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Old 04-30-2010, 05:50 PM   #11
Redux
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Originally Posted by classicman View Post
That would be them, I guess. Then again their interpretation is as valid as yours, I guess.

To get back to the original question.
T=taxed
E=enough
A=already

Oh and you never replied to UT -
Voodoo economics....or simplistic to the extreme.

You cant simply divide the money spent by the number of jobs created....there are numerous other equally important factors that impact the cost/benefits of job creation programs, including the increase in income tax revenue and decline in UI payments and other govt assistance program, the resulting productivity increase and contribution to the GDP, more money circulating in the economy (when people have jobs, they spend money), secondary jobs created or saved......

The fact is that no one knows for certain what would have happened w/o the Recovery Act....but the economy is improving and many economists attribute it, in part, to the Recovery Act.

I dont think it was worth the risk to do nothing and there were no other viable proposals. As much as the Tea Party crowd hates it (while many followers benefit from it), I suspect they would have blamed Obama if he did nothing and the economy continued to tank as it was when he took office.

Last edited by Redux; 04-30-2010 at 06:22 PM.
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