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Is anyone really surprised to see the assessment of our economy, post-stimulus, that says that any improvements we see are not related to the stimulus? When will everyone get it through their heads that what stimulates the economy is improving the the business climate for companies, not passing out little pieces of government handouts. Jobs are created by business, not by government and businesses that are over-taxed and over-regulated are hardly going to be in a position to grow and thus hire.
New Consensus Sees Stimulus Package as Worthy Step
In interviews, a broad range of economists said the White House and Congress were right to structure the package as a mix of tax cuts and spending, rather than just tax cuts as Republicans prefer or just spending as many Democrats do. And it is fortuitous, many say, that the money gets doled out over two years — longer for major construction — considering the probable length of the “jobless recovery” under way as wary employers hold off on new hiring.
Of course, GOP economists will continue to whine. But they're the same guys who said there was no recession looming in 2008. Well, that's what they said until mid-Sept 2008.
Of course, GOP economists will continue to whine. But they're the same guys who said there was no recession looming in 2008. Well, that's what they said until mid-Sept 2008.
The economists in the story are th very same economists the liberals touted as being experts just a few months ago when they proclaimed the economy was turning around. Now your standing is they are GOP economists..
Which is it and why are you whining about the very same economists holding a view?
The economists in the story are th very same economists the liberals touted as being experts just a few months ago when they proclaimed the economy was turning around. Now your standing is they are GOP economists..
Prove it.
The article was a survey of 68 NABE members.
Quote:
Which is it and why are you whining about the very same economists holding a view?
You're more than a little confused and a lot inaccurate.
From July, 2008:
With the economy on the top of voters' minds, Republican presidential candidate John McCain's top economic adviser said the Arizona senator will lay down a detailed program to revive dynamic growth with dramatic tax and spending reforms.
In an interview with the Washington Times, Phil Gramm, a former Texas senator who is now vice chairman of UBS, the giant Swiss bank, said he expects Mr. McCain to inherit a sluggish economy if he wins the presidency, weighed down above all by the conviction of many Americans that economic conditions are the worst in two or three decades and that America (http://www.washingtontimes.com/themes/?Theme=United+States - broken link) is in decline. "You've heard of mental depression; this is a mental recession," he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. "We may have a recession; we haven't had one yet." "We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said.
With the economy on the top of voters' minds, Republican presidential candidate John McCain's top economic adviser said the Arizona senator will lay down a detailed program to revive dynamic growth with dramatic tax and spending reforms.
In an interview with the Washington Times, Phil Gramm, a former Texas senator who is now vice chairman of UBS, the giant Swiss bank, said he expects Mr. McCain to inherit a sluggish economy if he wins the presidency, weighed down above all by the conviction of many Americans that economic conditions are the worst in two or three decades and that America (http://www.washingtontimes.com/themes/?Theme=United+States - broken link) is in decline.
"You've heard of mental depression; this is a mental recession," he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. "We may have a recession; we haven't had one yet."
"We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said.
With the economy on the top of voters' minds, Republican presidential candidate John McCain's top economic adviser said the Arizona senator will lay down a detailed program to revive dynamic growth with dramatic tax and spending reforms.
In an interview with the Washington Times, Phil Gramm, a former Texas senator who is now vice chairman of UBS, the giant Swiss bank, said he expects Mr. McCain to inherit a sluggish economy if he wins the presidency, weighed down above all by the conviction of many Americans that economic conditions are the worst in two or three decades and that America (http://www.washingtontimes.com/themes/?Theme=United+States - broken link) is in decline.
"You've heard of mental depression; this is a mental recession," he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. "We may have a recession; we haven't had one yet."
"We have sort of become a nation of whiners," he said. "You just hear this constant whining, complaining about a loss of competitiveness, America in decline" despite a major export boom that is the primary reason that growth continues in the economy, he said.
expects Mr. McCain to inherit a sluggish economy if he wins the presidency, weighed down above all by the conviction of many Americans that economic conditions are the worst in two or three decades and that America (http://www.washingtontimes.com/themes/?Theme=United+States - broken link) is in decline.
emphasis by poster
Wish I had read that a long time ago. Back then it was ok to "inherit a sluggish economy", now it ain't.
Is anyone really surprised to see the assessment of our economy, post-stimulus, that says that any improvements we see are not related to the stimulus? When will everyone get it through their heads that what stimulates the economy is improving the the business climate for companies, not passing out little pieces of government handouts. Jobs are created by business, not by government and businesses that are over-taxed and over-regulated are hardly going to be in a position to grow and thus hire.
"About 73% of those surveyed said employment at their company is neither higher nor lower as a result of the $787 billion Recovery Act"
That DOESN'T mean the stimulus didn't work. That means that 73% of the companies surveyed showed no impact. So if 27% of companies surveryed showed an impact is that not a good thing? Under those circumstances without the stimulus 100% of companies would have had no impact. Seems to me the stimulus was NEVER meant to impact every company in the country - nor be responsible for EVERY job created (or saved). It was meant to pump money into the economy to help provide a boost to the economy and shorten both the severity and the length of the recession by providing/saving SOME jobs. Considering just how many economists were predicting a MUCH LONGER recession just a year ago (many of them quite possibly the very same ones who are NOW saying the economy is recovering on it's own) I'd say the stimulus has done EXACTLY as it was meant to do. I'd be curious to find out just how many of these folks who say it had no impact are the same folks who complained that the rise in GDP over the last few quarters was "just stimulus money". LOL
"About 73% of those surveyed said employment at their company is neither higher nor lower as a result of the $787 billion Recovery Act"
That DOESN'T mean the stimulus didn't work. That means that 73% of the companies surveyed showed no impact. So if 27% of companies surveryed showed an impact is that not a good thing? Under those circumstances without the stimulus 100% of companies would have had no impact. Seems to me the stimulus was NEVER meant to impact every company in the country - nor be responsible for EVERY job created (or saved). It was meant to pump money into the economy to help provide a boost to the economy and shorten both the severity and the length of the recession by proving/saving SOME jobs. Considering just how many economists were predicting a MUCH LONGER recession just a year ago (many of them quite possibly the very same ones who are NOW saying the economy is recovering on it's own) I'd say the stimulus has done EXACTLY as it was meant to do. I'd be curious to find out just how many of these folks who say it had no impact are the same folks who complained that the rise in GDP over the last few quarters was "just stimulus money". LOL
Ken
Just like like saying " I wasn't fired, they just told me not to come in anymore" or "he isn't dead, he just stopped breathing"
"About 73% of those surveyed said employment at their company is neither higher nor lower as a result of the $787 billion Recovery Act"
That DOESN'T mean the stimulus didn't work. That means that 73% of the companies surveyed showed no impact. So if 27% of companies surveryed showed an impact is that not a good thing? Under those circumstances without the stimulus 100% of companies would have had no impact. Seems to me the stimulus was NEVER meant to impact every company in the country - nor be responsible for EVERY job created (or saved). It was meant to pump money into the economy to help provide a boost to the economy and shorten both the severity and the length of the recession by providing/saving SOME jobs. Considering just how many economists were predicting a MUCH LONGER recession just a year ago (many of them quite possibly the very same ones who are NOW saying the economy is recovering on it's own) I'd say the stimulus has done EXACTLY as it was meant to do. I'd be curious to find out just how many of these folks who say it had no impact are the same folks who complained that the rise in GDP over the last few quarters was "just stimulus money". LOL
Ken
You have to consider how conservative repugnants, creationists, tea baggers get their news and views - from the headlines. Quotes from articles, rarely used to support a point, are never analytical, just given to support the headline.
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Economists: stimulus working
