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Reporting from Washington -- The $825-billion stimulus proposal that Democrats unveiled this week may encounter stiff opposition from conservatives on Capitol Hill. But it isn't meeting significant resistance from conservative economists.
Though economists might quibble with specifics or express concerns about longer-term effects, the vast majority agree that some kind of massive government spending plan is necessary.
"Most conservative economists are all for it," said Mark Zandi, a founder of Moody's Economy.com who advised GOP presidential candidate Sen. John McCain of Arizona
The fact that "the vast majority (of economists) agree that some kind of massive government spending plan is necessary" doesn't mean that this particular stimulus package (as written) will help the economy as desired.
One Republican Senator put it perfectly: "The states have asked us for a life raft and we're sending them the government yacht."
The fact that "the vast majority (of economists) agree that some kind of massive government spending plan is necessary" doesn't mean that this particular stimulus package (as written) will help the economy as desired.
One Republican Senator put it perfectly: "The states have asked us for a life raft and we're sending them the government yacht."
Its a good nonpartisan article you should read it. Mark Zahndi link is good break down from a top economist. Its alot of reading but if you care about the issue and not the politics I recommend reading it.
The fact that "the vast majority (of economists) agree that some kind of massive government spending plan is necessary" doesn't mean that this particular stimulus package (as written) will help the economy as desired.
I certainly don't have a problem with that. Unfortunately it was the best bill that could have come out of this Congress, see obstructionist Republicans and business as usual Dems.
"One Republican Senator put it perfectly: "The states have asked us for a life raft and we're sending them the government yacht."
Funny, the Republican governors don't see it that way.
Maybe I got stuff wrong when I took econ, usually one would include the cost of materials and equipment along with the price of labor in order to determine overall cost.
But you knew that.
We are talking about the effect on the US economy, not China....
Ok, then lets pretend for second... We spend $650 million on cable TV boxes that are made in China.. is that helping the US economy or the China economy?
Ok, then lets pretend for second... We spend $650 million on cable TV boxes that are made in China.. is that helping the US economy or the China economy?
Do you want to have a real discussion or are you going to keep throwing this limp baugh logic at me?
I certainly don't have a problem with that. Unfortunately it was the best bill that could have come out of this Congress, see obstructionist Republicans and business as usual Dems.
"One Republican Senator put it perfectly: "The states have asked us for a life raft and we're sending them the government yacht."
Funny, the Republican governors don't see it that way.
But, according to this article, Republican Governors , as a group, are not taking an official stance on the stimulus package.
While some Governors, like the one in FL, see how parts of the stimulus bill could help his state with much needed infrastructure repairs, etc. Other Governors, like the one in Ms, see the wasteful spending in this bill as just "plain crazy."
Its a good nonpartisan article you should read it. Mark Zahndi link is good break down from a top economist. Its alot of reading but if you care about the issue and not the politics I recommend reading it.
You mean the same Mark Zandi that said the first bailout(which did absolutely nothing) must be passed by congress quickly?
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