GOP's Plan to Create Jobs: Do Nothing

[Ricter]

Quote from quantsteve:

Fair question.

Maybe Barry and Dems do not have a plan ?

The export initiative is part of the plan, and it is a very good idea.

 

[quantsteve]

Re: raise taxes on "rich" and redistribute wealth


So, we all agree that this is Barry and Dem's overall goal to buy votes and stay in power ?

 

[Hello]

I understand the money multiplying effect, we still would have been far better off subsidizing businesses through tax incentives for job creation.

If what you say is true that Australia essentially gave the money away we probably would have been better off doing that as well as it would have been a one time hit, instead we held on to every single government job out there, and in fact even created more government jobs, while the tax base is shrinking which is only going to further exacerbate the deficit problem.

Quote from Ricter:

You have to factor in the economic multiplier effect as well, roughly 10 times, iirc.

The time to efficacy issue is a political problem, not an economic one. The Australian government eliminated the middlemen and essentially just gave their stimulus money to their citizenry, who of course spent it immediately. And they were first out of the hole too.

Stimulus spending will of course stimulate spending (except for the case where recipients save or hoard it, which was done here to some extent, sadly), that's cause and effect. I know anecdotally from my own business that it is working, and from what I'm reading it is also working for other economies.

Is it a tactic that should be used, eg. borrowing from our future labor, that's the real question imho.

 

[bugscoe]

Quote from Gabfly1:

By your line of reasoning, a better question might be: what was the unemployment rate before you were born as compared to what it is now? I think we may have isolated the problem.

Let's try it again:

What UE rate did Obama and his crooks tell us the stimulus would keep us under?

What was the UE rate before the stimulus was passed?

What is the UE rate today?

 

[Trader666]

A recent study by the Harvard Business School found that government spending causes businesses to retrench, which is exactly what we've been seeing. Ironically they set out to prove that when federal spending in a state increased, the businesses and local economies would benefit. But they found the opposite.

Stimulus Surprise: Companies Retrench When Government Spends
http://hbswk.hbs.edu/item/6420.html

Quote from Ricter:

You have to factor in the economic multiplier effect as well, roughly 10 times, iirc.

 

[Trader666]

You're even stupider than I thought if you really believe that giving 10s of millions of people a new entitlement will cut health care costs.

Quote from hermit:

Yup, healthcare was never a problem, let it eat away at the GDP till it drags down the whole economy that will 'shrink guberment' and 'give more freedoms'

 

[Trader666]

Here it is, straight from Christina Romer, with a reality check by Heritage in red. Hermy tried to claim that the whole thing was from Heritage

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2905320>

Quote from bugscoe:

Let's try it again:

What UE rate did Obama and his crooks tell us the stimulus would keep us under?

What was the UE rate before the stimulus was passed?

What is the UE rate today?

 

[Trader666]

This from the one who publicly accused someone of treason without even knowing what it meant. You libtards are something else

Quote from Gabfly1:

How characteristic of you to miss the point.

 

[hermit]

Quote from Trader666:

You're even stupider than I thought if you really believe that giving 10s of millions of people a new entitlement will cut health care costs.

It seems to work for every other industrialized nation, why not for the US?

 

[Trader666]

Again, tell us how giving a new entitlement to 10s of millions of people in the U.S. will bring healthcare costs down.

Quote from hermit:

It seems to work for every other industrialized nation, why not for the US?