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Politics : View from the Center and Left
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To: Mary Cluney who wrote (172142)9/16/2011 5:45:46 PM
From: Steve Lokness  Read Replies (1) of 542169
 
Mary;

See if I have this right; ....you think that stimulating the economy - even though much of that stimulus ends up in China - is good because only some of it goes there. Some stays here. The Apple example?

I think that is bad because we are borrowing money and paying interest on that money from now until it is paid back. That removes an opportunity for us in the future. I don't want my taxes now and the interest on that borrowed money going to China. You support the Chinese worker with your taxes - but don't ask me to do so because I won't.

<<<<<It is in the execution. You go into debt because you spend more than you take in. You waste trillions of dollars on wars that you don' t have to fight. >>>>>>

But if Obama can't execute who in the world will be able to? I just do not agree with your conclusion. Wars are stimulative in every sense of the Keynesian theory. Right i you and I don't agree that wars are a good use of money - but you just can't argue that spending on big ticket items needed in war somehow doesn't stimulate while spending on Apple products largely coming out of China do. That just doesn't make any sense. Do you think that somehow a Boeing worker uses his income from working on a piece of military hardware somehow different than an Apple worker? There is no better way to stimulate than with wars - but it just is not working. If we end the wars, that stimulus goes away. Goes away and now we have to employee all those military workers. I'm waiting for Johns report on the book he is reading.
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