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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (532301)	11/24/2009 1:33:35 PM
From: Road Walker	Read Replies (2) of 1575790

Your hiring new people, and encouraging others to hire new people, but the money to hire them comes from other areas, you don't create new wealth by increasing government spending. The point is to target unemployment for a softer landing and to stop or soften the backslide. Of course that money will have to be paid back, hopefully in better times. You can argue that it's better to take the medicine and get it over with, but you can't argue that spending that type of money doesn't "create or save" a bunch of jobs. Also the political/regulatory uncertainty prevents hires that would otherwise have happened. That's BS. Companies hire when business demands in, not based on politics. I suspect some net jobs have been created, but in the process we've had a net destruction of wealth... A depression would have created a lot more destruction of wealth. It's an arguable point if stimulus, either tax cuts or spending, just delay the inevitable. I'm not sure anyone knows... maybe we'll find out this time. Or maybe we found out with the Bush stimulus tax cuts.

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