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Old 08-10-2009, 06:11 AM
 
Location: Fondren SW Yo
2,783 posts, read 6,664,619 times
Reputation: 2224

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Quote:
Originally Posted by SLCPUNK View Post
KUALA LUMPUR, Malaysia (AP) -- Aggressive stimulus spending by governments helped the world avoid a second Great Depression but full economic recovery will take two years or more, Nobel Prize-winning economist Paul Krugman said Monday. (http://finance.yahoo.com/news/Krugman-says-world-avoided-apf-3573814253.html?x=0&sec=topStories&pos=main&asset= &ccode= - broken link)
So awesome. Claiming credit for stopping something that is impossible to measure. Yes, he saved us! From what? How do we really know he saved us? SHhhh....don't ask questions - the Government knows best!
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Old 08-10-2009, 06:22 AM
 
Location: Raleigh, NC
9,059 posts, read 12,953,732 times
Reputation: 1401
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Old 08-10-2009, 06:40 AM
 
31,387 posts, read 36,978,939 times
Reputation: 15038
Quote:
Originally Posted by rb4browns View Post
So awesome. Claiming credit for stopping something that is impossible to measure.
Hmmmm. What is so impossible to measure?

The Center on Budget and Policy Priorities called Virginia a stimulus success story. Its study showed that the federal money had closed 37 percent of the state's budget gap. That allowed mental hospitals to remain open and held down tuition increases at state colleges and universities, saved the jobs of more than 300 sheriff's deputies, and avoided deep cuts in budgets for public schools and Medicaid health services for the poor.

"The federal aid is arriving at a crucial time," said the study, which said every $1 of federal aid to states produces $1.36 in increased economic output.

Stimulus package being felt in Va. | Richmond Times-Dispatch (http://www2.timesdispatch.com/rtd/news/state_regional/article/STIM31_20090530-221016/270961/ - broken link)
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Old 08-10-2009, 06:42 AM
 
Location: Raleigh, NC
9,059 posts, read 12,953,732 times
Reputation: 1401
Keynesian retards link correlation to cause and effect. Basically, they believe they're smarter than they actually are.
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Old 08-10-2009, 06:43 AM
 
12,867 posts, read 14,887,946 times
Reputation: 4459
Quote:
Originally Posted by ovcatto View Post
Hmmmm. What is so impossible to measure?

The Center on Budget and Policy Priorities called Virginia a stimulus success story. Its study showed that the federal money had closed 37 percent of the state's budget gap. That allowed mental hospitals to remain open and held down tuition increases at state colleges and universities, saved the jobs of more than 300 sheriff's deputies, and avoided deep cuts in budgets for public schools and Medicaid health services for the poor.

"The federal aid is arriving at a crucial time," said the study, which said every $1 of federal aid to states produces $1.36 in increased economic output.

Stimulus package being felt in Va. | Richmond Times-Dispatch (http://www2.timesdispatch.com/rtd/news/state_regional/article/STIM31_20090530-221016/270961/ - broken link)
none of those so-called improvements generate any future cash flow. those all just go to contribute to existing programs, so we are going further into debt to just maintain the status quo. i see no positive long term prognosis for that type of spending!
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Old 08-10-2009, 06:45 AM
 
Location: Chicago Suburbs
3,199 posts, read 4,309,632 times
Reputation: 1176
Quote:
Originally Posted by ovcatto View Post
Hmmmm. What is so impossible to measure?

The Center on Budget and Policy Priorities called Virginia a stimulus success story. Its study showed that the federal money had closed 37 percent of the state's budget gap. That allowed mental hospitals to remain open and held down tuition increases at state colleges and universities, saved the jobs of more than 300 sheriff's deputies, and avoided deep cuts in budgets for public schools and Medicaid health services for the poor.

"The federal aid is arriving at a crucial time," said the study, which said every $1 of federal aid to states produces $1.36 in increased economic output.

Stimulus package being felt in Va. | Richmond Times-Dispatch (http://www2.timesdispatch.com/rtd/news/state_regional/article/STIM31_20090530-221016/270961/ - broken link)
Thank god for government saving government.
All praise.
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Old 08-10-2009, 06:47 AM
 
Location: On the Chesapeake
45,115 posts, read 60,226,663 times
Reputation: 60719
Quote:
Originally Posted by ovcatto View Post
Hmmmm. What is so impossible to measure?

The Center on Budget and Policy Priorities called Virginia a stimulus success story. Its study showed that the federal money had closed 37 percent of the state's budget gap. That allowed mental hospitals to remain open and held down tuition increases at state colleges and universities, saved the jobs of more than 300 sheriff's deputies, and avoided deep cuts in budgets for public schools and Medicaid health services for the poor.

"The federal aid is arriving at a crucial time," said the study, which said every $1 of federal aid to states produces $1.36 in increased economic output.

Stimulus package being felt in Va. | Richmond Times-Dispatch (http://www2.timesdispatch.com/rtd/news/state_regional/article/STIM31_20090530-221016/270961/ - broken link)

That's great (disclosure: I benefitted from the same thing in MD) but what happens next year when tax revenues still aren't up to expenses? The stimulus was supposed to be used for shovel ready capital projects. By using it to cover current recurring costs such as wages you saved government jobs but haven't really put any private workers back to work on the infrastructure projects that it was to be used for. Here's what will happen: the hard decisions have been postponed until next year and it promises to be a bloodbath.

And contrary to most of the participants here I'm involved in making these decisions.
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Old 08-10-2009, 06:59 AM
 
Location: Washington DC
5,922 posts, read 8,051,387 times
Reputation: 954
Seems a reasonable proposition at this point. We seem to be at about the bottom of the cycle and leading indicators such as the stock market are up sharply. While he fumbled around a lot and as Republicans are want to do helped his friends along the way, some significant credit should go to Paulson as well. Having the financial system crater would have been disastrous.
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Old 08-10-2009, 07:03 AM
 
539 posts, read 699,492 times
Reputation: 119
This hype is for the amateurs not the professionals.
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