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I saw David Brooks on Face The Nation and he pointed out that so far the stimulus dollars were mainly preventing people from being laid off and weren't producing the "multiplier effect" that is supposed to come with stimulus spending leading to new job creation. Is he right? Or does it take time for the multiplier effect to happen?
I saw David Brooks on Face The Nation and he pointed out that so far the stimulus dollars were mainly preventing people from being laid off and weren't producing the "multiplier effect" that is supposed to come with stimulus spending leading to new job creation. Is he right? Or does it take time for the multiplier effect to happen?
"Stimulus" has failed in the US Great Depression as well as 1980s-1990s Japan. It did not work then and has not worked now.
Reagan and Kennedy pulled us out of recessions with TAX CUTS. The people and buisness knows how to spend money more appropriately than the feds.
It comes down to a very simple question. Who knows how to spend money more wisely?
A. The feds
B. Private citizens and buisness
If you checked "B", you are for tax cuts. If you checked "A", you are for more federal spending (from increased taxes) for more "stimulus".
If the government's borrowing money there is less money available for the private sector to borrow. government borrowing crowds out private sector borrowing.
And taking money out of the mouths of the private sector will crimp growth, which isn't multiplying anything, as we are clearly seeing.....
I saw David Brooks on Face The Nation and he pointed out that so far the stimulus dollars were mainly preventing people from being laid off and weren't producing the "multiplier effect" that is supposed to come with stimulus spending leading to new job creation. Is he right? Or does it take time for the multiplier effect to happen?
From its very inception everyone who was listening, including stimulus critics both on the left and the right, knew that the stimulus would not kick-in until 2010, so, I'm not following the logic of the argument.
From its very inception everyone who was listening, including stimulus critics both on the left and the right, knew that the stimulus would not kick-in until 2010, so, I'm not following the logic of the argument.
The total amount of stimulus should have a similar multiplier as a quarter of the stimulus. The multiplier isn't measured by the total amount of money spent.
From its very inception everyone who was listening, including stimulus critics both on the left and the right, knew that the stimulus would not kick-in until 2010, so, I'm not following the logic of the argument.
Then it can't be deemed a "stimulus", which is what a lot of the critics were saying AND warning. The way obama's team structured the bill was not stimulative at all, which has shown to be true. Many people said so at the time, the administration vehemently argued the point, said it would provide an immediate jolt to the economy, 600,000 jobs by summer's end, 3-4 million by end of 2010, keep UE under 8%.
Cue the radical conservatives who stalk this board all day every day, waiting for any excuse to lash out at how horrific their president is who's actually fixing the problems he inherited.
Oh, the horror.
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