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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (613320)5/27/2011 11:48:16 AM
From: i-node2 Recommendations  Read Replies (2) of 1577116
 
>> Well, duh Tenchu. I guess you missed the fact that we are just starting to see signs of recovery from the worst recession since the Great Depression.

And you blindly assume that spending taxpayer and printed money will, somehow, HELP that situation. In spite of the fact that there is no evidence that even remotely suggests it.

Obama utterly WASTED a trillion dollars on so-called "stimulus". And it has done NOTHING.

As to the "recovery", of course there is a recovery underway. Why would there NOT be? Economic cycles happen.

Obama's drunken spending spree, as FDR's, has only exacerbated the problem and caused it to drag out for a longer period than we otherwise would have seen.

This is not to say that a properly targeted, limited stimulus measure can't help. But when you just flit away a trillion dollars, adding it to our children's debt, without the slightest thought given to the stimulative effect, you don't help our economy, you hurt it.

A great example I'm familiar with: Tens of billions of dollars in rebates to physicians for installing EMR systems. This has been (continues to be) a total fiasco. Just pouring taxpayer dollars -- some $20-40 Billion of them -- down the tube. No return on investment, no stimulative effect, nothing. Wasted money.

That's not helpful. And instead of helping, it actually hurts. Because now we have another trillion in debt with absolutely nothing to show for it.
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