mini-me version about 20 years ago.

I ain't buying it ..regardless of the spin put on it. The same spin was played by the pioneer pied piper ..and the last guy just didn't even bother with the tune.

Do me once ..shame on you

Do me twice ..shame on me

Do me thrice

I don't care how far we dip. I'll be DARNED if I'm going to see another extortion racket that moves fewer higher while the nation sinks. I could care less about the bozo financiers. They can rote for the the good that they've done any of us.

 

[Propflux01]

Where's my [censored] Check?

 

[StevieC]

In the mail along with the mortgage payments from all those who are about to be for-closed

 

[mechtech2]

I'd like to know how the $200,000,000.00 designated for the Washington Mall is going to help stimulate the economy.
Maybe the released prisoners from Guantanimo Bay will go there.

 

[JHZR2]

probably

 

[Tempest]

Originally Posted By: buster
http://news.yahoo.com/s/ap/20090123/ap_on_go_co/republicans_economy

All of a sudden the Republicans are now concerned about gov. spending. I do think their ideas sound pretty good.

Quote:
My advice to Team Obama: Do not be intellectually bound by the textbook Keynesian model. Be prepared to recognize that the world is vastly more complicated than the one we describe in ec 10. In particular, empirical studies that do not impose the restrictions of Keynesian theory suggest that you might get more bang for the buck with tax cuts than spending hikes.


http://gregmankiw.blogspot.com/2008/12/spending-and-tax-multipliers.html

Trickle down economics but they don't want to call it that. It's amazing that this "theory" is news to people.

Keynesian spending is not self supporting. Businesses that come from investment are. This is the fallacy of bigger government spending = strong stimulus.

We need less government and more capitalism. If government spending worked, the USSR would have won.

 

[Gary Allan]

Quote:
Trickle down economics but they don't want to call it that.


Smart move. It would tip their hand too early on another round of musical chairs. Keen observation. Call it something else so the simpletons don't recognize the same old gas.