Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Economists say stimulus won’t work | Mound City Money | STLtoday (http://www.stltoday.com/blogzone/mound-city-money/us-economy/2009/01/economists-say-stimulus-wont-work/ - broken link)
Quote:
"There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy."
President-Elect Barack Obama
January 9, 2009
With all due respect Mr. President, that is not true. Notwithstanding reports that all economists are now Keynesians and that we all support a big increase in the burden of government, we the undersigned do not believe that more government spending is a way to improve economic performance. More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan’s “lost decade” in the 1990s. As such, it is a triumph of hope over experience to believe that more government spending will help the U.S. today.
Of course, the dems and obama know that full well but are going full steam ahead to try and "change" from a capitalist republic to a socialist one. This is their opportunity (when the economy is in the tank) to implement their liberal, socialist policies. Take note of the bold - we have been here before - what the dems and obama are trying to do has been shown to be a failure.
Economists say stimulus won’t work | Mound City Money | STLtoday (http://www.stltoday.com/blogzone/mound-city-money/us-economy/2009/01/economists-say-stimulus-wont-work/ - broken link)
Of course, the dems and obama know that full well but are going full steam ahead to try and "change" from a capitalist republic to a socialist one. This is their opportunity (when the economy is in the tank) to implement their liberal, socialist policies. Take note of the bold - we have been here before - what the dems and obama are trying to do has been shown to be a failure.
Duhhh. Can we say "Jimmy Carter"? This administration has already failed, but they don't know it yet.
Same old same old from komrade Obama, just look at all that pork.
Quote:
* $650 million to extend the $40 coupon program to subsidize the purchase of analog-to-digital converter boxes
So get this, not only does the government consider providing digital television subsidies a stimulus, but it is imposing a 5% tariff on the boxes shipped in from overseas. So essentially collecting money off the boxes, then will be using some of that money to buy more.
* $600 million to buy new cars for government workers
The Federal government already has a fleet of about 642,000 trucks, passenger cars, and other vehicles. One-third of the fleet is made up of passenger cars. Vehicle fleet managed competition to provide services would be a much better, cheaper, higher quality option.
* $150 million for repairs to Smithsonian Institution facilities
The Smithsonian recently spent $31,000 for designer Berkeley striped upholstery, $2,535 to clean a chandelier, and $4,000 for a heater for the lap pool of their most recent Director who had a $1.2 million housing allowance. Always good to stimulate even more inefficient use of taxpayer dollars.
* $50 million for the National Endowment for the Arts
Not to be outdone by their museum colleagues, recent expenditures of the NEA include: $95,000 for the American Ballet Theatre in New York City, $300,000 to restore an outdoor sculpture collection in Miami, Florida, and $190,000 for various artistic endeavors in San Francisco, CA. While art does have value, whether funding more will help the economy, and whether the tax dollars of all should pay for it, is an important and ignored question.
* $462 million for equipment, construction, and renovation of facilities at the Centers for Disease Control
Yes, the CDC may serve an important role, but given that they lost $22 million worth of equipment in 2007 gives one pause at offering them 21 times that amount. The CDC also spends $500,000 a year for an office in Hollywood whose mission is to help directors improve the accuracy of their scripts and used taxpayer funds for a $60 million upgrade to a “Japanese Garden”.
There is also $3 billion for prevention and wellness programs, including $335 million for STD education and prevention, $1 billion for the follow-up to the 2010 Census (not to be spent until April of 2010), $200 million for ATV routes, $200 million for military electric cars, $34 million to renovate the Commerce Department headquarters, and $75 million for an anti-smoking campaign (yes, smokers, your tax dollars hard at work).
Cutting government spending, tax cuts for households and businesses and transparency to avoid as much pork as possible are in place.
lamexican's link is excellent, honest, nonpartisan and detailed - thanks for the link lam.
The House legislation would erect four pillars of economic stimulus. It would provide income support to the poor and recently unemployed, distribute aid to state governments, seek relatively quick employment gains through public works spending and aim to spark consumer and business spending through targeted tax cuts.
Yes but the key word is opinions. Opinions aren't right or wrong so only time will tell who's right and who's not. No one wants the economy to go any further down the tubes..... (except for the terrorists)
Why not tell us why YOU feel so strongly why the stimulus package will work? I'm not trying to pick a fight with you I'm just curious to read what you have to say. On MSNBC yesterday More than half of the American's who voted in the poll think it will fail. Why do you think that it won't?
Yes but the key word is opinions. Opinions aren't right or wrong so only time will tell who's right and who's not. No one wants the economy to go any further down the tubes..... (except for the terrorists)
Why not tell us why YOU feel so strongly why the stimulus package will work? I'm not trying to pick a fight with you I'm just curious to read what you have to say. On MSNBC yesterday More than half of the American's who voted in the poll think it will fail. Why do you think that it won't?
The poll I was referring to was on MSNBC yesterday and the question was. "Do you think the stimulus will work" (as in the version which was passed). 68% of those who voted in the poll said no.
Your poll asks if American's favor a stimulus plan. I would have voted yes to that as well. It's obvious we need one to me...
I'll see if I can find the poll I saw and the article I was reading yesterday.
Same old same old from komrade Obama, just look at all that pork.
What would the Republicans do?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
