Quote:
Originally Posted by aceventura3
On one hand we have people saying give the stimulus more time, on the other we have people saying it is not as big in 2010.
What I am saying is that government can create stimulus in the short term and then the actions taken by government will have an equal but opposite effect, assuming no government waste. The costs have to be incurred and paid for, one way or the other.
What I am saying is a truism. Politicians and economist with political agendas can tap dance around the truism I pointed out all day long, but it doesn't change what is true. If what I write is not clear, it is because of my inability to communicate with you, like I wrote earlier, if you find an economist who disagrees with what I have presented - I would love to read his stuff or interact with him or her.
Obama is saying that he has been focused on jobs all along and now he is saying that he is going to focus on jobs. That seems to be a contradiction and an admission that his plan initially was ineffective. If his plan was on course, why not say that? Why not simply say to America to be patient, that the plan is going to work? He can't say that because he knows it is not true. Are you saying you don't see what is so obvious? Why does Obama assume "we" don't get it? Obama reminds me of a 4 year-old boy who is in trouble and tried to explain it away with a little lie, that gets bigger and bigger and bigger, a some point it ain't cute any more.
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My point was clear:
Your assertion that the stimulus did not create any jobs, or that it has taken 18-24 months to create jobs, is false. Even a higly partisan, highly republican AEI admits it to be so.
Regarding your "truism:" I bet you didn't know there was a name for it. It's called Ricardian Equivalence. It is far from being accepted as a "truism," never mind as truth.
There is a vast literature on the matter, just a few clicks away.