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You're re-proving your ignorance with each post. Your reply is gibberish and not at all factual.
I laid out some basic economics and said the success of the stimulus was subjective. I guess I need to use smaller words.
You gave nothing but your opinion, and havent at all disputed anything I stated. Tell me again your qualifications and why you think you're more qualified than even Keynesian economists which say Obama didnt understand the policies he was pushing forward.
Furthermore, please explain to me how those who bought treasuries to finance the debt, was able to keep their money and spend it twice. I'd love to know how people can spend their money twice without any negative ramifications..
100% wrong. One cannot accurately say what would have happened if the stimulus did not occur, or if it was doubled, because there are far too many variables to factor in.
You finally got one right, but one thing we do know, is YOU CANT SPEND THE SAME MONEY TWICE, something that would HAVE TO HAPPEN, in order for the stimulus to not remove money from the economy.
You finally got one right, but one thing we do know, is YOU CANT SPEND THE SAME MONEY TWICE, something that would HAVE TO HAPPEN, in order for the stimulus to not remove money from the economy.
Again, WHERE DID THE MONEY COME FROM TO SPEND?
Don't be silly... It came from the liberal money tree....
You finally got one right, but one thing we do know, is YOU CANT SPEND THE SAME MONEY TWICE, something that would HAVE TO HAPPEN, in order for the stimulus to not remove money from the economy.
Again, WHERE DID THE MONEY COME FROM TO SPEND?
Debt and the US Treasury. China. Pick one.
You cannot claim with any certainty that x money invested HERE would have been spent dollar for dollar THERE. You directly refute your own "we cannot know what would have happened" argument.
Debt, isnt created without removing money from the economy
US Treasury debt is sold, and thus removes money from the economy
China, buys those US Treasuries, and thus removes it from their economy.
Anyway you put it, it REMOVES MONEY FROM THE ECONOMY..
Quote:
Originally Posted by Ford Beebe
You cannot claim with any certainty that x money invested HERE would have been spent dollar for dollar THERE. You directly refute your own "we cannot know what would have happened" argument.
What do you think they would have done with that money if not buying US debt? Even if they stuck it in the bank it would have been reloaned out to the economy, how the hell do you think banks earn a profit?
Quote:
Originally Posted by Ford Beebe
That is a subjective judgment.
No, its a factual one.
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