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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (694903)1/23/2013 5:36:14 PM
From: i-node  Read Replies (2) of 1574782
 
He said it -- in his own words, "... after eight years of this administration."

So, we can argue about whether it worked in the ensuing weeks after his remark if you want to. The reality is that if it doesn't work in eight years, it has to be proclaimed a failure. Anything that fails to spur economic growth and reduce unemployment substantially over such an extended period can reasonably be said to be no better than doing nothing.

Now, I don't take issue with spending some [minimal] taxpayer dollars to give people jobs in difficult times in an effort to sustain them. It is better than giving them free money, which is what we now do. But the argument that it is "stimulative" is just bullshit.

Stimulating growth is solely within the scope of private enterprise. Government can NEVER stimulate the economy more than the same dollars in private enterprise, and usually will stimulate far less. The Obama stimulus example was at the extreme; it didn't do crap and we clearly would have been far ahead to have just done nothing.

In the case of FDR, we spent money to give people jobs and that cost us in terms of productivity. Had we not had the war it is likely we would have lost another decade; but the end of the war brought about a resurgence in consumer confidence that failed government policy could never have done.
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