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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (452836)1/31/2009 11:58:41 AM
From: Road Walker  Read Replies (1) of 1571256
 
If energy subsidies and other forms of spending make sense, they makes sense to have as part of the normal budget process.

And I've made that argument many times. If we had done it we might not be in this mess, or it might not be as bad.

They aren't for the most part quick and timely stimulus items.

Yes they are. I can have someone out here next week adding insulation, putting in more energy efficient windows and doors. I could go out this afternoon and buy a more energy efficient automobile. Might take a month to spec out and put up solar energy roof panels. All those things would require people to do the work and manufacturers to replace the materials, which would put other people to work. Plus, starting immediately, I would have lower energy bills.

I'm skeptical about the whole idea of government stimulus, but if your not (like the economist I quote below), than the best stimulus is probably some form of tax cut (perhaps on payroll taxes, if your aim is to increase employment, or if you have a problem with "tax cuts for the rich"), so that you stimulate the economy, but let the market determine where the extra workers can be best employed.

Won't work. People are hording money or reducing debt. Which might work very long term but won't help at all short term.

The problem we have is a downward cycle... unemployment leads to defaults and less spending which leads to higher unemployment which leads to defaults and less spending which leads to ... ... ... and it appears to be getting out of control and accelerating.

So how do you stop the cycle?
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