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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (694844)	1/23/2013 2:48:04 PM
From: i-node	Read Replies (1) of 1575422

>> Are you now claiming that tax cuts aren't stimulative? Tax cuts, willy-nilly, are not necessarily stimulative, that's correct. Bush's 01 cuts were not stimulative, but the properly-targeted 03 cuts were. >> People who analyze such things for a living seem to think so. Ezra Klein? Are you serious? This guy has no knowledge of economics or half the other topics he tries to talk about. >> As the latter notes, it was only temporary. Which is what it had as a goal. Only temporary. Of course. Although, that wasn't the basis on which it was sold. Still, that is the nature of fiscal stimulus (see "Roosevelt Recession") and it is why it is stupid. Had that money been left in the hands of free enterprise, you would have had meaningful, long-term growth that surpassed the "temporary" stimulus. We tried to tell you that. >> Unemployment almost certainly gotten much worse than if the stimulus bill wasn't passed. There is absolutely zero evidence of this. None, whatsoever. >> Where that would have left the economy is anyone's guess, but it likely would not have been good. It wouldn't have been good and it isn't. So, WTF does it matter? Except it is a trillion dollars more debt than we otherwise would have had. I don't know why you continue to argue this pseudo-Keynesian nonsense. It is totally disproven. Even Keynes wouldn't have supported it were he still around today.

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