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To: bentway who wrote (273677)	9/6/2010 3:32:31 PM
From: neolib	Read Replies (1) \| Respond to of 306849

The problem with that approach (i.e. the first attempt by Bush to deal with stimulus, mail everyone a check) is that two things happened with the money given directly back to the tax payers: 1) It went to pay down debt. 2) It went to China for purchases at WalMart. Neither helps stimulate the economy in the near term. It does not matter which accounting bin they claim to take the money from, FICA, income tax, etc, other than it may have some impact on the target source in addition to the target destination. They can get if from Ben & the Fed as well. In the end, its all Federal debt, to be paid back in the future. My complaint is with the poor ROI we are getting out of the targets. There is clearly a significant problem, in that many near term "shovel ready" targets give very poor ROI, while many of the potential projects which could give good ROI, are very poorly suited for near term spending. All the more reason for the academics in economics to have thought this out ahead of time, so we had a reasonable subchapter in Keynesian economics on what types of deficit spending are the best types. To lack that field of knowledge is a major hole in the theory.

To: bentway who wrote (273677)	9/6/2010 6:05:39 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>It's really horrifying to see how inefficiently so much money is blown by our government!<< i've never seen a more efficient asset stripping, oligarch enriching scheme in my life! "mission accomplished! and some smooth talking cult of personality wind up toy was able to do it with the lootees simply standing down. heck, not even 1 in 100 knows what is going on - and not 1 in 10 can accept even when told! the elites know that most people have a mental block to feeling prone and helpless... so they mentally resist feeling that way. brilliant*!