Quote:
Originally Posted by Willravel
President Obama's last attempt was like a chipmunk trying to turn over a hemi, but we've still managed to make progress. Even the conservative American Enterprise Institute admitted back in January that the stimulus helped to boost the economy by 4%. So, actually, it did work. Whoever told you it didn't is a liar and a fiend. |
First, the 4% figure, even if true, includes stimulus spending and inventory replacement.
Second, Obama's stimulus program was in the range of $750 billion. Even attributing the growth in the economy entirely to the stimulus, with a $14 trillion GDP in 2009, that's about $560 billion return on $750 billion spending. So does Obama intend to adopt the old business maxim of taking a loss on every sale but making it up in volume?
Third, there were numerous articles at the time cash for clunkers ended and the homebuyer's credit ended about the resulting drop in revenue. Some stimulus. More like borrowing against future sales.
Fourth, if this was like a chipmunk trying to overturn a semi, Obama really should quit before he really fails.
Finally, speaking of amimal metaphors, the one I really liked was Obama after the 2010 elections as a neutered chihuahua
Quote:
Originally Posted by Willravel
Economists are saying we need a second stimulus, an investment that will pay off big time in the long-run. Do you understand the concept of investment? It's not the government writing a check and getting nothing in return, it's about saving a dying economy and perhaps saving our crumbling infrastructure in the process. And don't give me that "future generations" line. It was Republicans that spent us into this stupid mess, and I didn't hear a peep from the right while it was happening. Perhaps the drum beat to two expensive, unnecessary, and wasteful wars was too loud? |
You really expect me to take a website named crooks and liars seriously? Or a document signed by a bunch of union bosses?
Quote:
Originally Posted by Willravel
New rule: you don't get to call yourself a fiscal conservative if you ever supported the wars in Iraq and Afghanistan, the Bush tax cuts, or the prescription drug bill.
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I don't know Will, I'd consider someone who has maintained a zero debt balance over the last 20 years and only buys things when he has cash to back that purchase a pretty solid example of a fiscal conservative, wouldn't you?
---------- Post added at 06:38 PM ---------- Previous post was at 06:36 PM ----------
Quote:
Originally Posted by dc_dux
Ace...all I see are more generalities and misconceptions from you and dogzilla.
Eliminate waste (where, when nearly 2/3 of the budget are entitlements, interest on debt and defense - absolutely cut defense, but conservatives wont touch it)...social safety net programs create a cycle of dependency (despite the fact that most recipients are relatively short-timers), eliminate programs that are power grabs from the states (despite the fact that most high dollar programs are classic federalism, with the feds setting minimum regs and states implementing with their own more specific regs)
I would also add that there is a growing consensus of economists who are of the opinion that the combination of federal policies/actions (TARP bank bailout, stimulus, Fed Reserve policies) prevented a further recession/depression and turned the economy around.
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You guys carry on about entitlements. Cite me the specific sentence in the Constitution that states that an entitlement program, once enacted by Congress, can't be revoked by Congress.