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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: TimF who wrote (64498)5/6/2009 5:02:41 PM
From: Steve Lokness  Read Replies (1) of 224755
 
Tim;

Attempting to stimulate the economy with monetary and fiscal policy is hubris.
Well I didn't get past the first sentence. I'm not arguing that we do this to stimulate the economy. If we are to discuss this you have to understand that basic point. I'm saying we do this because we are going to do something - that is the nature of society. If you think conservatives would do nothing, then you are living a a fairy land. Remember all this TARP stuff was started under Paulson/Bush. If that doesn't work for you think of the conservative response to 9-11. Huge huge HUGE expense and debt as we went into Iraq. Don't get sidetracked arguing about the war - just understand that societies do things in response to adversity. Look at what we did in response to the flu.

Sooo, back to my argument. Not trying to be stimulative but trying to get the best bang for my buck - my tax payer buck. You want to pay people to stay home (since that is what we are going to do), I would rather try to get something out of these people that are out of work. Not to stimulate the economy - because I don't know if that will work - but to help them and get something in return.

None of that stimulus money has hit the street yet - but the jobs are still disappearing at an almost unbelieveable rate. How in the world do we get them back? Not in housing. Not in commercial construction. Not in autos. Most the rest of the stuff is made in China. Were are they getting jobs Tim? WHERE?

This time it is different. It is different because of Bush and Greenspan. During good times interest rates are suppose to go up - but these morons decided to try this new experiment. It didn't work. Usually in the old days as the economy turned sour, interest rates dropped and we started building houses again which stimul;ated the economy. You want to stimulate the economy again with more houses?

Good luck with that!
steve
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