The Stimulus Worked

NigelTufnel said:
First, you seem awfully close to advocating a central-planning economic theory: you want the government to go out and buy things. Second, this isn't the same stimulus logic that Bush used. The Bush logic was "give everybody some cash reagardless of how they'll use it." The logic here is keep people employed that we can assure will be kept employed through direct transfer payment to state and local government.
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That is the logic huh? Is that why the states are saying the jobs are only temporarily saved and that they will likely be lost once the stimulus from the fed stops?


Actually, it is one of the best ways to keep the economy from tanking further. Of course, you'll have to credit the CBO and Moodys and all the usual suspects to agree with me so I won't hold my breath. The transfers to state and local governments were to keep people employed that would otherwise have been laid off with states cutting back on spending. Everyone agrees that the transfer payment to the states were the most effective stimulus measures. Naturally, state aid was one of the things that the "centrists" cut.
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I agree that it was an effective way to keep the public sector employed. But the problem is that it did little to CREATE jobs. Like the Bush 'send out a check' plan... it is a STOP GAP measure.
 
Onceler said:
Damo, it's simply a mischaracterization to suggest that most or all of the stimulus jobs being created are "made up" gov't jobs. A lot of the money IS going to projects like the one you mentioned, and a good portion of the stimulus is incentives & tax breaks for certain hiring practices.

Why are you characterizing it the way you are? What are you basing that on?
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All of it should be going to those things, not just 70 Billion of the money, it shouldn't be relegated only to election cycles, and it shouldn't be aimed at more bureaucracy at all. Saying, "Some of it is spent like you said it should be" doesn't make it much better or change the appearance at all. It shouldn't be trickling... By now jobs should have been actually created, not the magically saved number based on the assumptive abilities of an already proven bad source of assumption, because we'd be paying contractors to build us stuff at an unprecedented clip.
 
The real unemployment rate is about 17%, we are in debt up to our eyeballs and the only jobs created are government jobs, requiring ever increasing budgets just to maintain. Nice fucking job, Democrats. :lol:
 
Obfuscate said:
Only those who want to be fooled think the bailouts/Stimulus have worked.
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The thing of it is, if enough people believe it will be true. The economy is very much a product of confidence. It's just tough to get that done with a real unemployment estimated at 18.4%.
 
Damocles said:
The thing of it is, if enough people believe it will be true. The economy is very much a product of confidence. It's just tough to get that done with a real unemployment estimated at 18.4%.
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Not really. Obviously, confidence has some impact. There needs to be enough confidence in the foundations of the economy in order to bring about investment. But, if the investments are poorly chosen no amount of confidence will overcome that. There was plenty of confidence that housing prices would continue to rise. But that did not happen. That misguided confidence exacerbated the problem.
 
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RStringfield said:
Not really. Obviously, confidence has some impact. There needs to be enough confidence in the foundations of the economy in order to bring about investment. But, if the investments are poorly chosen no amount of confidence will overcome that. There was plenty of confidence that housing prices would continue to rise. But that did not happen. That misguided confidence exacerbated the problem.
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That's why I didn't say it was "wholly" a product of confidence, just very much attributable to it.
 
I feel stimulated whenever I view a younger man's ass.

Since I'm a wrinkled, shriveled ol' hagling, that includes most everybody.

__________________
Projected annual wrinkles of well over 1 trillion.

The most powerful person in the United States, at least in economic terms, is the cosmetic surgeon I patronize

In life devote yourself to suk and fuk
Behold the beauty of the tummy tuk
Those who live, in the end must all croak
Live as if I'm a fukin' joke
Kumar......
 
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