Does Anyone feel like Bailing

Originally Posted by TheMercenary

Historically deficit spending has not worked. It failed for Hoover, Roosevelt, Ford, Bush, and even for the country of Japan. The only thing that goes up is national debt. It is Keynesian economics. Taking the money out of the pockets of the public and putting it into the pocket of the government to spend with reckless abandon is not going to get us out of this mess. Stimulus packages do not work in the long term.

Of course it worked for Roosevelt... in the first 3 years of the New Deal programs, unemployment was cut in half and the GDP increased at nearly a similar rate.

And this was well before ('32-35) any WW II spendng, so that old argument that it was war spending doesnt fly in light of the facts and data. It restored and rebuilt the economic base on which war-related industries were later created.

The others you list never applied such an economic plan.

What didnt work was Bush's $1 trillion tax cuts.

*shrug*
You just dont agree with all those economists in the articles I posted that the stimulus has helped...so they must be wrong.

Anyone who disagrees with you is wrong.....some things never change.

Even the conservative American Enterprise Institute has acknowledged it helped

The real economy also responded to the massive stimulus but remained heavily dependent on it. In the United States, growth during the second half of 2009 probably averaged about 3 percent. Absent temporary fiscal stimulus and inventory rebuilding, which taken together added about 4 percentage points to U.S. growth, the economy would have contracted at about a 1 percent annual rate during the second half of 2009.

but, in their opinion, is not the long-term solution.

[TheMercenary]

Originally Posted by Redux

Of course it worked for Roosevelt... in the first 3 years of the New Deal programs, unemployment was cut in half and the GDP increased at nearly a similar rate.

And this was well before ('32-35) any WW II spendng, so that old argument that it was war spending doesnt fly in light of the facts and data. It restored and rebuilt the economic base on which war-related industries were later created..

Roosevelt boosted the top tax rate to the 70% range, unemployment was around 17%, and it was not until WW2 that things changed.

The others you list never applied such an economic plan.

Sure they did, in one form or another. It is all about thowing good money at an attempt to stimulate the economy. Bush tried it with tax rebates; Hoover increased tax rates significantly and inacted protectionist policies, and deficit spending was born. Japan is the model of deficit spending and stimulus packages.

You just dont agree with all those economists in the articles I posted that the stimulus has helped...so they must be wrong.

Anyone who disagrees with you is wrong.....some things never change.

You are no fucking different Pot.

Even the conservative American Enterprise Institute has acknowledged it helped

but, in their opinion, is not the long-term solution.

No shit. That is what I have been saying all along.

Originally Posted by TheMercenary

Roosevelt boosted the top tax rate to the 70% range, unemployment was around 17%, and it was not until WW2 that things changed.

Sure they did, in one form or another. It is all about thowing good money at an attempt to stimulate the economy. Bush tried it with tax rebates; Hoover increased tax rates significantly and inacted protectionist policies, and deficit spending was born. Japan is the model of deficit spending and stimulus packages.

You are no fucking different Pot.

No shit. That is what I have been saying all along.

I can agree to disagree w/o insisting that your approach is a failure....particularly before it has been fully implemented.

That is the difference between us.

Along with the fact that I dont feel a need to characterize anyone as Nazis, cunts, whores.... or calling other members liars...and prefer focusing on the issues.

And you still havent offered a better solution. Tax cuts? Leave it to the free market? Focus on short term deficit reduction rather than long term economic growth?

[TheMercenary]

Originally Posted by Redux

I can agree to disagree w/o insisting that your approach is a failure....particularly before it has been fully implemented.

It is a failure because they promised us that it would avoid a 10% unemployment rate. Fail. They promised us millions of jobs. Fail

Along with the fact that I dont feel a need to characterize anyone as Nazis, cunts, whores.... or calling other members liars...and prefer focusing on the issues.

I have not called other members that I have called members of Congress that, but only because they are. Everyone of them should be fired. And I do think that the Demoncrats are in for a few changes if they don't kill each other off first.

And you still havent offered a better solution. Tax cuts? Leave it to the free market? Focus on short term deficit reduction rather than long term economic growth?

I have offered plenty of suggestions. You can go back and re-read my posts.