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

To: Tenchusatsu who wrote (574267)	6/29/2010 8:17:56 AM
From: Alighieri	Read Replies (1) \| Respond to of 1570746

The flaw is assuming that the two are mutually exclusive. The theory you mean? You are simply not qualified to call it a flaw... After a year and a half (two years if you include the end of Bush's term) of "stimulus," we still have unemployment at close to 10%. Even last month, almost no new private sector jobs were created; most of the jobs were census workers. ...and there's proof...shallow and predictable rhetoric. Keep taking what Krugman says as gospel. It's easier than having to defend his twisting of Keynesian economics. Why don't get through YOUR thick head...i allow for it to be possible...unlike you i don't believe in "gospel"... Al

To: Tenchusatsu who wrote (574267)	7/3/2010 1:32:41 AM
From: combjelly	2 Recommendations Read Replies (1) \| Respond to of 1570746

"The flaw is assuming that the two are mutually exclusive." In this particular situation, they are. "Deficit spending means nothing if it doesn't have a stimulative effect on the economy. After a year and a half (two years if you include the end of Bush's term) of "stimulus," we still have unemployment at close to 10%. Even last month, almost no new private sector jobs were created; most of the jobs were census workers." Figures lie and liars figure. Pre-stimulus, we were losing hundreds of thousands of jobs per month. Granted, we aren't creating jobs at the rate we should be, but we aren't losing anymore. The stimulus was handicapped with compromises to get Republicans onboard. Why they bothered, given that the Republicans are willing to tank the economy so they can win elections is beyond me. But, they did. As a result, a large fraction of the stimulus was devoted to tax credits. That was wasted money, tax credits are ineffectual in a situation like this. But, that was what your team wanted, so they made the offer. Despite that, your team refused to help unless they got everything they wanted. So it was wasted money. Despite this, your team are still making shit up. The stimulus, despite being crippled from the get go, staunched the bleeding. It didn't address the structural unemployment issues because the "conservatives" screamed about doing that. The upshot of that is unemployment is going to be high for a while. But, what the heck, it does give the Republicans an issue to gain seats, despite the fact they were the architects of the high unemployment. You want someone to blame for high unemployment? Look in the mirror.