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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (460129)	3/1/2009 3:31:07 PM
From: Road Walker	Read Replies (1) \| Respond to of 1577170

So please keep your arguments grounded in reality instead of just being steeped in rhetoric. LOL.

To: combjelly who wrote (460129)	3/1/2009 5:29:19 PM
From: i-node	Respond to of 1577170

However, the economy is in dire straits. Sitting on our hands is not an option. Nobody I know of has proposed doing nothing. Those dollars are going to be stimulative. Sure, tattoo removal dollars are stimulative. The question is how effective they are. And the answer is, "Not very". What we DO know is that dollars spent two years hence, as a substantial portion of this wasteful spending bill is, are not stimulative until they're spent. So, in immediate terms a massive portion of that 800 Billion is not stimulative. And the efficiency of a lot of the other spending (like unemployment benefits extension) is marginal. Now, you can argue that they would be better spent on something else. But it is stupid to argue that they would have no effect. And no one I know of has made such an argument. But it would obviously be more effective to put the money into projects, the way FDR did, than it it is to just hand it out to people who then becomes wards of the state. You seem to have a particular bugaboo about extending unemployment insurance. The fact of the matter is, there are many studies indicating that is a very effective stimulus when there is significant job losses. Please don't cite studies by Orszag. He is not a credible commentator on the subject.