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Old 07-07-2011, 04:07 PM
 
2,515 posts, read 1,718,490 times
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Quote:
Originally Posted by shorebaby View Post
Sigh, The government doesn't create jobs, the private sector does. The government can only create an environment that is friendly or hostile business and thus job creation.
I agree with you more or less. If you give everyone money to spend then you will have a corresponding increase in spent money and that will tend to drive up employment.
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Old 07-07-2011, 04:10 PM
 
2,226 posts, read 1,756,769 times
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Default A partnership

why can't we partner the government and private sector in repairing the infrastructure that was completed during the Roosevelt administration. Those were incredible projects that put the whole country back to work. But obviously one side doesn't like "government" at all...for any reason...and the private sector cannot afford to do it alone. A partnership sounds very reasonable. There must be hundreds of thousands of jobs that could be created and our infrastructure would be updated, new and safe for many generations to come. I would like to say this was my brilliant plan, but alas, I just heard it from someone else on TV. But I was very impressed by the thought.
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Old 07-07-2011, 04:11 PM
 
12,439 posts, read 10,279,742 times
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Quote:
Originally Posted by newonecoming2 View Post
I agree with you more or less. If you give everyone money to spend then you will have a corresponding increase in spent money and that will tend to drive up employment.
For the sake of argument, I said assume no tax increases or spending increases. The only way that you could give everyone money is to increase the debt or raise taxes. So what other ideas do you have.
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Old 07-07-2011, 04:13 PM
 
12,439 posts, read 10,279,742 times
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Quote:
Originally Posted by 60sfemi View Post
why can't we partner the government and private sector in repairing the infrastructure that was completed during the Roosevelt administration. Those were incredible projects that put the whole country back to work. But obviously one side doesn't like "government" at all...for any reason...and the private sector cannot afford to do it alone. A partnership sounds very reasonable. There must be hundreds of thousands of jobs that could be created and our infrastructure would be updated, new and safe for many generations to come. I would like to say this was my brilliant plan, but alas, I just heard it from someone else on TV. But I was very impressed by the thought.
Again, you have to pay for the spending with either more debt or more taxes.
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Old 07-07-2011, 04:25 PM
 
Location: Hoboken
19,891 posts, read 16,270,932 times
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Quote:
Originally Posted by newonecoming2 View Post
I agree with you more or less. If you give everyone money to spend then you will have a corresponding increase in spent money and that will tend to drive up employment.
Mmmmm, "give everyone money"? What ate you talking about?
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Old 07-07-2011, 04:27 PM
 
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Originally Posted by hotair2 View Post
For the sake of argument, I said assume no tax increases or spending increases. The only way that you could give everyone money is to increase the debt or raise taxes. So what other ideas do you have.
Well if you print money you cen give the newly printed money away. The fed is trying to loan money out at 0.25% to get the economy to grow and not having much success. So why not print $1trillion and write everyone a check for just short of $4k? That will grow the economy.
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Old 07-07-2011, 04:30 PM
 
2,515 posts, read 1,718,490 times
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Quote:
Originally Posted by shorebaby View Post
Mmmmm, "give everyone money"? What ate you talking about?
The fed is trying to loan out enough money at 0.25% to get the economy growing. If they can't do this (four years into it we still don't have strong growth, this is a liquidity trap.) then you need to think hard about printing money and just giving it away.
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Old 07-07-2011, 04:30 PM
 
Location: NY
12,263 posts, read 9,411,476 times
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Quote:
Originally Posted by shorebaby View Post
Sigh, The government doesn't create jobs, the private sector does. The government can only create an environment that is friendly or hostile business and thus job creation.
You start to feel lonely trying to explain that to people. All the government does is meddle and redistribute wealth, with consequences that often take years to fester and grow out of control.

It could be argued that the Pension Benefit Guaranty Corporation, set up in 1963 to help some 36,000 ex-Studebaker employees, is responsible for part of the mess we are in today.

The PBGC got the employees 15 cents on the dollar in pension benefits, but Congress then went on to pass ERISA, which taxed every company offering a defined benefits pension. Many companies eventually abandoned defined benefits to avoid the tax, and went to defined contribution plans, where maybe they did or didn't match whatever the employee into their 401(k) plans or 403(b) plans. And the onus was on the employee to make good investment decisions, with the result that almost 75% of all baby-boomers don't have enough to retire on today.
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Old 07-07-2011, 04:42 PM
 
12,262 posts, read 15,124,813 times
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Printing money would also reduce the inflated value of the dollar making imported goods more expensive. No need to break trade agreements, just level the field. If football were played the way our trade is, the field would be slanted one way and the sides would never switch.
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Old 07-07-2011, 04:44 PM
 
Location: Hoboken
19,891 posts, read 16,270,932 times
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Quote:
Originally Posted by newonecoming2 View Post
The fed is trying to loan out enough money at 0.25% to get the economy growing. If they can't do this (four years into it we still don't have strong growth, this is a liquidity trap.) then you need to think hard about printing money and just giving it away.
I have no idea what else to say to this proposal.
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