SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Road Walker who wrote (526311)11/5/2009 4:40:24 PM
From: i-node  Read Replies (1) of 1577055
 
>> The stimulus helped save jobs... a good thing.

When the government spends $100 Billion or $800 Billion, surely, a few people are going to have jobs for a period of time. I don't think anyone questions that.

But what is being questioned by economists is whether there is sufficient value in putting a few people to work as government employees -- which is what has happened -- to overcome the long-term negative consequences of adding a trillion dollars to our national debt.

There is no evidence, whatsoever, that the stimulus bill has helped the economy one iota. A strong argument can be made that the economy has recovered some, but not as a result of the stimulus. In fact, it has recovered in much the same way that WWII (not massive government spending) brought about the end of the Great Depression -- when Obama took office there was a period of hope and expectation that instilled a bit of consumer confidence that was absent with the pounding Bush took. All of us were hopeful that Obama would take us in a positive direction.

There isn't a shred of evidence to suggest the porkulus bill made any real difference. Some temporary government employment, sure. But the kind of meaningful work that reinvigorates a shaken economy? Where is the evidence?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News