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


To: combjelly who wrote (575009)7/5/2010 11:58:20 AM
From: i-node  Respond to of 1570550
 
More than supposedly.

"Maybe you're of the opinion that wasteful spending is still "stimulus.""

Define "wasteful". Explain why what you term as "wasteful" can't be a stimulus.


Please state what evidence you have that so-called "stimulus" spending works in our economy. We know you're confused about what happened during the Depression, so I would ask you to kindly provide other evidence.



To: combjelly who wrote (575009)7/5/2010 3:10:00 PM
From: Tenchusatsu1 Recommendation  Read Replies (2) | Respond to of 1570550
 
CJ, > Define "wasteful". Explain why what you term as "wasteful" can't be a stimulus.

I still go by a strict definition of economic stimulus. Anything that is meant to be temporary and directly has a positive impact on the economy is "stimulus."

Support and safety net programs are not "stimulus." Theoretically they could be temporary, but the Democrats are moving us toward an economy where they will be permanent, regardless of boom or bust.

Spending has increased by at least 20% in the past two years ago. Gotta ask yourself what that bought us. Preventing a crisis from turning into a catastrophe might have value, but that sure isn't "stimulus."

And if you think I'm arguing against a straw man, consider this. Nancy Pelosi herself said that unemployment checks are "stimulus." How utterly stupid is that?

Tenchusatsu