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Originally Posted by dogzilla
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?
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First, SO what would you have done in January 2009, after the loss of 8 million jobs and a year of negative GDP growth?
Second...about 2/3 of the stimulus program was not stimulus, in the classic sense of govt spending to create jobs.....1/3 was middle class and small business tax relief and 1/3 was to provide extended benefits (UI, COBRA) for those millions who lost their jobs before 2009 and remained unemployed.
Would you have provided temporary relief for those in need..or just screw'em?
---------- Post added at 06:44 PM ---------- Previous post was at 06:42 PM ----------
Quote:
Originally Posted by dogzilla
...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.
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Putting the constitutional question aside because it has no merit.
So you want to revoke Medicare and return to the pre-1965 days when most seniors had no access to affordable health care?
DO you really think the private sector/free market will take on those high risk citizens?