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Oh, you mean the SAME kind of government stimulus package that you folks are condemning Obama for? The kind you say will NEVER work? You mean THAT kind of govenment stimulus package is helping in China?
Oh, you mean the SAME kind of government stimulus package that you folks are condemning Obama for? The kind you say will NEVER work? You mean THAT kind of govenment stimulus package is helping in China?
Who'd a thunk it?
Hmmmmmmm
Ken
It's not to say stimulus programs don't work EVER. They're highly inefficient but politically expedient. They just don't work when you owe gobs of money.
(Here's where your Obamatron heuristic algorithm generator generates the output of "Bush's fault")
It's not to say stimulus programs don't work EVER. They're highly inefficient but politically expedient. They just don't work when you owe gobs of money.
(Here's where your Obamatron heuristic algorithm generator generates the output of "Bush's fault")
Hey, Bush started with a yearly surplus from Clinton and passed an enormous yearly deficit on to Obama. That's just the way it is. It's not MY fault that Bush was such an incompetent - nor is it Obamas. I wasn't stupid enough to vote for Bush - and I doubt Obama was either.
Oh, you mean the SAME kind of government stimulus package that you folks are condemning Obama for? The kind you say will NEVER work? You mean THAT kind of govenment stimulus package is helping in China?
Who'd a thunk it?
Hmmmmmmm
Ken
If you haven't taken the time to compare China's stimulus bill versus US, you should.
China's stimulus bill is how a stimulus bill should be done. Their stimulus bill makes US look laughable and petty.
Um - you DO realize that the article does NOT compare the US stimulus to the Chinese stimulus (even though it claims to). What the author is talking about on the US side is NOT the stimulus, it's the Bush bailout money. The stimulus money came from Obama is not yet out in the economy much (and yeah, I realize that IS a problem). They are 2 different things. How about the comparison of the two STIMULUS plans?
I do recognize however that the Chinese stimulus is likely to do a lot more than the US stimulus. For one thing money goes a LOT further in China than it does in the US - their salaries are MUCH lower (that's why they produce so much for the rest of the world) - as are material costs. For another thing, China's centralized SOCIALIST government has much more direct control over the economy overall and so can chose where to focus money a lot more directly than the US government can. Finally, the most obvious difference is that China doesn't have that much existing infrastructure, so ANY improvement will be a HUGE improvement - particularly in the rural areas. The urban areas are all very modern because they are new, but the backwater areas of China are still pretty primitive so it's pretty easy to make serious improvements with relatively simple changes.
I do have to say it's pretty darned funny to have hard core Wingnuts championing China - the last remaining Communist superpower - a place that provides government-run healthcare, and has thousands of government-own factories - as some kind of super-successful economic model which we should emulate.
I do have to say it's pretty darned funny to have hard core Wingnuts championing China - the last remaining Communist superpower - a place that provides government-run healthcare, and has thousands of government-own factories - as some kind of super-successful economic model which we should emulate.
It's just toooooooooo bazaar folks.
Ken
China isn't communist within the context of the conversation. Quite the contrary. Also, they're moving away from government run healthcare and education very quickly.
Stop reading 90's reports on the country. They as a majority no longer work for pennies a day in sweatshops.
Um - you DO realize that the article does NOT compare the US stimulus to the Chinese stimulus (even though it claims to). What the author is talking about on the US side is NOT the stimulus, it's the Bush bailout money. The stimulus money came from Obama is not yet out in the economy much (and yeah, I realize that IS a problem). They are 2 different things. How about the comparison of the two STIMULUS plans?
I'm aware of that, different timelines.
Quote:
Originally Posted by LordBalfor
I do recognize however that the Chinese stimulus is likely to do a lot more than the US stimulus. For one thing money goes a LOT further in China than it does in the US - their salaries are MUCH lower (that's why they produce so much for the rest of the world) - as are material costs. For another thing, China's centralized SOCIALIST government has much more direct control over the economy overall and so can chose where to focus money a lot more directly than the US government can. Finally, the most obvious difference is that China doesn't have that much existing infrastructure, so ANY improvement will be a HUGE improvement - particularly in the rural areas. The urban areas are all very modern because they are new, but the backwater areas of China are still pretty primitive so it's pretty easy to make serious improvements with relatively simple changes.
Ken
Valid points. The pragmatism of Chinese stimulus package shows as 8/9 top politburo members are engineers, compared to US stimulus bill that won't likely have a large impact, but that has yet to be seen.
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